🟪 So many questions

2024 has been one for the books

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What a decade this crypto year has been. 

Just to name a few things that happened or began to happen: Trump’s election win; a $100,000 bitcoin price; an in-progress pivot back to US shores. 

And a little closer to home: several crypto events (DAS and Permissionless) and the launch of a new crop of Blockworks newsletters (Empire, Forward Guidance, Lightspeed). 

So, yes, 2024 has been one for the books. These final days are a great time to rest, plan, and engage in the great cyclical tradition of producing short-form listicles with big questions about the coming year. 

Without further ado:

What will happen to bitcoin’s price? This one’s a doozy for sure. I guess the answer really depends on what your inner bull is telling you. Was the pop above $108K the top of this particular market swing? Should we expect the price to sort of amble along for a while before leaping higher or stumbling lower? 

See, this is why I don’t offer trading advice…be careful out there, kids.

What’s Trump going to do about bitcoin? Well, if you think about it, Trump has kind of already delivered on his implicit campaign promises: higher prices and a de-Genslered SEC. 

Next on the list is the hoped-for strategic bitcoin reserve. Again, you can argue this has explicitly been created on account of the BTC the government already holds and won’t sell. Do they need an act of Congress to say, hey, look, we’re already HODLing? Perhaps not.

If you’re hoping for more tangible, forward-reaching actions, much depends on the continued alliance between Silicon Valley and the newly-elected president — and how the clown-car of governing priorities about to become very real once Trump is in office.

Will the US be the center of the crypto universe? Maybe? Probably? Again, so much of this is about positive vibes and governmental/regulatory actions that support (or pierce) the positivity bubble. 

A more permissive SEC and a Congress that maybe-sort-of-finally passes some meaningfully supportive legislation might be all it takes.

And now, on to the roundup:

— Michael McSweeney

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It’s Forward Guidance week over on Byron’s pages. My recommended pick: the must-know details about Bo Hines, one of Trump’s key crypto officials.

How did the Fed spend its 2024? Flip-floppin’ around, according to Forward Guidance’s Felix Jauvin. Don’t miss his recap.

2024 was a year of innovation on crypto’s bleeding edge. 0x’s Donovan Choy has the breakdown of the biggest moves on this front.

Holiday memecoins on Solana? Seriously? Yes, really.

Get ready for a potential mega-year for VC activity. Don’t believe me? Really? Well, Empire’s got the receipts — read on.