What a Year!
As we close out an incredible 2024, we wanted to share some exciting highlights from what has been an absolutely massive year for both Bitcoin and Bitaroo.
Top 10 Global Bitcoin Headlines That Shaped 2024
1. Bitcoin Smashes Through $100K
The moment we’ve all been waiting for – on 5 December, bitcoin’s price hit a new all-time high of over US $100,000, marking a historic milestone in Bitcoin’s journey.
2. Bitcoin ETFs Finally Here
January brought us the long-awaited SEC approval of Bitcoin ETFs, opening the floodgates for institutional investors and bringing new liquidity to the market.
3. Another Successful Halving
April's fourth Bitcoin halving reduced block reward to 3.125 BTC. As with previous halvings, this has historically been a catalyst for a price increase.
4. El Salvador's Bitcoin Investment Pays Off
Our friends in El Salvador showed the world what's possible, reporting over $333 million in profits from their national Bitcoin strategy.
5. BRICS Nations Expand Bitcoin Mining
The BRICS bloc, now including the UAE and Argentina, is boosting Bitcoin mining using state-owned energy. It is rumoured that Russia too is establishing its own mining facilities.
6. Asia & Oceania Lead Bitcoin Adoption
Chainalysis released a report highlighting that the Asia-Pacific region is at the forefront of Bitcoin adoption, with Australia proudly ranking fourth in Bitcoin value received.
7. Market Recovery in Full Swing
After the bear year of 2022, Bitcoin showed its resilience with a stunning 140% gain by December, proving once again that patience pays off.
8. Institutional Investment Boom
Major financial institutions continued piling into Bitcoin throughout the year, helping cement its place as a legitimate asset class.
9. ETF Anticipation Builds
Analysts are projecting massive inflows from further upcoming ETF approvals, with estimates suggesting up to AU$80 billion in new investments over the next three years.
10. Regulatory Landscape Evolution
The Bitcoin regulatory environment continued to mature globally, with clearer frameworks emerging across major markets.
Bitaroo's Award-Winning Year
We're incredibly humbled by the recognition we have received from our amazing community this year. Here's what you've awarded us for:
Best Fee Structure
We are proud to offer what you've voted as Australia's most competitive fees, ranging from just 0.19% all the way down to -0.03% (yes, that's negative fees for our high-volume traders!).
Best Customer Service
Our team of dedicated Bitcoin enthusiasts has been recognised for providing top-notch Australian-based support. When you reach out to us, you are talking to real Bitcoiners who understand your needs, not just a generic support desk based overseas.
Excellence in Innovation
You have recognised our commitment to innovation, particularly with the launch of our game-changing features:
- Guardian: Our new multi-signature solution that takes security to the next level
- Batch: A smart feature that helps you save on withdrawal costs by combining transactions
- Spend: Making it easier than ever to use Bitcoin in your daily life
Excellence in Education
We are passionate about spreading Bitcoin knowledge, and you noticed! Our educational initiatives have been recognised for helping both newcomers and experienced traders understand the Bitcoin ecosystem better.
Best for Advanced Users
For our power users, we have maintained our position as the go-to platform for advanced trading features. From stop-market orders to auto-DCA options, we have got the tools you need to trade like a pro.
Looking Back, Moving Forward
What makes us most proud isn't just the awards or the new features – it is seeing how our community has grown and evolved. We are thrilled to be part of this journey with you.
What's Next?
2024 has been incredible, but we are already working on making 2025 even better.
We have some exciting developments in the pipeline that we can't wait to share with you. Stay tuned!
To our amazing community - thank you for making 2024 such a remarkable year. Whether you're an OG user or just joined us recently, you are part of what makes Bitaroo Australia's leading Bitcoin-only exchange.
Keep stacking sats, and here's to an even better 2025!
