2024 - Three Major Developments That Spurred Crypto Adoption

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Hi everyone. In the year 2024, three major developments significantly spurred the crypto adoption.

The approval of spot Bitcoin and Ethereum ETFs by the Securities and Exchange Commission of the United States marked a pivotal moment, attracting institutional investments and boosting confidence of the market with the price of Bitcoin soaring past $100k.

Following the approval, Ethereum and Bitcoin ETFs saw a surge in investment; with estimates indicating that up to $15 billion might go into Ethereum alone, mirroring the success seen with Bitcoin ETFs.

These ETFs' regulatory endorsement strengthened the perception of crypto as legitimate assets, increasing investor confidence and causing prices to soar.

A clear regulatory framework was provided by the Markets in Crypto-Assets (MiCA) regulations, enhancing investor protection and fostering trust in the European cryptocurrency sector.

The United States presidential election of 2024 saw record donations from the crypto industry, underscoring its growing influence in politics and garnering mainstream attention.

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