The five most significant events in the history of blockchain are expected to unfold in the next five days:
1. The full explosion of Ethereum Layer 2 technology: The Ethereum network is the backbone of the blockchain ecosystem, and the advancement of Layer 2 technology is expected to completely solve the problems of scalability and high transaction costs. Projects like Optimism and Arbitrum have already attracted a large amount of capital and users, and in the coming months, these technologies may pave the way for more decentralized applications.
2. Acceleration of central bank digital currency (CBDC) pilots: In the second half of 2024, pilot programs for central bank digital currencies (CBDCs) in several countries will enter a critical phase. Whether it’s Europe’s digital euro or Asia’s digital yuan, these projects will have a profound impact on the global economic landscape.
3. Large-scale landing of Web3 applications: From NFTs to decentralized social networks, the concept of Web3 has deeply resonated. By the end of 2024, a batch of Web3 projects with real application value may lead a new wave of user growth.
4. Global expansion of Bitcoin and Ethereum ETFs: The approval of spot Bitcoin and Ethereum ETFs has brought capital inflow and mainstream recognition to the crypto market, and more assets may enter the ETF space by 2025. By December 2024, the management scale of Bitcoin ETFs is expected to exceed $100 billion.
5. A major country within the G7 or BRICS will establish and announce a strategic Bitcoin reserve: The Trump administration proposed to establish a strategic Bitcoin reserve (SBR) for the United States, which sparked much debate and speculation. This proposal itself has far-reaching implications and may prompt other major countries to consider similar actions.
These events signify important progress in blockchain technology across multiple fields such as finance, currency, and applications, indicating that blockchain technology will further integrate into the mainstream economy and financial system.
