The acceptance of cryptocurrencies is growing all over the world, with each passing day we are more and more assured of the fact that in this 2024 something has changed in the minds of people who previously looked at cryptocurrencies such as Bitcoin with doubt and disbelief, even some of the most critical of this alternative to the financial system, now have a softer discourse as far as Bitcoin is concerned. Big investors know what is happening in the financial world and have set their sights on the gateway to the crypto world that is Bitcoin, which will help the ecosystem grow faster than expected.
Source
German Parliament and Bitcoin
One of the news that has caused me a lot of interest this week, is that in the German parliament have had their own Bitcoin event, for months, there are parliamentarians of the first economy of the EU in favour of cryptocurrencies and this type of event makes it forecast further progress in adoption and investment in terms of the European country, as well as the development of new service companies in this area.
Although it was a purely informational and educational event, the assumption that this type of approach reflects is that Germany can see the value and utility of blockchain technology as an increasingly viable alternative to the solid problems in the traditional financial system.
This may be a sign to the world that the European Union's largest economy wants to know more about Bitcoin and blockchain technology. If Germany sees Bitcoin in a positive light, other regions may also begin to look to Bitcoin and some altcoins as possible solutions to the economy, whether in Latin America, Asia or Africa.
Source
El Salvador is one of those great examples that, despite heavy criticism, went ahead with its Bitcoin plan. Now that the balance is in the black, few can dare to criticise El Salvador's position of having repeatedly bought Bitcoin and kept them.
Possibly, we will soon hear more news about the approach of governments to cryptocurrencies and Bitcoin, leaders have realised that they cannot ignore blockchain technology, cryptocurrencies and decentralisation either, ordinary people and now investors are increasingly convinced about a crypto future.
Bitcoin and Donald Trump
One of the influential people who has also softened his discourse on Bitcoin is former US President Donald Trump, who is positioning himself as a candidate for the new elections in the US. This legendary businessman has gradually lowered his level of criticism towards Bitcoin, understanding that more and more people want to pay with BTC and that both acceptance and adoption have become unstoppable in 2024.
One of the moments I remember from Trump's current campaign, is when he mentioned that under his mandate a CBDC would not be created, which he mentioned as a danger for the same population, since it loses control of the money, remember that the central bank of the United States is a private bank, if the CBDC is carried out by the FED, this would have even more power over the economy not only of the United States, but of the whole world.
For many, Donald Trump has softened his rhetoric to gain acceptance among voters in the tech and financial niche through a non-committal acceptance of Bitcoin.
Trump has reiterated that for him the primary currency remains the dollar, but with a speech on Bitcoin in which he states that this digital asset will continue to be introduced not only in the retail market, but among large institutional companies. Confidence in the US dollar is in trouble and this is something that ordinary people are increasingly accepting, the candidate understands.
Donald Trump understands that one of the options is to use Bitcoin as an alternative to the growing "bomb" growing in the US economy, a bomb that means the public debt. Bitcoin, as a decentralised currency, can be an alternative for investors in the face of the distrust generated by the growing US debt, and perhaps the right path is not to fight against it. This must be understood by any candidate for the US presidency.
Source
Blockchain and Bitcoin Services Companies.
As I have mentioned on several occasions, the Bitcoin spot ETFs are starting a new phase for the crypto ecosystem, which would be an institutional phase that, although it begins with BTC, will also have an impact on the altcoin, the ETFs will make the institutions look at Bitcoin and inject capital, and the laws in this area should be formulated, and then we will have an explosion of new and powerful companies on blockchain services that can expand around the world in the blink of an eye.
Undoubtedly one of the paths that many companies will follow this year is blockchain services, of course, aligned to the law, but which will surely be an important economic focus, even in other parts of the world such as in Europe, where the boom can surely start in Germany and expand throughout the old continent. This is not to say that there are no such companies today, but a major boom is expected after the publication of new laws and regulations around cryptocurrencies.
Source
New Bull Run and More Acceptance
It is indisputable the fact that a new bull run will see acceptance and adoption increase this year, investor sentiment of being left out of one of the investments in technology, decentralisation, over a currency limited in supply and value in transactions, is an argument that this year cannot go unnoticed, in that sense, everything points to an accelerated 2024 and with Bitcoin gaining a lot of ground, both political and financial terrains an important year that can lay the foundations for a crypto future.
Posted Using InLeo Alpha
this year is really an important year to the future of bitcoin, blockchain and crypto industry at large. Looking from the ETF, Google ads and the upcoming halving. The setting is creating FOMO in a lot of sectors who are turning to know more in the process and will likely lead to massive adoption. Indeed, altcoins won't be left out.