2024 has been one of the most positively eventful ever in the history of crypto, with three key occurrences that are likely to be remembered as particularly significant. First, the launch of spot Bitcoin ETFs back in January, followed also by spot ETH ETFs mid-year. Second, the election in November of a US president who is openly supportive of crypto and has clearly signalling a crypto-friendly approach, and third, bitcoin in December breaking the milestone $100,000 price target.
From that basis then, let’s look at some predictions about what may be incoming in 2025, and try to assess whether next year will be as ground-breaking for crypto as 2024 has proven to be.
Strategic Bitcoin Reserve Splits Opinion
Speaking at the Bitcoin Conference 2024 back in July, Trump made pledges to stockpile bitcoin, leading to speculation about a US strategic bitcoin reserve, but is this actually viable or beneficial for the US? Currently, it still seems like a long-shot, and what’s more, it’s dividing opinion even among BTC advocates.
The national debt grows every day thanks to Washington’s spending addiction. My strategic bitcoin reserve constructs a resilient financial system to eliminate the debt. We need the #BITCOINAct ! https://t.co/nQtI4RuQ6F
— Senator Cynthia Lummis (@SenLummis) December 19, 2024
On the one hand, we have Senator Cynthia Lummis driving momentum in favor of the idea, while at the same time, Nic Carter–who is well known for his early exposal of the alleged anti-crypto banking strategy known as Operation Choke Point 2.0–is presenting the case against establishing a bitcoin reserve strategy.
While we can’t yet know how this one plays out, it’s likely that debate will heat up as Donald Trump’s inauguration nears, and we might see increased reference to potential competition from other BTC-holding nations.
Also, regardless of whether speculation about a bitcoin reserve actually leads to a concrete plan, there is no doubt that a firmly pro-crypto administration is on the way, with David Sacks taking on a new role as AI and Crypto Czar, Scott Bessent as Treasury Secretary, and Howard Lutnick as Commerce Secretary.
ETFs Carry On From Explosive Start
The spot Bitcoin ETFs that launched in January 2024 now collectively hold over $110 billion in assets under management, while the spot Ether ETFs that followed in July have topped $12 billion in assets under management, and we can expect that this explosive start for the Bitcoin products, with…
