2024 is a rollercoaster year in the cryptocurrency space, and social media has provided us with a glimpse into some, if not all, of this field. From regulatory changes to meme coins, here are brief insights into the top-performing cryptocurrency tweets of the year along with signs of new trends emerging in this market.

The most significant tweet of the year was the resignation letter of Gary Gensler, SEC Chairman, announced on November 21, 2024, effective January 20, 2025. Most of Gensler's tenure was characterized by even stricter regulation of the cryptocurrency market with 46 enforcement actions in just 2023. His departure could mean more favorable laws for cryptocurrency might emerge, as Paul Atkins, a former SEC commissioner, may succeed him.

Trump's cryptocurrency shift: A bold move towards a U.S. Bitcoin reserve and a mining boom

Donald Trump also made headlines for his decision on October 31, when, on the 16th anniversary of Bitcoin's inception, he announced his speech on Kamala Harris's cryptocurrency ban and promised that BTC would be 'Made in America.' Included in his shift of perspective was a call to establish a U.S. Bitcoin reserve fund and encourage domestic bitcoin mining.

Alongside some Google search queries, on November 13, Elon Musk energized his fans with a post about Dogecoin and the 'Government Efficiency Bureau' and expressed his feelings towards the meme companion while joining Trump. Musk's influence is evident with Dogecoin as his support continues to drive success for this coin in the market.

The appointment of David O. Sacks to the Trump administration and becoming the 'AI & Crypto King of the White House' reinforces the U.S. Government's intent to promote cryptocurrency & AI. Sacks, an experienced figure from Silicon Valley, has always supported the position of digital currency in the decentralized internet.

The biggest market-shaking event occurred on December 15 when MicroStrategy CEO Michael Saylor purchased an additional 15,350 bitcoins for $1.5 billion, bringing the total to 439,000 bitcoins. Ultimately recognized as the largest institutional investor in BTC, the company revealed its 2024 earnings: 46.4% for the quarter and 72.4% for the year.

Ripple CEO Brad Garlinghouse celebrated a courtroom victory on November 29 after the SEC reduced its fine request to $56 million or 94% down from the previous $170 million. However, the recent legal wins, even partial ones, that Ripple received have further built confidence in the company.

Binance CEO Changpeng Zhao, or CZ, expressed his concerns about meme coin trading on November 26, emphasizing the actual developments of blockchain. Consequently, meme coins, particularly on Solana's DEX, had a fantastic year in 2024.

Jim Cramer, a notorious critic, stirred controversy on August 5 when he stated that gold had surpassed cryptocurrency. However, by December, Bitcoin had risen 81%, far outpacing gold's 8%, thus positioning it has yielded profits for those rhyming with 'Inverse Cramer.'

Last but not least, on December 16, Peter Schiff mocked Bitcoin by calling it the biggest bubble ever. Schiff remains pessimistic about Bitcoin, thus becoming a laughingstock for Bitcoin investors as the asset continues to rise.

Conclusion

The top tweets about cryptocurrency in 2024 indicate a notable year with threats from governments in various countries and a changing attitude towards bitcoin. From Gensler's resignation to Trump's shifting position and Musk's impact, these tweets reflect the rapidly changing dynamics of cryptocurrency, an industry poised to maintain its influence in the financial markets for years to come.