Cryptomonk
Contributor
- January 2024: The approval of a Bitcoin ETF, akin to the GLD (Gold ETF), is a game-changer. It signifies a monumental shift in regulatory attitude towards cryptocurrency, offering mainstream investors a regulated vehicle to invest in Bitcoin.
- February 2024: Following the approval, BitcoinETF trading commences, attracting a new wave of institutional and retail investors. This development is expected to enhance liquidity and stabilize the Bitcoin market.
- In April 2024, The Most Anticipated Bitcoin Halving will take place and will undergo its, cutting mining rewards in half. These events historically drive substantial price surges, aligning reduced supply with steady or growing demand. Expect a potentially significant impact on Bitcoin’s value
- May – November 2024: This period is expected to be marked by further rate cuts and increased liquidity, potentially fuelling more investment in Bitcoin. However, caution is advised as these measures may be reactive to a looming economic slowdown.
- During December 2024, MichaelSaylor highlighted how the FASB will adopt fair value accounting for Bitcoin, kicking in after December 15, 2024. This move really solidifies Bitcoin’s credibility as a go-to treasury reserve asset for corporations worldwide.
