I know that’s a big statement, but really, the more I thought about it, the more convinced I became — looking back, 2024 will be remembered as the defining year for Bitcoin, the year Bitcoin went from magical internet money to real currency. Institutional investment and financial assets.
The evidence is overwhelming:
– Retirement funds and University endowments Dedicated to Bitcoin.
– The long wait for a US Bitcoin ETF is over.
– Bought giant Wall Street companies like BlackRock.
Larry Fink has changed his approach when it comes to Bitcoin.
But most important of all, one of the leading US presidential candidates said he would make Bitcoin a monetary reserve asset. Now read what I wrote again.
Naturally, some Bitcoin pioneers lament and are embarrassed by this institutional embrace. Some say Bitcoin is betraying its roots.
But for me, 2024 was the great year we had been waiting for. I got into Bitcoin in 2016, and I feel like we’re finally here this year I crossed the chasm.
Sure, whether Bitcoin survived the 2013 Mt.Gox hack, survived the 2017 Fork War, or even El Salvador’s adoption of Bitcoin as legal tender in 2021 are all pivotal.
All of these were big victories for our culture and industry. But, this year, we finally saw it Our enemies give up. As someone from India, I have long viewed Washington and Wall Street as the center of the global power structure.
I know the world will follow in their footsteps.
So, it’s a relief to see Wall Street and Washington finally recognizing and acquiescing to the power of Bitcoin. For many around the world, this is a real sign that things are about to change.
This article is a takes. The opinions expressed are entirely those of the author and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.