Disclosure: The views and opinions expressed here belong solely to the author and do not reflect the views and opinions of the crypto.news editorial team.
The year 2024 marked a significant turning point for the cryptocurrency industry. Bitcoin exchange-traded funds (BTC) took center stage at the start of the year, underscoring Bitcoin’s resilience and cementing its position as an integral part of the global financial landscape.
After an initial post-ETF rise, the market experienced sideways movement as the industry dealt with challenges, including what many have described as “debanking” by certain US regulators. These hurdles highlighted the difficulties of growing an emerging sector that is still striving for widespread acceptance and integration.
The US presidential election dominated the second half of the year, with cryptocurrencies playing a central role in the political discourse. As Donald Trump prepares to take office in January, his administration is poised to take a significantly different stance on digital assets. Trump is widely considered the “crypto president” and, with his pro-blockchain perspective, signals a significant shift from the Biden administration.
The appointment of Paul Atkins as head of the SEC is evidence of this shift and paves the way for a regulatory environment more aligned with the transformative potential of blockchain technology. Against this backdrop, Bitcoin has reached a historic milestone and surpassed the price threshold of $100,000 – a powerful symbol of the growing maturity and global importance of the sector.
