The Bitcoin Year 2024

Milestones, Increased Adoption & Hope for the Future

As we look back on 2024, it emerges as a year where Bitcoin made significant strides forward and took center stage in the global economy. With the launch of Bitcoin ETFs, a halving event, and new all-time highs, Bitcoin was not just a topic of discussion—it became an undeniable force in the digital economy. Here, we summarize some of the year’s most important milestones and their impact on both the market and the future!

January: Bitcoin Joins the Traditional Financial World

The year kicked off with a bang as the U.S. Securities and Exchange Commission approved the launch of Bitcoin ETFs, marking a paradigm shift in integrating cryptocurrencies into traditional financial markets.

On January 11, BlackRock launched its iShares Bitcoin Trust ETF (IBIT). Shortly after, the fund attracted over a billion dollars in investments. This development set the tone for the year, highlighting the growing interest in Bitcoin.

April: The Halving Effect

On April 19, Bitcoin’s fourth halving took place, reducing miners’ block rewards from 6.25 to 3.125 Bitcoin per block. This event, built into Bitcoin’s protocol, aims to curb supply and combat inflation. Following the halving, the market saw a significant price surge, reflecting investor expectations of increased scarcity.

For miners, the halving ushered in a new reality. With reduced rewards, many invested in energy-efficient solutions and sought regions with cheaper energy, driving innovation in renewable energy usage.

Summer: BTC Prague and BTCX’s Pink Revolution

In June, thousands of enthusiasts gathered at BTC Prague, Europe’s largest Bitcoin conference. This event was a melting pot of ideas, networking, and future visions, where both newcomers and experts explored Bitcoin from fresh perspectives. It was a testament to Bitcoin’s growing popularity and its increasing inclusiveness.

BTCX proudly participated, resulting in exciting collaborations and new directions. One standout initiative was the launch of Les Femmes Orange Stockholm, a local chapter of the global network now sponsored by BTCX.

Les Femmes Orange provides a safe space for women to explore Bitcoin from a female perspective. By supporting this network, BTCX underscores that Bitcoin is for everyone and that women have a vital role in the emerging economy - this is just the beginning.

As part of its inclusivity strategy, BTCX underwent a bold rebranding. The traditional orange gave way to a fresh pink identity - a statement signaling that Bitcoin is as much for women as it is for men. This transformation wasn’t just cosmetic; it symbolized a new era encouraging women to see Bitcoin as a tool for economic independence and financial empowerment.

Autumn: Trump, the Election, and Bitcoin’s New Highs

November began with Donald Trump’s victory in the U.S. presidential election, which had an immediate impact on the Bitcoin market. Trump’s pro-crypto policies and his pledge to make the U.S. a Bitcoin superpower fueled optimism among investors. A week after the election, Bitcoin surged over 30%, reaching a new all-time high.

November also featured Deutsche Telekom’s pilot project for Bitcoin mining using surplus energy from renewable sources. This initiative demonstrated how major corporations could combine sustainability and innovation within the Bitcoin ecosystem.

December: Bitcoin Hits Its Peak

By year-end, Bitcoin reached an all-time high of $103,000, marking a 133% increase in value over the year. This impressive growth reflects not only rising interest in the asset but also confidence in its future role within the global economic system.

2025: A Year of Opportunities and Regulations

Looking ahead to 2025, the landscape appears promising. Regulations like MiCA and DORA come into effect, expected to boost consumer and business confidence, standardize the crypto market, and enhance cybersecurity.

2024 was the year Bitcoin transitioned from an alternative investment to an integral part of the global economy. As we close the year and step into 2025, we do so with hopes for an even brighter future.

We wish you all a Merry Christmas and a New Year filled with opportunities!