Blockchain Insider Podcast by 11:FS 203. Insights: Our crypto predictions for 2024
19 snips
Jan 3, 2024 
AI Snips
Chapters
Transcript
Episode notes
2023 Crypto Regulation and Innovation
- 2023 saw US regulators respond strongly to crypto collapses like FTX and showed growing interest in stablecoins and digital fiat currencies.
- Innovation in Bitcoin, NFTs, DeFi, and real-world asset tokenization progressed but DeFi regulation remained limited.
NFT and Bitcoin Ordinals Impact
- NFTs have shifted from expensive collectibles to millions of low-cost micro NFTs, enabling broad social and digital asset use.
- Bitcoin's ordinals revived developer interest but also caused higher transaction fees, reflecting a growing ecosystem complexity.
Bitcoin's Decade of Super-Bitcoinization
- Bitcoin has experienced a super-Bitcoinization, appreciating over 5% monthly versus USD for a decade amid global currency depreciation.
- Factors like supply chain crises and long-term trends signal continued bullish momentum for Bitcoin despite economic uncertainties.