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Bitcoin Inc: A Deep Dive into Crypto Trends 2024

Bitcoin Inc: A Deep Dive into Crypto Trends of 2024 by EVEREST's Workspace OUTLINE: 00:00:00 The Bull Market and Bitcoin's Boom 00:02:11 The Impact of Increased Regulation 00:04:49 The Climate Impact of Crypto 00:07:13 The Digitalization of Real-World Assets 00:09:18 The Rise of Central Bank Digital Currency the latest trends in cryptocurrency: Bull Market Emerges After Approval of ETFs: The value of Bitcoin surged 150% coming into 20241. The price of Bitcoin began 2024 at about $44,000 but had grown to $70,000 by mid-March 1. In one survey, crypto experts said that Bitcoin could hit $77,000 by the end of 2024 and $123,000 by the end of 20251. The approval of spot ETFs and the upcoming halving event are two major factors influencing the bull market1. Bitcoin Halving Event: The Bitcoin halving event is another factor driving up interest in crypto at the moment. The halving occurs roughly every four years1. On the halving event day, the reward for mining Bitcoin is cut in half. This decreases the rate at which new Bitcoin is mined1. Many analysts say that this dip in supply will increase demand1. Increasing Regulation of Cryptocurrency and Exchanges: As the cryptocurrency market grows, so does the attention it receives from regulatory bodies1. This could lead to increased regulation in the future. Crypto’s Growing Climate Impact: As the use of cryptocurrencies increases, so does their impact on the environment. This is a trend that is likely to continue and could potentially influence the future of the crypto market1. Real-World Assets Turn Digital with Blockchain Technology: More and more real-world assets are being digitized using blockchain technology1. This trend is expected to continue as technology matures1. Global Officials Explore Central Bank Digital Currency (CBDC): There is increasing interest in CBDCs among global officials1. This could potentially lead to the creation of digital currencies issued by central banks1. Please note that while these trends provide a snapshot of the current state of the cryptocurrency market, the market is highly volatile and subject to rapid changes.