Bitcoin's trajectory in 2024 is expected to be shaped by key events and institutional investments.

From Nasdaq:

Bitcoin has had a transformative 15-year journey, with significant events like the creation of the first Bitcoin exchange and recent approval of spot Bitcoin ETFs on Wall Street shaping its trajectory. As Bitcoin heads toward its fourth halving, historically a catalyst for price appreciation, the involvement of big institutional investors like BlackRock and Fidelity could lead to explosive growth.

MicroStrategy’s embrace of the “Bitcoin standard” has seen the company accumulate a significant portion of Bitcoin, resulting in a massive unrealized gain and a surge in stock price. With other companies likely to follow suit, the Bitcoin standard could become a staple on corporate balance sheets, potentially altering Bitcoin’s trajectory for the better in the next bull market.

El Salvador’s decision to make Bitcoin legal tender has seen positive economic outcomes, including annual growth and a substantial gain in Bitcoin holdings. If more countries follow El Salvador’s lead, particularly ones seeking to circumnavigate economic sanctions or assert their global presence, Bitcoin’s trajectory could reach unimaginable heights during the current crypto bull market.



Read more at Nasdaq: 3 Events That Will Affect Bitcoin’s Trajectory in 2024