Blockchain Insider Podcast by 11:FS 203. Insights: Our crypto predictions for 2024
19 snips
Jan 3, 2024 
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NFT and Bitcoin Ordinals Impact
- NFTs have shifted from expensive collectibles to millions of low-cost micro NFTs, enabling broad social and digital asset use.
- Bitcoin's ordinals revived developer interest but also caused higher transaction fees, reflecting a growing ecosystem complexity.
Bitcoin's Decade of Super-Bitcoinization
- Bitcoin has experienced a super-Bitcoinization, appreciating over 5% monthly versus USD for a decade amid global currency depreciation.
- Factors like supply chain crises and long-term trends signal continued bullish momentum for Bitcoin despite economic uncertainties.
Crypto Adoption and Global Power
- Emerging economies and much of the world are increasingly adopting crypto as an alternative to control by US and Chinese authorities.
- Crypto becomes a key strategic asset in places like El Salvador, Bhutan, Dubai, and Singapore, forming a tri-polar global reserve currency dynamic.