Bitcoin and Crypto Market Update: December 30, 2024

If you’re reading this, you’re probably wondering what’s next for Bitcoin and the broader crypto market as we close out 2024. Let’s talk facts—not rumors.

El Salvador’s Big Bitcoin Move

El Salvador now holds 6,000 BTC, valued at around $570M. This positions the country as a top Bitcoin holder among nations. Despite criticism from organizations like the IMF, El Salvador is proving that Bitcoin can be a long-term asset for national growth.

Their strategy? Buying the dip consistently since 2021. With BTC hovering above $90k now, this $570M reserve reflects their vision. I’ll say it: El Salvador might just inspire other countries to follow suit in 2025.

Clean Energy and Bitcoin Mining

Here’s a major milestone: over 56% of Bitcoin mining is now powered by renewable energy. This shift is a win for Bitcoin’s long-term sustainability.

Elon Musk once said Tesla would only accept Bitcoin payments if clean energy usage exceeded 50%. Now that it’s surpassed this threshold, will Tesla step in again? If they do, expect a significant market reaction.

What’s Next for BTC and Crypto?

Let’s address the obvious: Bitcoin isn’t just a currency anymore—it’s a global asset class.

1. Institutional Confidence: Reduced criticism over energy consumption has opened doors for traditional finance players.

2. Altcoin Surge: With Bitcoin’s dominance stabilizing, expect select altcoins to outperform. (I’ve shared my top picks in earlier posts.)

Advice for 2025

• If you’re holding BTC or high-potential altcoins, don’t panic over market noise.

• Watch for adoption news from companies like Tesla and others as the clean energy narrative gains traction.

• Remember, long-term patience always beats short-term speculation.

Crypto isn’t slowing down—it’s evolving.

Are you ready for the next chapter? Then Follow me and check my bio to get connected with me.

My team is constantly monitoring the market for big moves.