How crypto improved in 2024
The crypto sector saw significant improvements in 2024. One major milestone was Bitcoin's surge above $100,000 for the first time ever.¹ This achievement signals a shift in global adoption, with Bitcoin becoming increasingly recognized as a legitimate financial asset by central banks, corporations, and governments.
Institutional investment in Bitcoin also grew, with major financial institutions like Bernstein Private Wealth Management and Standard Chartered predicting that Bitcoin could reach $200,000 by late 2025. This influx of institutional money has contributed to Bitcoin's growing credibility and staying power.
Additionally, regulatory environments are becoming more crypto-friendly, with the proposed BITCOIN Act aiming to establish a U.S. strategic Bitcoin reserve. This development could further legitimize Bitcoin and attract more institutional investment.
Overall, 2024 has been a remarkable year for the crypto sector, marked by significant price milestones, growing institutional investment, and shifting regulatory landscapes.
