A year in review - 2024 in crypto 🎆
2024 is coming to an end, and what a year it’s been in the crypto industry. Let’s look back at what made 2024 one to remember.
Bitcoin ETFs
In January, several Bitcoin Spot Exchange Traded Funds (ETFs) were approved in the U.S - giving investors and institutions increased exposure to Bitcoin through a traditional channel.
Fourth Halving
Then in April, Bitcoin completed its fourth halving event, which reduced the block reward paid out to Bitcoin miners by 50%. This occurs every four years, and marks the next stage in Bitcoin’s growth in 2024.
SBF in prison
In March, Sam Bankman-Fried - also known as SBF - was sentenced to 25 years in prison for stealing an approximate $8 billion from traders on his cryptocurrency exchange, FTX.
Meme coins
2024 saw the resurgence of meme coins, fuelled by the Solana blockchain. Many newcomers hit the market, including WIF, Moo Deng, POPCAT and FARTCOIN, all of which have accumulated multi-million dollar market caps since their launch.
Bitcoin ATH
Bitcoin breaking its all-time high and then $100k caused massive celebrations in the space, with the asset rocketing to new highs through November and December. This was also fuelled in part by Donald Trump's victory in the presidential election, which signals a pro-Bitcoin stance within the financial world.
MicroStrategy
2024 saw MicroStrategy massively bolster their Bitcoin holdings. It now holds 444,262 BTC, worth an estimated $41 billion dollars - making it the second largest institutional holder of Bitcoin behind Blackrock’s iShares ETF.
It really was an incredible 2024 for crypto. Now, what does 2025 hold in store for the industry?
