Crypto Chronicles of 2024: A year of resurgence and promise
Bitcoin rallied to this landmark price just hours after US President-elect Donald Trump appointed crypto advocate Paul Atkins as the new chair of the US SEC.
This year also saw crypto make significant strides into the financial mainstream, as the US SEC approved Bitcoin and Ethereum ETFs earlier in the year. Crypto scaled to unprecedented heights and became a central topic in the recently concluded US elections.
Mainstream adoption takes off
Earlier this year, the SEC’s approval of ETFs for multiple crypto players created a ripple effect. Financial giants like BlackRock and Fidelity significantly increased their crypto investments. Enhanced blockchain infrastructure, with improved scalability and security features, attracted a wave of new users.
As confidence in Bitcoin as a long-term store of value grows and crypto applications diversify, retail investors are expected to further increase their crypto investments.
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