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- đ„ 2024 year in review đ
đ„ 2024 year in review đ
The year of the crypto ETF, memecoins, and Vitalik getting a girlfriend...
Todayâs edition is brought to you by Nexo â the platform to grow, manage, and preserve your crypto wealth.
GM. This is Milk Road â we just looked back on 2024 and shed a single tear of happiness (like your dad when he looks at his front lawn).
Hereâs what we got for you today:
âïž 2024 year in review
âïž Honorable mentions
đïž The Milk Road Show: 2024 in Crypto: The Year That Changed Everything w/ Kyle Reidhead
đȘ Uniswapâs layer 2 is expected to launch early 2025
2024 YEAR IN REVIEW đ
Itâs that time of year!
The time when we look back at the long and winding (milk) road we traversed in 2024.
Letâs break this sucker into two parts:
The major events
The honorable mentions
Starting with major eventsâŠ
1/ 2024: The year of the crypto ETF
The Bitcoin ETFs have absorbed $36.1B worth of net-inflows so far this year
Meanwhile, the $ETH ETFs have recovered from a rocky start to pull in net-inflows of $2.3B
Bringing the total net-inflows of the US-based crypto ETFs up to $38B+.
A MASSIVE outperformance compared to the initial TradFi predictions of $10B of net-inflows (for the $BTC ETFs alone) at the beginning of 2024.
2/ Narrative of the year: Memecoins
$WIF was the first big memecoin of 2024 to really kick the hornetâs nest, reaching a $4B+ market cap within four months of its launch!
From there, insanity ensued â fueled in large part thanks to Pump.Fun, which was pulling in up to $93M in monthly revenue at one point!
Due mostly to its livestream feature âbringing the weirdâ in bulk. đ
Oh, and we saw our first AI-chatbot-turned-memecoin-millionaire!
3/ Gary Gensler announces retirement
The veil of regulatory obscurity that has been draped over the face of the US crypto industry is set to be lifted on Jan 20th.
4/ Trump wins, vows to support crypto, market goes berserk, $BTC hits $100k!
What the data predictedâŠ
How it actually wentâŠ
So far, so good!
5/ Bitcoin halves â liquidity increases â bull run starts
In April, the amount of new $BTC entering the market each day got cut in half. A few months later, central banks around the world began pumping fresh cash into the market.
Meaning more money could find its way into Bitcoin (an increasingly scarce asset).
Increased demand + lowered supply = welcome to the Banana Zone. đ
Alright, thatâs everythingâŠfor now.
In the next article, weâre going to cover the honorable mentions across the Ethereum ecosystem, government related events, web2/TradFi adoption, and mass market milestones!
All you need to do is scrollâŠ
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2024 YEAR IN REVIEW (HONORABLE MENTIONS) đ
1/ Ethereum Ecosystem
Ethena launches the fastest growing stablecoin of all-time, Ethereum completes its Dencun upgrade â Ethereum becomes cheaper to transact on, Vitalik got a GF.
2/ Government related events
Polymarket calls the election, Germany sells its $BTC right before all-time highs, DOGE goes from memecoin to government agency, US government wins its case against CZ/Binance â CZ goes to jail â CZ gets out.
3/ Web2/TradFi adoption
Stripe acquires Bridge for $1.1B (the largest crypto acquisition ever), Microstrategyâs âBitcoin Strategyâ starts to be adopted by other companies.
4/ Mass market milestones
Helium partners with AT&T â onboarding web2 users into web3 (without them knowing it), TikTok mania drives $CHILLGUY to become the fastest adopted crypto of all-time.
Alright, thatâs just about all the typing we can handle right nowâŠ
Want a deeper dive on the year that was 2024, and the lessons worth taking from it?
âMr. Bossmanâ himself (Kyle Reidhead) joined us on todayâs episode of The Milk Road Show to dig into:
AI agents, memecoins, super cycles, ETFs, Ethereum performance, regulatory struggles, and the winning apps of the year!
Check it out below! đ
We just dropped our Christmas gift guide. Got a hard-to-shop-for degen in your life? Or maybe a frumpy uncle youâre looking to orange pill? This guide covers it all.
Metaplanet buys Bitcoin (again). Whatâs the similarity between me and Metaplanet? We both bought the dip today.
Chainlink goes degen. Several memecoins, like $SHIB, $CAT and $MOG, were added to Chainlinkâs services over the weekend.
Unichain, Uniswapâs layer 2, is expected to go live in early 2025. This is definitely gonna be one of the key things to look out for in 2025.
2024 was a big year for hackers. Investors lost a total of $2.3B to crypto theft in 2024. Not the kind of headline anyone likes to read. Yikes. - DL News
Weâre hiring! Calling the brightest minds in crypto to join our team but hurry, thereâs only 4 roles left.
Milk Roadâs Bitcoin Price page offers real-time pricing for $BTC, keeping you updated on every move. With a clean layout and reliable data, itâs perfect for those closely tracking Bitcoinâs market activity.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.