Introduction
Bitcoin's rollercoaster ride has always been riveting to watch, but the events of 2024 and early 2025 has brought new drama to the crypto table. From political showdowns and economic earthquakes to heated debates over energy usage, Bitcoin has found itself in the center of global attention that has tested its mettle. And guess what? It's still standing.
Buckle up as we explore the sparks that flew and the flames that reshaped the world's most notorious cryptocurrency.
The 2024 Halving Event: A Slow-Burn Fireworks Show
Every four years or so, the Bitcoin community is awakened to the coming of a halving. On 20 April 2024, the block reward dropped from 6.25 BTC to 3.125 BTC, thereby fueling prophecies of imminent moonshots. In reality, this turned out to be more of a slow-burn than a fireworks finale
The World on Fire: Bitcoin's role as a lifeboat
Amidst the uproar of crackdowns and controversies as well as the environmental pressures brought about by energy usage for mining, hyperinflation in emerging markets, political unrest in several parts of the world as well as the fizzling out of smaller projects and many altcoins, Bitcoin stood out as a lifeboat on the open sea, a "safe" crypto for those desperate to secure their wealth.
With the changes that we have seen so far in 2025, we can expect the fireworks to continue. Regulators will continue tinkering, trying to put reins on the crypto market. Competition from other cryptocurrencies will continue heating up. And the volatile changes in prices is the spice that keeps us as crypto watchers enthralled.
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