I am Sheikh Refath Zaman. We, the analysts of Bitchain Insider, have been analyzing Bitcoin’s shift, trends, and pivotal moments since 2016. Now I am providing you with a deeper understanding about
”Why We, the analysts of Bitchain Insider, are thinking that Bitcoin is passing its best year (2024) ever in cryptocurrency history.”
Now, we, the Bitchain Insider, can tell that 2024 has already been a landmark year for Bitcoin. Bitcoin has changed from “Internet Money” to a recognized “Institutional Asset.”
In 2024, Bitcoin has already made a big change. In the previous
year, Bitcoin was just a “High-Risk-Investment ”. But now the High-Risk-Investment is turning into something serious, like
- Something Pension Funds
- University endowments
- The most important thing is that big asset-managing companies are putting in their portfolios in Bitcoin in 2024.
In the recent past, some big institutions were saying that Bitcoin is so volatile and they ignore Bitcoin for investment.
But now, in 2024, they are treating it as a “Financial Asset” and “Traditional Investment”.
We think that, “This shift means that Bitcoin is trusted not only by retail investors but also trusted assets for the big players in the worldwide financial market.
Now, we, the analysts of “BITCHAIN INSIDER,” are describing 4 Key Secrets about “Why Bitcoin is Having Its Best Year Ever”
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Pension Funds and University Endowments Investing in Bitcoin:
In 2024, we, the analysts of “Bitchain Insider,” see that many pension funds and university endowments have started their investment in Bitcoin. Many think that Bitcoin is the protection against “inflation.” Again, many of them are thinking of Bitcoin as “Digital Gold”.
“Nowadays, inflation is a major problem. Most people are looking for investments like gold.
Traditionally, people and this type of institution saw only “gold” as a hedge against inflation in the recent past. Because the supply of gold is limited in the world.
But now, in 2024, Bitcoin has become the most popular option. Because the supply of Bitcoin is also limited in the world. The supply of Bitcoin is up to 21 million. It means that it can’t be printed or inflated.”
For instance, in recent years, high inflation rates have affected the U.S. dollar and other currencies. So, some large funds have turned to Bitcoin to help preserve their wealth. Just like institutions have historically bought gold as a hedge against the devaluation of fiat currency,
We know that these institutions are very sensible and cautious with their investments.
Their decision to invest in Bitcoin is a massive factor in the future of Bitcoin. People around the world are becoming more interested in cryptocurrency in 2024.
This shift is very important. Because pension funds and endowments arrange a huge amount of money. Then they analyze and find stable and reliable assets. Then they invest their whole amount in that asset for the long term.
So we can tell that, when these very cautious and sensible institutions invest their money in Bitcoin, they must find the real and long-lasting value in Bitcoin.
Their involvement also indicates that the reputation of Bitcoin is increasing rapidly. Bitcoin is changing from a High-Risk Asset to a Most Valuable Asset.
So, soon, Bitcoin must hold a place in any well-rounded portfolio.
2. The Long-Awaited Approval of a US Bitcoin ETF:
Investors have been waiting for many years for the US government to approve Bitcoin’s ETF. On January 10, 2024, the U.S. Securities and Exchange Commission (SEC) approved the listing of the first-ever spot Bitcoin Exchange Traded Funds.
Bitcoin ETF helps people invest in Bitcoin without 3 major problems. They are
- Without the hassle of buying it physically
- Without storing it physically by themselves
- Without the hassle of securing the cryptocurrency by themselves.
- So, now anyone can buy Bitcoin in ETF. We know that trading a Stock is very easy. In 2024, investing in Bitcoin is also easy, like trading a stock. So ETF is a game-changer fact for Big institutions and Everyday Investors.
So It can be said that,
An ETF allows more people to invest in Bitcoin. For investment, people do not need to understand the technical side of crypto. Like wallets or private keys.
This must help and satisfy those people who are very afraid of stealing their digital assets.
In the previous years, there have been many examples of stealing cryptocurrency assets.
ETF has solved this problem permanently.
So, for the people who are cautious about diving into Bitcoin directly, the ETF will make Bitcoin much more accessible for every kind of investor in 2024.
This accessibility could attract a huge “influx of capital (a large amount of money )” from both individual investors and big institutions.
This large amount of investment adds to Bitcoin’s market's 2 most important things. They are:
- Significant “Liquidity” (the ease of buying and selling without big price changes)
- More Stability. So, we can say that ETF would help the maturity of Bitcoin from a risky asset to a reliable asset.
3. BlackRock and Titans of Wall Street make a big move in buying Bitcoin (2024) :
All crypto enthusiasts know about BLACKROCK, one of the biggest financial platforms. Already BLACKROCK has shown a real interest in Bitcoin after the ETF approval.
Also, BLACKROCK is the largest asset manager in the world. They have already begun to invest in Bitcoin.
“BlackRock’s holdings in Bitcoin have recently surged, reaching an estimated 369,640 BTC, which is worth over $24 billion as of the latest available data. This significant investment represents around 1.76% of the total Bitcoin supply and reflects BlackRock’s increased engagement in the cryptocurrency market through its iShares Bitcoin Trust (IBIT) fund.” SOURCE: https://finbold.com/worlds-largest-asset-manager-blackrock-holds-24-billion-in-bitcoin/
BLACKROCK is backing Bitcoin. It is increasing the confidence of other people and institutions. Thus, a huge amount of money comes into the market. This large amount of money makes the crypto market more stable.
4. CEO of BLACKROCK, Larry Fink’s Shift on Bitcoin:
We all know that Larry Fink is the CEO of BLACKROCK. It is the world’s largest asset-managing institution.
So, we, the analysts of Bitchain Insider, can easily imagine the impact of large funds on any investment asset.
Before a few years, Larry Fink viewed Bitcoin as just a volatile asset. He also thought that Bitcoin was too risky and speculative for large-scale investors.
But now, in 2024, he promotes Bitcoin as a global currency. He also suggests Bitcoin as a reliable asset.
Fink’s new perspective on Bitcoin has made a “ripple effect (how one action causes a series of other effects)” across Wall Street. Some investment companies previously felt hesitant. But after Blackrock and Fin’s move, they reconsider their stance on Bitcoin.
In this way, Finks inspires all the crypto enthusiasts to invest in Bitcoin. We, the analysts of Bitchain Insider, think that the massive support signals that Bitcoin is changing from a niche asset to a mainstream investment. Bitcoin is solidifying its role in global finance.
