One Yesterday was a full year ago. Gary Gensler You can also read about the Securities The following are some examples of how to get started: Exchange Commission It was finally the (SEC) that capitulated, and allowed the spot Bitcoin exchange traded fund (ETFs) to begin trading the very next day. These ETFs would go on to be the best performing ETFs in history, with BlackRock’s ETF $IBIT leading the charge, taking in over $52 billion inflows alone.
I feel like a lot of people are afraid to admit this, or just don’t want to, but the ETFs were the most significant moment in Bitcoin By 2024, the world will be a different place. Looking When I look back at the past year, everything seems to have happened. Bitcoin’s favor was downstream from these approvals. Let me explain.
The Six major events in 2024 are listed below:
- Spot Bitcoin SEC Approves ETF
- Donald Trump Pledge the USA embrace Bitcoin
- MicroStrategy & other Corporate Adoption of Bitcoin
- Price milestone of $100,000
- Gary Gensler SEC resignation
- The Halfing
When BlackRock’s ETF was filed at the end of 2023 bear market, which for me marked the start of a new bull market. We The price of the ETF was immediately inflated by other asset managers who also applied for one. Bitcoin has risen ever since — the price of bitcoin was $24,900 when BlackRock filed its ETF, then it was $46,000 when it was approved, and today we’re sitting at just under $100,000.
The Number one factor driving interest in and adoption of Bitcoin The price of a product is not the same as its utility. Large The price increase will bring more eyeballs, attract new sources of capital and create interest for the entire asset. When Bitcoin is dropping in value, and all tourists have left. Only the HODLers are still there.
Bitcoin The historic rise in the prices of ETFs helped to set up for Donald Trump to embrace it. No Longer was Bitcoin just mere magic internet money for a small crowd of people on the internet, it was now backed by the world’s largest asset managers in BlackRock and Fidelity. The The massive inflow of bitcoin into these products was like an earthquake, showing how great the demand for this currency was. It also showed us where our nation was heading financially. It The industry is growing exponentially and this was shown to me. TrumpLike many other politicians, including Senators and Congressmen, they realized that it is better to fight with us rather than against us.
Now The price of gold has been driven higher by the major asset managers. A new pro-gold initiative is also being launched.Bitcoin Administration coming to the forefront White HouseMicroStrategy as well as other corporations were now able to focus on the asset in greater depth. And that’s exactly what happened.
Michael Saylor ramped up MicroStrategy’s bitcoin purchases like never before, and has no signs of slowing down in 2025. Their stock outperforming bitcoin had caught the attention of countless other publicly traded companies who copied the ‘Bitcoin For Corporations’ strategy, all adding more buying pressure to bitcoin, further driving up the asset. MicroStrategy is raising over $42 billion to buy more bitcoin to front-run everyone who doesn’t own any yet — this large increase in demand and regulatory certainty is sending bitcoin accumulators into a FOMO frenzy.
All This combined with the halves event, where production of bitcoin was reduced by half, to 3.125 BTC/block, has sent us up to an all-time high of over $108,000. The Due to the sheer amount of coins being mined and sold, the demand is always greater than what the supply. This drives the price up. Just the other day, BlackRock’s ETF alone bought over 6,078 bitcoin while miners only made 450 new bitcoin. There It is impossible to make more than 21,000,000 bitcoins.
The The SEC, and others who are anti-fundamentalists have bad news to report about the success of ETFs.Bitcoin Regulators and politicians. Gary Gensler., who has been a major obstacle to the approval of ETFs, will officially leave the SEC. Both The democratic commissioners of the SEC, who voted against approval, are leaving as well. And There is no evidence that Bitcoin The new system is designed to help the United States The next four months will pass without the politicians and the regulators attacking this industry.
The The approval of ETFs was a major event for the industry. Things would have been very different if it had not happened. The If they hadn’t been approved, the price of Bitcoin would be lower today. We might even have had a different US president if it wasn’t for them. So Many great things happened in Bitcoin’s favor this past year, and it was all downstream from the ETF approvals.
This Article is an Take. Opinions expressed are entirely the authYou can also find out more about's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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