2025 is mandated by the crypto community as the year of significant advancement. With Trump securing the 2024 U.S. presidential election, Bitcoin’s consideration for multiple countries’ reserve currency, and the SEC’s faltering control over the Ripple Labs lawsuit, this year is declared as the time when cryptocurrency will ascend to new heights.
We review the pivotal events of 2024:
The year commenced decisively with the U.S. Securities and Exchange Commission approving eleven Bitcoin ETFs on January 11th. By the end of the first month, these ETFs had attracted $655 million in inflows, escalating to $107 billion within the year, marking the most significant ETF launch in history.
For context, consider the gold ETF launch of 2003, which led to an eight-year uptrend and a 420% price increase. Bitcoin, recognized as the swiftest asset to appreciate, presents investors with an unpredictable but potentially lucrative future.
Ethereum ETFs were also authorized, spearheaded by BlackRock, Fidelity, and Vanguard. Vitalik Buterin rolled out the proto-danksharding upgrade, enhancing Ethereum’s scalability and reducing the high transaction fees that have been a point of contention for users.
In a notable development, 2024 witnessed a cat-themed memecoin, “Popcat” achieving a billion-dollar market valuation, a milestone previously dominated by dog-themed memes like Dogecoin and Shiba Inu.
The annual Bitcoin conference in Miami was a mandatory gathering for crypto enthusiasts, with industry leaders like Michael Saylor in attendance. Trump’s speech underscored Bitcoin’s role as a critical reserve currency, promising to make the U.S. the global hub for Bitcoin, humorously suggesting it could be the solution to the nation’s $34 trillion debt.
The “Token 2049” event in Singapore was a strategic assembly of global crypto leaders, innovators, and investors to delve into blockchain advancements. This event was a showcase of elite discussions and workshops on Web3 improvements, DeFi, and the tokenization of tangible assets.
Networking was not just an opportunity but a necessity for those in the crypto space to exchange ideas and scrutinize emerging trends.
Discussions on regulation were held, but the real enforcement is scheduled for 2025, aiming for a more crypto-adaptive global framework. Trump has proclaimed his administration’s pro-crypto stance, highlighting the unpopularity of SEC Chair Gary Gensler among crypto advocates.
2024 has been a year of growth for cryptocurrencies, setting the stage for 2025, where institutional and public adoption will be enforced. Historical data post-halving suggests Bitcoin is poised for a parabolic rally.
All these developments dictate one conclusion: 2025 will herald a transformative era for cryptocurrency, potentially ushering in the most significant bull run the market has ever seen, known as the “supercycle.”
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