$BTC *Bitcoin (BTC) 2024 Update

Bitcoin remains the dominant cryptocurrency, trading near $70K with a market cap exceeding $1.3 trillion. Key 2024 developments:

Institutional Surge: Spot Bitcoin ETFs now hold over 1 million BTC ($70B+), driving unprecedented Wall Street adoption .

Halving Impact: April’s supply cut reduced daily issuance to 450 BTC, intensifying scarcity amid rising demand .

Nation-State Adoption: Bhutan and El Salvador expanded mining operations; Venezuela added BTC to reserves .

Tech Upgrades: BitVM (Bitcoin smart contracts) and Lightning Network growth enhanced utility and scalability .

Macro drivers include Fed rate cuts, inflation hedging, and pro-crypto U.S. election policies. Despite volatility, analysts project $100K–$200K by 2025, citing ETF inflows and Bitcoin’s maturation as "digital gold." Risks: regulatory scrutiny (SEC lawsuits) and energy debates (75% now renewable) persist .

Key Stat: Bitcoin miners earn $1.1M daily in fees alone