Bitcoin rallied to its highest price since December 2021, reaching $50,000 for the first time in over two years.


– This triggered a rally for other cryptocurrencies and related stocks, such as Coinbase and Marathon Digital.

– Bitcoin ETFs surged, with the iShares Bitcoin Trust (IBIT) leading the way in terms of inflows.

– Grayscale Bitcoin Trust (GBTC) saw outflows, but new ETFs have recorded $2.65 billion in inflows since launch.

– Several trends are expected to drive bitcoin in 2024, including the upcoming halving event and increased institutional participation.

– The most important factor for bitcoin's future may be mainstream adoption.

– A majority of financial advisors don't have access to the new ETFs yet, but this is expected to change in the coming months.