If Christmas belongs to Mariah Carey with her ‘All I Want for Christmas is You’ and now also to Bisbal and ‘El Burrito Sabanero,’ New Year’s Eve undeniably belongs to Mecano, spanish music group, and their song ‘Un año más.’
It’s time to take stock of the good and the bad that 2024 has brought us. Will you join me? 👇
- Bitcoin Spot ETFs Approved
- The Halving Arrives Trump Wins the U.S. Elections
- January 2024: Spot ETFs Arrive
Bitcoin Hits Record Highs in USD and EUR
On December 17, Bitcoin reached a new all-time high of $108,268.45, driven by Donald Trump’s announced plans to create a national Bitcoin reserve.
The interest rate cut announced by the FED and its pessimistic forecast regarding further cuts in 2025 and 2026 caused the price to plummet to $96,000 and reduced Bitcoin’s market cap by 5%.
Meanwhile, more nations and states are considering Bitcoin as a strategic reserve. This week, Alabama announced it is exploring the idea of establishing a state Bitcoin reserve.
Bitcoin also surpassed the magical €100,000 mark. What about you? What will you do before Trump takes office and fulfills what the crypto community has been waiting for?
April 2024: The Long-Awaited Halving
April saw the occurrence of the halving, an event that happens approximately every four years and reduces by half the reward for mining bitcoins.
Historically, such events have been associated with significant price increases in the cryptocurrency, although these tend to occur gradually rather than immediately.
For instance, during the halvings of 2016 and 2020, Bitcoin’s value increased by an average of 750% in the 12 months before and after the event, while in the current cycle, it has risen by 200%. Do you know what this means?
November 2024: Trump Boosts the Market
Trump’s victory in November gave a clear boost to Bitcoin prices in the final part of 2024. His promise to create a strategic national Bitcoin reserve, along with the announcement of the dismissal of the ever-conservative Gary Gensler as head of the SEC, triggered an unprecedented reaction.
Bitcoin surpassed the $100,000 mark on the night of December 5, and since then, it has been breaking its own records day after day, with the current high reaching around $108,000.
2025 looks as unpredictable as it is exciting, with Trump’s inauguration and his first real measures as president, the implementation of MiCA in the European Union, and increased institutional demand. It’s never too late to be part of the future.
Wishing you a great end to the year and an even better start to 2025!
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