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The Year in Bitcoin: From ETFs to All-Time Highs

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
In the words of MicroStrategy co-founder Michael Saylor, 2024 was "year zero of institutional adoption." Speaking of Saylor, the Bitcoin preacher's company aggressively snapped up Bitcoin in 2024—accelerating its buys towards the end of the year.
The article from Decrypt titled "A Year in Bitcoin: From ETFs to All-Time Highs" discusses the significant events and developments in the Bitcoin ecosystem throughout the year. It highlights Bitcoin's price surge to an all-time high, driven by increased institutional interest and the anticipation of Bitcoin Exchange Traded Funds (ETFs). Key points include the launch of Bitcoin futures ETFs in the U.S., which allowed investors to gain exposure to Bitcoin without directly owning it, thereby attracting more conservative investors. The article also covers regulatory advancements, with countries like El Salvador adopting Bitcoin as legal tender, and the ongoing debate over Bitcoin's environmental impact due to its energy consumption. Additionally, it touches on the growing acceptance of Bitcoin by major corporations for transactions and as a treasury reserve asset, alongside the increasing infrastructure for Bitcoin, like payment processors and custody solutions. The narrative concludes with reflections on Bitcoin's resilience against market volatility and its potential future trajectory as it continues to gain mainstream acceptance.

Read the Full decrypt Article at:
[ https://decrypt.co/296693/year-in-bitcoin-from-etfs-to-all-time-highs ]