The approval of spot bitcoin ETFs by the SEC marked a turning point in Bitcoin's journey, catalyzing significant interest and investment inflows, particularly from BlackRock.
Bitcoin's price trajectory is the primary driver of its adoption; rather than its utility, the rising price attracts new investors, capital, and public attention.
The approval of bitcoin ETFs led to a surge in institutional interest, transforming Bitcoin from a niche asset into a mainstream investment backed by major players in finance.
Key events in 2024, including ETF approvals and corporate adoption, effectively shifted the narrative around Bitcoin, signaling a new era of acceptance and legitimacy for the cryptocurrency.
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