As we get ready for Bitcoin’s big event in April 2024, everyone’s guessing if this will stop the usual ups and downs Bitcoin goes through every four years. Daniel Polotsky from CoinFlip thinks that new things like ETFs (a way to invest in Bitcoin without buying it directly) and more interest from big companies could really change things for Bitcoin.

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• Daniel Polotsky from CoinFlip thinks that ETFs and more big companies might end Bitcoin’s cycle of big ups and downs every four years.
• Bitcoin’s price hit a new record high, and big companies are getting interested. This could mean a smoother ride for Bitcoin’s value.
• There might be some bumps in the road because of politics and the big Bitcoin halving in 2024. But these changes could make Bitcoin more popular around the world and start a new chapter for it.

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Bitcoin’s Big Change: Will It Grow Up?

This is all talked about in CoinDesk’s big “Future of Bitcoin” series, just in time for Bitcoin’s fourth halving. It’s not just about the price going up and down; it’s about a big change in how we see and use digital money, maybe starting a new chapter for cryptocurrencies.

Bitcoin is Doing Great

Lately, Bitcoin’s value shot up, reaching over $73,000 in March, thanks to people getting excited about the halving and the U.S. saying yes to Bitcoin ETFs. Big names like BlackRock getting into Bitcoin shows that serious investors are now paying attention, making Bitcoin more legitimate and easier for regular people to buy.

This makes investing in Bitcoin simpler and more stable, attracting more and different kinds of investors. Even though some people are still unsure, many think Bitcoin’s value could go way up, between $150,000 and $250,000 for each coin. This big move from investors could change how Bitcoin’s value goes up and down, leading to more growth and new things in the digital money world.

Some Hurdles Ahead

But there are some challenges ahead. Things like inflation and slow economic growth could slow down the excitement around cryptocurrencies. The Bitcoin mining business is also getting ready for the halving in 2024, which could make things tough for miners and might even lower Bitcoin’s price.

Elections in 2024 could also make things uncertain, as new rules for cryptocurrencies might change depending on who wins.

A New Way Forward?

The new interest from ETFs and big investors might make the halving event less of a big deal than before. This means we might see a more steady growth in cryptocurrencies, moving away from the big ups and downs we’ve seen in the past.

This could mark a shift from the original idea of cryptocurrencies, which was about keeping control away from big companies and banks, towards a future where big investors play a bigger role. This might help make Bitcoin more popular worldwide, like what happened in El Salvador, and start a new phase of acceptance.

This big change could make the cryptocurrency market more stable, letting companies focus on long-term goals instead of just trying to ride the waves of market changes. While this might mean less of the crazy highs, it also means avoiding the big lows.

Looking to the Future

As we stand at the edge of possibly big growth for the cryptocurrency market, this moment might be seen as the end of the early, wild days and the beginning of a more grown-up phase.

For those who want to keep up with these changes, our newsletter offers the latest news and insights. Don’t miss out on understanding the new trends and breakthroughs in this exciting area.