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Tales from the Crypto?

Dec 7, 2023
Trying to look past a scandal-plagued market slump, cryptocurrency advocates are saying we’re at the start of a bull run.

Trying to look past a scandal-plagued market slump, cryptocurrency advocates are saying we’re at the start of a bull run. 

According to a report on CNBC: "Executives in the cryptocurrency industry called the start of a new bull run with a growing number of voices calling for fresh all-time highs for bitcoin in 2024 above $100,000. Bitcoin has rallied more than 120% this year, with many optimistic about the surge continuing into 2024."

“It feels that [2023] was a year to get ready for the bull run that is yet to come. But the sentiment is very hopeful for [2024] and 25,” Pascal Gauthier, CEO of Ledger, told CNBC last week in an interview.

Investors are hoping for "a bitcoin exchange-traded fund, or ETF, might be approved soon. This could bring in larger traditional investors who previously did not want to touch crypto,” according to the article. 

If it is indeed rising again, crypto has significant implications for real estate. 

"Real estate, being an asset-heavy industry, has also embraced cryptocurrency. The integration of blockchain technology has streamlined property transactions through the elimination of intermediaries, reducing costs and time,” reports Entrepreneur

And in the context of economic development, Miami, Florida has pronounced itself a crypto capital

Cryptocurrency
David Harrison