#MarketRebound Bitcoin has experienced a significant rebound in 2024, with its price more than doubling over the past year.
This resurgence is attributed to several factors:
Political Developments: The incoming administration in Washington, led by President-elect Donald Trump, is expected to support the digital-asset industry. Trump's pro-crypto stance, including proposals to create a strategic Bitcoin reserve, has positively influenced market sentiment.
Institutional Adoption: There is growing institutional ownership of Bitcoin, with companies like MicroStrategy significantly increasing their holdings. MicroStrategy, for instance, aims to increase its authorized class A common shares to facilitate further Bitcoin acquisitions.
Monetary Policy: Shifts in monetary policy, particularly expectations of monetary easing, have historically benefited Bitcoin. Investors view Bitcoin as a hedge against inflation and currency devaluation, driving demand.
Despite this rebound, Bitcoin's performance has been outpaced by several U.S. stocks and other digital currencies in 2024. Nearly 400 U.S. stocks and 20 digital currencies have achieved
