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Bitcoin's Fortunes: The Year In Review


Published on 2024-12-16 03:21:07 - Forbes
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  • It's fair to argue that 2024 will mark a turning point for bitcoin. After over a decade of being viewed as a speculative novelty, digital assets such as bitcoin have become recognised as a legitimate asset class and a viable portfolio option.

The article from Forbes Advisor AU provides a comprehensive review of Bitcoin's performance and developments throughout 2024. It highlights Bitcoin's significant price surge, reaching new all-time highs, driven by increased institutional adoption, regulatory clarity, and macroeconomic factors like inflation concerns. Key events include the approval of Bitcoin ETFs in major markets, which facilitated greater investor access, and the Bitcoin halving event which historically reduces the supply of new bitcoins entering the market, potentially increasing its value. The article also discusses the impact of technological advancements in blockchain, such as improvements in scalability and security, and the growing acceptance of Bitcoin as a legitimate asset class by financial institutions. Additionally, it touches on regulatory developments, with some countries moving towards clearer crypto regulations, while others imposed restrictions. The narrative concludes with an outlook for Bitcoin, suggesting continued growth potential but also cautioning about market volatility and the need for investors to stay informed about global economic trends and regulatory changes.

Read the Full Forbes Article at:
[ https://www.forbes.com/advisor/au/investing/cryptocurrency/bitcoin-2024-year-in-review/ ]