BullDigest

Bitcoin was the top-performing asset in 2024, driven by new ETFs and potential deregulation under the Trump administration.
Price surge: Started at $40,000, reached nearly $94,000 by year-end, and peaked at over $108,000 post-election.

Bitcoin halving occurred on April 20, 2024 (block 740,000), reducing block rewards from 6.25 BTC to 3.125 BTC.
Historical trend: Halvings linked to price increases due to reduced supply and increased demand.

Global investable assets surpassed $200 trillion, with cryptocurrencies accounting for over $3 trillion (1.5% of the market).
Institutional investors embraced Bitcoin ETFs, with inflows exceeding $34 billion.
Bitcoin's role as a digital store of value and benchmark for crypto markets solidified.

Michael Saylor’s company held 193,000 bitcoins, making it the largest corporate holder globally.
Mark Cuban看好比特币的长期增长潜力，认为其可能取代美元成为全球储备货币。

Revenue doubled to $6.6 billion in 2024, with adjusted EBITDA reaching $3.3 billion.
Subscription services grew by 64%, driven by USDC, staking, and Coinbase One.
International revenue accounted for 19% in Q4, supported by localization efforts.

Rosenblatt Securities initiated coverage with a Buy rating on COIN, citing regulatory shifts and institutional adoption as key drivers.
While COIN ranks first among best Bitcoin stocks, AI stocks are seen as potentially more promising for short-term returns.

Potential US classification of Bitcoin as a strategic reserve asset could impact its market position.
Coinbase’s expansion into India aligns with growing crypto interest in emerging markets.

Bitcoin’s role as an alternative growth asset in the changing economic landscape is expected to grow.
Institutional adoption and regulatory clarity will likely drive further market expansion.

Bitcoin’s performance in 2024 highlights its growing influence in global markets, driven by institutional adoption and regulatory optimism.
The halving mechanism underscores Bitcoin’s scarcity model, enhancing its appeal as a store of value.
Coinbase Global’s strong financial performance and strategic moves reinforce its dominance in the crypto space.
Billionaire investors’ confidence in Bitcoin and Coinbase signals long-term potential, though competition from AI stocks remains a consideration.

Estimated market influence