By Sean Sanders Bitcoin's recent surge beyond $42 000 (R784 346) ignited discussions about the cryptocurrency's potential in 2024. But, one recent development stands out as an even greater pivotal moment – the approval of Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC) in January, . The crypto industry seems to have weathered its most recent storm and is now poised for further growth. So what does this approval mean for the future of Bitcoin, and what other factors are set to shape the market in the year to come? Democratised access leading to more mainstream adoption The SEC's approval of Bitcoin ETFs represents a significant step towards democratising access to the cryptocurrency. It does so by opening the door to a broader investor base, allowing individuals and institutions to invest in Bitcoin through traditional stockbroking accounts. This move is especially important for institutional investors, such as hedge funds and pension funds, that were previously restricted from entering the crypto space. The approval of Bitcoin ETFs provides a more secure and accessible entry point for a wider range of investors, potentially unlocking billions of dollars in new capital for the crypto market. The introduction of a Bitcoin ETF is particularly noteworthy, as it eliminates the reliance on derivative markets. Unlike derivatives, a spot ETF… Opinion

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