It is a 'hello world' and a 'happy new year' article to introduce myself and to start my content creating on Binance.
What to expect for 2024? Let's watch the trends and events awaiting us on this year.
Macro trends
First of all, this year will be marked by a likely pullback of inflation to 2% in the United States of America and Europe. The central banks, to reduce the inflation toward this target range of 2%, need to consider a pause, already done by the Federal Reserve and the European Central Bank, then a quantitative tightening.
In France, the country where I live, banks have reduced the barriers for a mortgage, as interest rates are forecast to fall.
Bitcoin could benefit from the quantitative tightening, stocks too, as bonds become unattractive.
The 'soft landing' of the inflation can benefit Bitcoin and crypto assets.
The halving and its catalysts
As four years came to an end, Bitcoin's halving is near and the crypto market is pushed by a catalyst: the Spot Bitcoin ETF approval in the United States of America. These two events can push the entry of the institutional investors further into the crypto market.
The 2020 halving saw Coinbase's IPO. This time, USDC-issuer Circle is said to make an IPO. Another catalyst on this next awaiting bull run.
Bitcoin halving is when the reward for bitcoin mining is cut in half, and takes place every four years. The halving policy was written into bitcoin's mining algorithm to counteract inflation by maintaining scarcity.
Source: Forbes
This expected incoming Bitcoin halving is a moment of opportunity to push the market farther. First, the institutional investors are coming in with an awaited IPO and a new financial product. Then, this moment is the occasion to push the boundaries of blockchain farther with the rise of projects unknown before but benefiting by the bull run, such as Layer-2 like Arbitrum and Skale, and new fresh projects introduced during the halving.
An event: Bitcoin halving. A market and a technological catalyst, as a consequence.
Conclusion
As a conclusion, the pullback of inflation with its 'soft landing' and the Bitcoin halving are the most awaited events on this year as new all-time-high and a new price discovery of Bitcoin can push the crypto market farther: on one side, a market catalyst and, on another one, a technological catalyst.
Happy New Year and Hello World!
