Bitcoin hits a new high, AI leads innovation, stablecoin volume surpasses credit cards, public chain upgrades drop transaction costs.

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2024 Crypto Market Report: Bitcoin Soars, AI Leads Innovation

Bitcoin hits a new all-time high, spot ETF achieves great success

In 2024, Bitcoin prices reached a historic high. The Bitcoin spot ETF became one of the most successful ETF products in history, raising over $4 billion on its first day of trading. After the 4th halving, the annual inflation rate of Bitcoin dropped to about 0.9%, lower than the long-term supply growth rate of gold. Although the halving resulted in a reduction of miners' income by half, the Bitcoin network's hash rate still reached a new high, demonstrating miners' strong confidence in the long-term outlook.

Bitcoin's daily trading volume soared, thanks to the launch of the Runes protocol. In 2024, Bitcoin successfully absorbed the massive selling pressure brought by the German government's and Mt. Gox's liquidation. More and more listed companies started holding Bitcoin on their balance sheets, with the total value increasing from $11 billion in 2023 to $55 billion.

The realized capitalization of Bitcoin ( or cost basis ) grew by 86% in 2024, reaching $811.7 billion. The trading speed of Bitcoin has dropped to the lowest in 14 years, and the supply held for over 3 years has reached an all-time high, highlighting its value storage properties.

A certain institution predicts that Bitcoin is expected to reach 1.5 million dollars by 2030.

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The acceleration of AI computing power leads innovation across multiple fields

By 2030, AI computing performance is expected to improve by more than 1000 times per dollar. AI is driving rapid advancements in multiple fields such as autonomous driving, drug development, and software engineering. Advances in neural networks will bring at least a tenfold increase in value for six out of fourteen other technologies.

AI agents will reshape consumer interactions and business workflows. By 2030, AI advertising revenue could account for over 54% of the digital advertising market. AI agents may facilitate nearly $9 trillion in global online consumption. Digital wallets are expected to account for 72% of all e-commerce transactions by 2030 after adopting AI procurement agents.

In enterprises, AI agents will enhance productivity through software. AI customer service products launched by companies like OpenAI and Salesforce are replacing human customer service in a cost-effective manner. AI is reshaping the software value chain and accelerating the software development cycle. By 2030, global software spending growth could accelerate from an average of 14% over the past decade to 18%-48%.

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Stablecoin trading volume surpasses Mastercard and Visa, becoming the fastest-growing digital asset.

In 2024, the annual trading volume of stablecoins will reach $15.6 trillion, which is approximately 119% and 200% of Visa and Mastercard, respectively. Tether and Circle dominate the stablecoin market, collectively accounting for 90% of the total supply. The supply of stablecoins is $203 billion, accounting for about 0.97% of the M2 money supply in the United States.

Stablecoins are aligning with the US dollar, while some countries are gradually abandoning the dollar. Stablecoins account for 35%-50% of on-chain trading volume, with US dollar stablecoins making up over 98%. Retail investors are flocking to Layer 2 for cheaper stablecoin trading. Peer-to-peer trading and personal wallet storage are the main uses of stablecoins.

The four major stablecoin issuers dominate digital asset revenue. Tether's profits reached as high as $5.2 billion in the first half of 2024, making it one of the most capital-efficient businesses. Stablecoin issuers are transferring part of the risk-free interest rates to users.

It is expected that by 2030, the proportion of stablecoins in the global M2 supply may increase from 0.17% to 0.9%, becoming the 13th largest circulating currency in the world.

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!["Wood Sister" Heavyweight Encryption Report: Bitcoin will reach 150

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IronHeadMinervip
· 07-25 17:10
The bull run has started, it's time to charge.
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DefiEngineerJackvip
· 07-24 20:28
ngmi with stablecoins ser... just wait till zk proofs hit
Reply0
CommunityLurkervip
· 07-24 20:28
AI? It feels like just a gimmick.
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HodlVeteranvip
· 07-24 20:28
The seasoned driver who was hit by a 50% Slump in 2018 has spoken, do you all still want to chase the price? Just look at the speed of the bull run.
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AirdropHunter007vip
· 07-24 20:27
Stable, the crypto world is about to To da moon.
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DAOdreamervip
· 07-24 20:23
Wife, come quick, BTC is skyrocketing!
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GasFeeNightmarevip
· 07-24 20:19
The crypto world is about to da moon again, right?
View OriginalReply0
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