I know, it’s a big statement, but actually, the more I think about it, the more convinced I am – looking back, 2024 will be remembered as the defining year for Bitcoin, the year that Bitcoin transformed from magical internet money to a truly institutional investments and financial assets.
The evidence is overwhelming:
– Pension funds And university donations assigned to Bitcoin.
– The long wait for one The US Bitcoin ETF has been terminated.
– Wall Street giants like BlackRock bought.
– Larry Fink changed its tune on Bitcoin.
But above all, a leading American presidential candidate said he would turn Bitcoin into a monetary reserve. Now read what I wrote again.
Of course, some Bitcoin pioneers regret this institutionalization and cringe at the institutional embrace. Some say Bitcoin is betraying its roots.
But for me, 2024 was the year of the breakthrough we had been waiting for so long. I started with Bitcoin in 2016 and feel like we’re finally done this year crossed the gorge.
Certainly, a case can be made that Bitcoin’s survival after the Mt. Gox hack of 2013, or the survival of the Fork War of 2017, or even El Salvador’s adoption of Bitcoin as legal tender in 2021 were all crucial.
These were all great victories for our culture and industry. But this year we finally saw it our enemies capitulate. As someone from USA, I have long viewed Washington and Wall Street as the center of the global power structure.
I know the world will follow their example.
So it’s reassuring to see Wall Street and Washington finally recognizing Bitcoin’s power and bending the knee. For many around the world, this is the real sign that things are about to change.
This article is a To take. The opinions expressed are solely those of the author and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.