A Year in Review: Reflections on the Crypto Industry’s Progress

As we bid farewell to 2024, it’s essential to reflect on the significant milestones achieved in the cryptocurrency space. The year was marked by notable events, including the approval of the Bitcoin spot ETF by the US SEC, the Bitcoin halving, and the launch of Ethereum ETFs. These developments have further bridged the gap between traditional finance and the crypto industry.

Whales Accumulate Bitcoin

The year also saw a surge in market confidence, particularly during the US election, where encryption-friendly policies took center stage. This led to a significant increase in Bitcoin’s value, exceeding $100,000 for the first time in early December. The market value of stablecoins also surpassed $200 billion, marking a new peak for the industry.

Bitget’s Growth and Achievements

For Bitget, 2024 was a year of rapid growth and expansion. The platform now boasts over 45 million users, solidifying its position as the fourth-largest crypto exchange globally. This success can be attributed to the team’s dedication to excellence and strategic decision-making.

Team Upgrade and Token Listing Strategy

The appointment of senior executives, including Chief Legal Officer Hon Ng and Chief Business Officer Min Lin, has strengthened the team’s capabilities. The platform’s research and currency listing team has also been instrumental in identifying and listing high-quality crypto assets, with over 800 assets supported as of December 30, 2024.

The Need for Technological Innovation

While the industry has made significant progress, there is still a need for more real technological innovation. The lack of killer applications with over 100 million users is a notable gap. The development of SocialFi, DEPIN, and GameFi products with tens of millions of users will be crucial in demonstrating the value of blockchain technology.

Building Trust and Creating Universal Applications

To achieve widespread recognition and respect, the industry must focus on building trust with the public, regulatory agencies, traditional financial systems, and mainstream markets. Creating truly universal applications with users and scenarios will be essential in showcasing the potential of blockchain technology.

A Message from Bitget’s CEO

As Bitget’s CEO, Gracy Chen emphasizes the importance of perseverance and long-termism in the face of challenges. The team’s efforts, along with those of partners and users, are laying the foundation for the industry’s future growth. Chen believes that the day when the world unanimously recognizes the value of blockchain technology is not far away.

Conclusion

In conclusion, 2024 was a remarkable year for the cryptocurrency industry, marked by significant milestones and growth. As we look to the future, it’s essential to focus on technological innovation, building trust, and creating universal applications. With perseverance and dedication, the industry will continue to evolve and make a lasting impact on the world.

Source: M.theblockbeats.info

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