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Bitcoin 2024 Timeline – ETFs, Halving, and Predictions
- January 2024: The approval of a Bitcoin ETF, akin to the GLD (Gold ETF), is a game-changer.
- February 2024: Following the approval, Bitcoin ETF trading commences, attracting a new wave of institutional and retail investors.
- March 2024: The potential for the first-rate cut in March 2024 signals a crucial juncture. This move, while typically aimed at stimulating the economy, also suggests caution, hinting at underlying economic challenges.
- April 2024: Bitcoin Halving in April 2024, a scheduled event reducing the reward for mining new blocks by half, is anticipated to impact its value significantly.
- May – November 2024: This period is expected to be marked by further rate cuts and increased liquidity, potentially fuelling more investment in Bitcoin.
- December 2024: Michael Saylor, the founder of Microstrategy, has highlighted the FASB’s decision to adopt fair value accounting for Bitcoin for fiscal years beginning after December 15, 2024.
Coinpedia Fintech News
Bitcoin Halving 2024: Why It Matters & What To Expect
Imagine a currency that is not controlled by any government, bank, or institution, but rather by a decentralized network of computers around the world.
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