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The year 2023 was an eventful one for crypto, with exciting highlights and not-so-great moments. Stepping into 2024, it's hard to tell what the future will hold for cryptocurrency, even though experts predict a potential bull run based on specific trends and upcoming events. However, it's too early to tell with certainty.
Here are some of the significant trends and developments that could shape the future of digital money.
Takeaways:
The next Bitcoin halving, expected in April 2024, will reduce the amount of available Bitcoin and is likely to increase its value, but its impact is unpredictable due to market sentiment and mining competition.
Events, new rules and technological changes can significantly impact the cryptocurrency market, altering people's perceptions toward investing and determining their financial gains or losses.
In order to prepare for a potential market upswing, it’s important to conduct thorough research, diversify your portfolio and take advantage of Bybit's Saving products.