According to many crypto experts, 2024 will be remembered as one of Bitcoin’s defining years.
BTC reached an all-time high this year, but there are several arguments that 2024 is indeed a milestone in Bitcoin’s life.
An example of this is that already pension funds and university foundations also began to invest in bitcoin, as well as the authorization of American spot Bitcoin ETFs, which introduced the largest digital asset to a large number of new institutional investors. Just like that we reportedBitcoin ETFs have become extremely popular not only in the United States, but many European traders have also invested in them.
But perhaps most importantly, US presidential candidate Donald Trump said he would make BTC a monetary reserve asset. It’s also worth noting that Trump is very pro-crypto and has promised to replace SEC Chairman Gary Gensler on day one if he’s elected, who is currently burdening crypto companies with a ton of senseless regulations and penalties.
Of course, besides 2024, several other years proved to be milestones for Bitcoin, such as when the device survived the 2013 Mt. Gox hack, or when Salvador in 2021 made it legal tender the BTC. These events were all fateful.
However, this year, Wall Street, considered the center of the global financial world, surrendered to Bitcoin, and for many, this is a real sign that things are about to change.
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By Binance News
<p>The post “Why 2024 Could Be Bitcoin’s Most Defining Year Yet” first appeared on CoinBuzzFeed.</p>
