Bitcoin ETF

Bitcoin

Notable

Source: Adobe / Bussarin 
<p>The crypto industry is anticipating a positive shift in 2024, with several key trends shaping the landscape.</p> 
<p>After a prolonged crypto winter, increased institutional demand and growing Bitcoin adoption are expected to drive innovation. Notable trends to watch include corporate involvement, Bitcoin-centric developments, and scalability across various blockchains. </p> 
<h2 id="1-scalability-solutions-rollups-take-center-stage-as-2024-crypto-trend">1. Scalability Solutions: Rollups Take Center Stage as 2024 crypto trend</h2>  
<p> Addressing transaction speeds and costs on the Ethereum and Bitcoin networks remains a priority.</p> 
<p>Rollup projects are expected to gain prominence in 2024, offering scalable solutions. These layer 2 blockchains aggregate multiple transactions into a single off-chain batch, reducing on-chain data processing and storage, resulting in more cost-effective and faster transactions.</p> 
<p>Among the projects expected to benefit from these developments are <a href="https://cryptonews.com/guides/best-no-kyc-crypto-exchanges.htm">decentralized exchanges (DEXs)</a> like PancakeSwap, Uniswap, and dYdX, with the latter recently passing $10 billion in trading volume.</p> 
<p lang="en" dir="ltr">dYdX Chain has officially passed $10 BILLION in trading volume just one month post mainnet launch &nbsp;lfggg <a href="https://t.co/KBWFnhBiZp">pic.twitter.com/KBWFnhBiZp</a></p> 
<p>— dYdX (@dYdX) <a href="https://twitter.com/dYdX/status/1743291203570020753?ref_src=twsrc%5Etfw">January 5, 2024</a></p>  
<h2 id="2-decentralized-infrastructure-growth">2. Decentralized Infrastructure Growth</h2>  
<p> Decentralizing web-hosting and cloud-storage systems have also been identified as a key theme for 2024 by experts like ByteTrade Lab CEO Frank Hu, who recently <a href="https://cointelegraph.com/news/rollups-corporate-demand-bitcoin-2024-crypto-business-trends" rel="sponsored">told</a> Cointelegraph: </p> 
<p>“Decentralizing frontends and backends is a critical issue, including when it comes to decentralized web-hosting and cloud-storage systems.”</p> 
<p> The growth of decentralized infrastructure is a response to the increasing demand for robust and secure decentralized solutions. </p> 
<h2 id="3-institutional-involvement-and-corporate-adoption">3. Institutional Involvement and Corporate Adoption</h2>  
<p> Institutional investors and traditional corporations are playing a significant role in shaping crypto trends.</p> 
<p>Coinbase’s November <a href="https://www.coinbase.com/institutional/research-insights/resources/education/2023-institutional-investor-digital-assets-outlook-survey" rel="sponsored">survey</a> revealed that 64% of institutional crypto investors plan to increase allocations in the next three years.</p> Source: Coinbase 
<p>Among other things, corporate involvement is driving projects that offer interoperability between Web2 and Web3, making it easier for entities to transition. </p> 
<h2 id="4-spot-bitcoin-etf-approvals-drive-business">4. Spot Bitcoin ETF Approvals Drive Business</h2>  
<p> The <a href="https://cryptonews.com/news/spot-bitcoin-etfs-approved-heres-how-crypto-executives-reacted.htm">approval of spot Bitcoin exchange-traded funds (ETFs)</a> is set to be a significant business driver in 2024.</p> 
<p>Anticipated variations of Bitcoin ETFs, including ETFs with built-in leverage and short ETFs (ETFs that rise in price when the underlying asset falls), are expected to enter the market, offering diverse investment opportunities.</p> 
<p>The excitement around Bitcoin is also likely to boost its use as collateral for Bitcoin-based loans like those offered by <a href="https://cryptonews.com/news/crypto-lender-ledn-partners-with-parallel-to-offer-fiat-free-real-estate-purchases-in-cayman-islands.htm">companies such as Ledn</a>.</p> 
<p>The same view was echoed in an annual <a href="https://blog.ledn.io/en/2024-founders-letter" rel="sponsored">letter</a> from Ledn founders Adam Reeds &amp; Mauricio Di Bartolomeo from early January: </p> 
<p>“In 2024, we expect even stronger growth for Ledn and our clients, on the back of imminent spot Bitcoin ETF approvals and the halving. […] Clients can expect to see new loan features as well as strategic partnerships that allow us to offer our lending services to new clients.”</p> 
<h2 id="5-disruption-in-social-media-platforms">5. Disruption in Social Media Platforms</h2>  
<p> Decentralized social media platforms are poised to disrupt traditional ones.</p> 
<p>Crypto-driven social platforms that enable transactions in a social context are under development, with one example being the <a href="https://cryptonews.com/news/apple-vs-zapple-pay-bitcoin-tipping-damus-app-challenges-app-store-policies.htm">Bitcoin-focused social protocol Nostr</a>.</p> 
<p lang="en" dir="ltr">Stella and Gabriel Assange just joined nostr </p> 
<p>More people are realizing that <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> and nostr are the only two truly decentralized and censorship resistant tools for freedom. <a href="https://t.co/52Et39kiqD">pic.twitter.com/52Et39kiqD</a></p> 
<p>— The Bitcoin Conference (@TheBitcoinConf) <a href="https://twitter.com/TheBitcoinConf/status/1708903440426967359?ref_src=twsrc%5Etfw">October 2, 2023</a></p>  
<p>The industry expects these platforms to find product-market fit, eventually replacing traditional social media. </p> 
<h2 id="6-regulatory-challenges-persist">6. Regulatory Challenges Persist</h2>  
<p> While the crypto industry anticipates positive developments, regulatory challenges remain a significant risk.</p> 
<p>As should come as no surprise, regulatory clarity in key markets is crucial for the mainstream adoption of crypto in all of the above-mentioned promising fields for 2024.</p>

2024 Crypto Trends: Rollups, Corporate Adoption, and Bitcoin-Centric Solutions

Table of Contents

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