CandleFocus Bitcoin Is Having Its Best Year Ever
2024-10-30
Author: Content Editor
The article predicts that 2024 will be remembered as the year Bitcoin transitioned from being seen as "magic internet money" to a legitimate institutional investment and financial asset. It highlights several pieces of evidence supporting this claim, including pension funds and university endowments investing in Bitcoin, the launch of a US Bitcoin ETF, major Wall Street firms like BlackRock buying Bitcoin, and a leading US presidential candidate expressing support for Bitcoin as a monetary reserve asset. The author views this institutional embrace as a breakthrough moment for Bitcoin, although some Bitcoin pioneers may have reservations about this trend.
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