Experts note that the 2024 UK elections could significantly impact the crypto industry, as major issues such as regulation, taxation, and crypto’s integration into mainstream finance are hot topics. Cryptocurrency investment has spiked in anticipation, with inflows exceeding £2.2 billion in mid-October, spurred by optimism around a potential Conservative win, which some see as more favorable to the industry due to historically less restrictive policies on crypto.

The candidates’ stances vary: Rishi Sunak has been vocal about supporting Bitcoin and reducing regulatory constraints on crypto mining, which many believe could promote a more crypto-friendly environment if he wins. Keir Starmer, on the other hand, has offered some support but emphasizes consumer protection, a stance that suggests his administration might balance innovation with regulation.

Crypto advocacy has grown substantially in 2024, with industry-backed political action committees (PACs) donating heavily to pro-crypto candidates, making the elections a key moment for the sector’s future trajectory.

The future of Bitcoin in 2024 appears promising but complex, with experts identifying a range of factors influencing its trajectory. Key developments include technological advancements, regulatory dynamics, and notable financial events.

1. Technological and Regulatory Developments: Innovations like the Lightning Network aim to improve Bitcoin’s scalability, and privacy enhancements are in development to secure user data. However, global regulatory challenges persist, as governments continue to debate how to handle Bitcoin and related assets. These regulations could both facilitate and hinder adoption depending on their nature and enforcement  .
2. Upcoming Bitcoin Halving Event: One of the most anticipated events in 2024 is Bitcoin’s halving, which reduces mining rewards by half. Historically, this event has led to significant price increases, as it limits Bitcoin’s supply and could drive demand. Past halvings, like the one in 2020, were followed by major price gains .
3. Institutional Investment and ETFs: Another major development is the approval of Bitcoin ETFs, which allow traditional investors to gain exposure to Bitcoin without owning it directly. Analysts believe these ETFs will attract institutional investors, increasing demand and potentially driving prices higher. This could create a feedback loop, boosting Bitcoin’s popularity as both a speculative asset and a potential inflation hedge  .
4. Market Expectations and Challenges: Some analysts predict parabolic growth for Bitcoin in late 2024, with price resistance being broken and mining profitability on the rise. However, challenges such as global economic volatility and security concerns within the crypto ecosystem remain and could impact Bitcoin’s momentum .

In summary, while some experts predict record-breaking highs fueled by institutional investment and technological upgrades, others advise caution due to regulatory uncertainties and market volatility.

‼️Що таке USD-M Future?‼️

USD-M Futures (або USD-Margined Futures) – це тип ф’ючерсного контракту на криптовалюту, який має маржу та розраховується у стейблкойні, як правило, USDT (Tether) або інших стейблкоїнах, прив’язаних до долара США, як-от BUSD. Ці контракти зазвичай використовуються в торгівлі криптовалютними деривативами, пропонуючи більш стабільну форму маржі та розрахунків порівняно з ф’ючерсами COIN-M, які використовують нестабільні активи, такі як біткойни, як маржу.

🔑Ключові характеристики ф'ючерсів USD-M:

1. Маржинальний стейблкойн: маржа та розрахунок ф’ючерсів USD-M здійснюються стейблкойном, таким як USDT, який прив’язаний до долара США. Це забезпечує стабільність з точки зору маржинальної вартості, оскільки стейблкоїни є менш волатильними порівняно з криптовалютами, такими як біткойн.
2. Кредитне плече: трейдери можуть застосовувати кредитне плече, тобто вони можуть займати більші позиції, ніж зазвичай дозволяє їх маржа. Кредитне плече може збільшити як потенційні прибутки, так і збитки.
3. Безстрокові або традиційні ф’ючерси: Подібно до ф’ючерсів на COIN-M, ф’ючерси на USD-M можуть бути безстроковими контрактами, які не мають терміну дії, або традиційними ф’ючерсами, термін дії яких закінчується в певний час.
4. Ризик: оскільки маржа утримується в стейблкойнах, ризик трейдера пов’язаний із рухом базового активу (наприклад, біткойна) без додаткової волатильності утримання маржі в криптовалюті. Це зменшує один шар волатильності.

Коротше кажучи, ф’ючерси USD-M пропонують трейдерам більш стабільний спосіб спекулювати на змінах цін на криптовалюти, не піддаючись коливанню ціни самої криптовалютної маржі.

‼️What is COIN-M Future?‼️

COIN-M Futures (or Coin-Margined Futures) is a type of futures contract that is margined and settled in cryptocurrency, typically in Bitcoin (BTC) or another digital asset, rather than traditional fiat currency (like GBP). This contrasts with USDT-M Futures, which are margined and settled in a stablecoin like USDT (Tether).

🔑Key Features of COIN-M Futures:

1. Settlement in Crypto: The margin for these futures contracts is held in a cryptocurrency, and any profits or losses are also settled in that cryptocurrency.
2. Leverage: Like traditional futures, COIN-M Futures allow traders to use leverage, enabling them to trade with a larger position size than their margin would normally allow.
3. Perpetual and Expiring Contracts: COIN-M Futures can be either perpetual contracts (without expiry) or traditional futures contracts that expire on a set date.
4. Risk: Since the contract is denominated in a volatile asset like Bitcoin, the risk can be higher compared to GBP-margined contracts, as both the position size and margin value fluctuate with the price of the crypto.

These products are often offered by major cryptocurrency exchanges like Binance, Bybit, and others.

*Binance app*

• Leading Crypto App: Binance has positioned itself as the top cryptocurrency app globally, with over 6.3 million downloads in the first quarter of 2024 alone.
• Global User Base: As of 2024, Binance serves more than 183 million users worldwide, making it a leader in crypto exchange services.
• App Features: The Binance app offers a variety of services including spot and P2P trading, payments, Earn products, and access to Web3 features. It also supports trading of over 400 assets across 1,800 trading pairs.
• Market Dominance: Binance holds about 43.8% of the global crypto market share, cementing its position as the world’s largest crypto exchange by trading volume.
• Growth Factors: The app’s simplicity, user-friendliness, and trust in the Binance brand are key contributors to its widespread adoption   .

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