I know, it’s a big statement, but actually, the more I think about it, the more I’m convinced – when I look back, 2024 will be remembered as the year that defines Bitcoin, the year that Bitcoin changed the magical Internet currency into a real one. institutional investment and financial assets.
The evidence is overwhelming:
– Pension funds and university funds allocated to Bitcoin.
– The long wait for the US Bitcoin ETF is over.
– Wall Street giants like BlackRock have been bought.
– Larry Fink has changed his tune to Bitcoin.
But above all, the leading US president said he would make Bitcoin a safe-haven asset. Now, read what I wrote again.
Of course, some Bitcoin pioneers complained about this institutionalization and focused on institutional acceptance. Some say Bitcoin is selling its roots.
But for me, 2024 was the long awaited breakthrough year. I got into Bitcoin in 2016, and I feel like this year we finally crossed the chasm.
Indeed, it could be argued that Bitcoin’s survival from the hack of Mt. Gox of 2013, or its survival from the 2017 Fork War, or El Salvador’s acceptance of Bitcoin as legal tender in 2021 were all important.
All of this was a huge success for our culture and industry. But, this year, we finally saw it our enemies agree. As someone from India, I have long viewed Washington and Wall Street as the center of the global power structure.
I know the world will follow their lead.
So, it’s comforting to see Wall Street and Washington finally acknowledging the power of Bitcoin and bending the knee. For many around the world, it is a real sign that things are about to change.
This article is a Take it. The views expressed are entirely those of the author and do not reflect those of BTC Inc or Bitcoin Magazine.