2024 Recap After Breaking $80,000
Bitcoin will crash.
ETFs are game-changers.
Markets are unpredictable, the risks are high, and what you're doing is gambling.
How many times have you heard these statements? From friends, family, or the media?
Think about it: are they right? Sometimes, maybe, but this year's data paints a different picture.
Let’s take a look at the main events, the 2024 data, and how these shape the market.
2024 has been packed with developments that bring new opportunities for investors and the cryptocurrency market itself.
So, let’s dive into the details.
What happened this year?
Bitcoin Halving
One of the most significant events in the crypto world.
The Bitcoin halving took place this year, cutting mining rewards in half.
Historically, this event reduces Bitcoin’s supply and boosts its price over the medium term, as demand stays steady or even rises.
For investors, the halving acts as a "starting signal" for a new bullish cycle.
Bitcoin ETF
The approval of a Bitcoin-based ETF has caused waves of excitement.
These ETFs provide a way for investors to access Bitcoin via traditional financial instruments, without needing to manage crypto assets directly.
The approval of a Bitcoin ETF is a huge milestone, changing the way institutional and traditional investors approach the crypto market.
Interest Rate Drops
Central banks have lowered interest rates, benefiting high-risk markets like cryptocurrencies.
Increased liquidity and lower returns on traditional investments make Bitcoin and other digital assets more attractive, especially for those seeking higher returns.
Trump Elected As President
Donald Trump is pro crypto and want to make it easier for everyone to own crypto. This means a more favorable environment and a SEC that won't try to close every exchange and every major cryptocurrency.
What does all this mean?
This year is showing us that cryptocurrencies are becoming more and more accepted by traditional investment circles and regulators.
Despite the challenges, the market is maturing, and signs of institutional adoption are preparing us for a new era in the world of crypto.
Now, with #Bitcoin at an all-time high (ATH) of $80,000, despite the hits it’s taken, it’s still here.
Sure, it could crash too, but there will always be opportunities every day.
People will never stop expressing their opinions on everything.
And remember
Knowledge, strategy, and experience are key to benefiting from this market.
Posted Using InLeo Alpha
Bitcoin will go much higher than 80k this cycle. My target is $150-200k until end of next year. We will see
I would say it's a bit high that target that means 5 trillion dollars market cap.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
Congratulations @steemychicken1! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPYou're right, people will never stop expressing their opinion. When the market is down or up, there are different sentiment for different market situations, but most importantly opportunity will always come up for profit and this is all that matters