The year 2024 comes to an end. It was 12 months of constant change generated by a series of events that took bitcoin (BTC) to new heights, setting several all-time highs in a matter of two months.
This closes a period that began with the recognition and a boost obtained thanks to the approval of spot bitcoin ETFs in the United States. Issuing companies such as BlackRock and Fidelity began buying BTC, while a wave of institutional investments never seen before was unleashed.
Satoshi Nakamoto’s creation gained more and more value throughout 2024, to the point that the fourth halving, the event that every 4 years reduces miners’ rewards by half, had particular characteristics: the price increase was anticipated. Although the most important milestone came at the end of the year with BTC exceeding USD 100,000 after Donald Trump’s victory in the United States presidential elections.
All of these events occurred in a context marked by increasing adoption and a growing relationship between bitcoiners and politics. Although the situation was not without negative news, with the imprisonment of some developers and setbacks for miners in countries like Paraguay and Venezuela. This, while El Salvador reached a historic agreement with the International Monetary Fund (IMF) without having to give up bitcoin.
We are going to explain this and more to you in our annual summary. And if you missed some of the most relevant news of the week, don’t worry, we also compiled them for you with our informative menu.