The cryptocurrency industry, led by Bitcoin (BTC), has grown rapidly in 2024 to almost reach a valuation of $4 trillion before the ongoing market correction. Bitcoin price reached the coveted target of $100k in 2024 before retracing to trade about $92.7k on the last day of the year during the mid-London session.
The mainstream adoption of digital assets and web3 products has been catalyzed by institutional investors such as MicroStrategy Inc. (NASDAQ: MSTR) and Metaplanet Inc. (Tokyo: 3350). The approval of spot Bitcoin ETFs in the United States played a pivotal role in the ongoing bull market, after accumulating BTCs worth more than $106 billion in less than 12 months.
Franklin Templeton’s Prediction for 2025
According to a report by…
