Cryptocurrency: What to expect from this technology in 2024?

For various reasons, 2023 was a chaotic year in the short history of cryptocurrencies. After the confiscation of the fortune of Sam Bankman-Fried, one of the heroes of the industry, and the equally dizzying fall of Bitcoin, we still witnessed a record level of development of the most popular blockchains in the sector. Thousands of applications are being created all over the world, some of them will allow you to play on the Bitcoin casino site in complete safety, and about the measures taken by Toulouse and the casino to prevent addiction to gambling, including cryptocurrency, ask in this article - https://www.lesviolets.com/actu/mesures-adoptees-par-le-toulouse-fc-et-les-casinos-pour-prevenir-laddiction-au-jeu,73168.html. But what does 2024 have in store for this still nascent technology with promising intentions?

1. GREATER VOLATILITY

Monetary policy promises to be tight in 2024 as inflation is still far from the US Federal Reserve's 2% target. Also, when the Federal Reserve raises its rates, we usually see lower prices for risky assets, and Bitcoin is no exception. These higher rates also affect the average person's ability to afford various everyday items, especially the most expensive ones such as housing or transportation. The same applies to investments in currency and cryptocurrency markets.

2. IS THE END NEAR FOR BITCOIN?

At the beginning of the year, there are many rumors about the disappearance of Bitcoin. The most famous cryptocurrency in the world is singled out, which is considered one by one as an extinct currency, then as a scam, and finally as a useful technology. At the moment, it is difficult to comment on the future of Bitcoin. Most of this information comes from investors who saw the net worth of their transfers collapse almost instantly and who forgot why they started investing in the first place. For what it's worth, Bitcoin has been declared dead thousands of times, but the network hasn't wavered for a moment.
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3. MORE INSOLVENCY, MORE BANKRUPTCY

As in traditional financial markets, the "search for profit" often leads certain players to difficulties, sometimes irreversible. Leveraged positions and collective mindset investment strategies can pay off big during the euphoric phases of bull markets. However, when the situation changes, they can also increase losses to the point of irreparable damage. Crypto markets work the same way.

4. LESS CELEBRITY ENDORSEMENT

Celebrity endorsements go hand in hand with business success, especially in the Western world. Whether selling soda or software, international marketing teams rely on the image of public figures with loyal communities to promote their products. However, given recent actions by regulators, many public figures are likely to be more reluctant to receive checks for supporting crypto projects.

5. MORE REGULATORY CLARITY

Finally, regulatory bodies around the world are now focused on regulating cryptocurrencies. Anyway, that's what the Indian government announced after it chaired the G20 last December. With the development of new assets, there is a growing need to create common and meaningful rules for how we can interact with blockchain technology. At the same time, the regulation and security of cryptocurrencies will encourage more people to turn to these new forms of exchange.

Although many challenges seem to await us at the beginning of 2024, the coming years in the field of cryptography promise to be rich, exciting and promising.

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