Satlantis: Social Events - Nostr Hypermedia

2024 is almost over! And what a year it has been! 📅 Until we look back, it's easy to forget just how far we've come in so short a time. Here are the 5 most pivotal events in the Bitcoin space during 2024, and how they changed Bitcoin's future forever: 👇

1️⃣ On 𝟭𝟭 𝗝𝗮𝗻𝘂𝗮𝗿𝘆, the first U.S. Bitcoin Exchange-Traded Funds (ETFs) were approved For the first time, mainstream investors could add Bitcoin to their portfolios through the same platforms they use for stocks and bonds. No wallets, private keys, or exchanges—𝘫𝘶𝘴𝘵 𝘤𝘭𝘪𝘤𝘬 𝘢𝘯𝘥 𝘣𝘶𝘺. 🖱️ Sure, this isn’t the sovereign individual approach to stacking sats, but everyone has to start somewhere, right? The result has been a tidal wave of institutional demand, and more FOMO from retail buyers. 🌊 But the most important part isn't the price; it's the fall of the next domino on Bitcoin's path to global adoption.

2️⃣ On 𝟭𝟵 𝗔𝗽𝗿𝗶𝗹, Bitcoin's block subsidy halved from 𝟲. 𝟮𝟱 to 𝟯. 𝟭𝟮𝟱 This means that the rate of new bitcoin mined with each block was 𝘤𝘶𝘵 𝘪𝘯 𝘩𝘢𝘭𝘧. So instead of about 900 new bitcoin being mined each day, 𝗼𝗻𝗹𝘆 𝗮𝗯𝗼𝘂𝘁 𝟰𝟱𝟬 𝗮𝗿𝗲 𝗻𝗼𝘄 𝗺𝗶𝗻𝗲𝗱. Starting at block 840,000, the stock-to-flow ratio—or the ratio of new bitcoin compared to already-existent bitcoin—became roughly twice that of gold, 𝗼𝗳𝗳𝗶𝗰𝗶𝗮𝗹𝗹𝘆 𝗺𝗮𝗸𝗶𝗻𝗴 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝘁𝗵𝗲 𝘀𝗰𝗮𝗿𝗰𝗲𝘀𝘁 𝗺𝗼𝗻𝗲𝘆 𝙚𝙫𝙚𝙧! 🤯 These halvings, which happen every 210,000 blocks—or roughly every 4 years—is how Bitcoin’s supply cap is enforced, and is one of the primary causes of Bitcoin’s 4-year bull/bear cycle. 𝗧𝗵𝗲𝗿𝗲 𝘄𝗶𝗹𝗹 𝗼𝗻𝗹𝘆 𝗲𝘃𝗲𝗿 𝗯𝗲 𝟯𝟯 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗵𝗮𝗹𝘃𝗶𝗻𝗴𝘀, and 4 have already come and gone. Each one marks a turning point in Bitcoin's history, when the world’s hardest money hardens even more, and further secures our civilization against an uncertain future.

3️⃣ On 𝟮𝟳 𝗝𝘂𝗹𝘆, Donald Trump gave a keynote speech at @The Bitcoin Conference in Nashville, TN. This was the first time a former president—who later became President-elect—spoke at a Bitcoin conference...𝘣𝘶𝘵 𝘪𝘵 𝘸𝘰𝘯’𝘵 𝘣𝘦 𝘵𝘩𝘦 𝘭𝘢𝘴𝘵! Donald Trump declared that he will: 🔓 #FreeRoss from prison on day 1 ⚡ Make the U.S. the global hub for Bitcoin mining 👏 Fire Gary Gensler—which, to Trump's surprise, was met with an 𝘦𝘳𝘶𝘱𝘵𝘪𝘰𝘯 of cheers Donald Trump is still falling down the Bitcoin rabbit hole, so there's still much for him to learn, but the progress he’s making is very promising! Whether you agree with his politics or not, his support of Bitcoin solidified its role on the national and global stage. 🌎 4️⃣ On 𝟱 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿, Bitcoin broke $100K for the first time 🚀 After years of waiting, it finally happened. Many Bitcoiners had vowed to keep “laser ray ‘til 100K” on their social media avatars, but now, with that milestone reached, many adopted a new mantra: 𝘓𝘢𝘴𝘦𝘳 𝘦𝘺𝘦𝘴 ‘𝘵𝘪𝘭 𝘧𝘪𝘢𝘵 𝘥𝘪𝘦𝘴! 𝗪𝗵𝗮𝘁 𝗰𝗮𝘂𝘀𝗲𝗱 𝘁𝗵𝗲 𝘀𝘂𝗱𝗱𝗲𝗻 𝘀𝘂𝗿𝗴𝗲 𝘁𝗼 $𝟭𝟬𝟬𝗞? Perhaps it was a combination of Donald Trump’s victory a month prior, the ETFs that were more successful than 𝘢𝘯𝘺 other before them, and of course, Bitcoin’s absolutely limited supply. Or maybe it's just because Bitcoin is an idea whose time has come. For OG hodlers, 100K was more than a nice round number; it represented vindication after years of FUD and criticism, and it caught the attention of many former naysayers. 👀 The FOMO it’s already causing is an important step toward the next bull run, 𝘸𝘩𝘪𝘤𝘩 𝘪𝘴 𝘫𝘶𝘴𝘵 𝘨𝘦𝘵𝘵𝘪𝘯𝘨 𝘴𝘵𝘢𝘳𝘵𝘦𝘥. 📈

5️⃣ On 𝟭𝟴 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿, El Salvador agreed to the IMF's terms to receive $1.4 billion in aid from them. The catch? 𝘛𝘩𝘦𝘺 𝘩𝘢𝘥 𝘵𝘰 𝘤𝘩𝘢𝘯𝘨𝘦 𝘵𝘩𝘦𝘪𝘳 𝘭𝘢𝘸 𝘵𝘰 𝘮𝘢𝘬𝘦 𝘣𝘪𝘵𝘤𝘰𝘪𝘯 𝘢𝘤𝘤𝘦𝘱𝘵𝘢𝘯𝘤𝘦 𝘷𝘰𝘭𝘶𝘯𝘵𝘢𝘳𝘺 𝘧𝘰𝘳 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴. 😮 It had been compulsory for merchants to accept bitcoin, but this was rarely enforced, so removing it seemed like an acceptable tradeoff for President Bukele. Since 17 November 2022, El Salvador had been buying 1 bitcoin each day, regardless of the price. But on the 19 December of this year, and again on the 21st, President Bukele used the funds from the IMF to buy 𝟭𝟭 𝗺𝗼𝗿𝗲 bitcoin! 🤯 What would 𝘺𝘰𝘶 do if you suddenly received a large sum of fiat? Hopefully, you’d buy bitcoin. 😉

𝟮𝟬𝟮𝟰 𝘄𝗮𝘀 𝗮𝗻 𝗶𝗻𝗰𝗿𝗲𝗱𝗶𝗯𝗹𝗲 𝘆𝗲𝗮𝗿 𝗳𝗼𝗿 𝗕𝗶𝘁𝗰𝗼𝗶𝗻! 📈 History will doubtlessly record it as the year when nation-states entered the sat-stacking race, and adoption began to change from "𝘨𝘳𝘢𝘥𝘶𝘢𝘭𝘭𝘺" to "𝘴𝘶𝘥𝘥𝘦𝘯𝘭𝘺" (H/T @Parker Lewis ). Remember to 𝗟𝗶𝗸𝗲, 𝗦𝗵𝗮𝗿𝗲, and 𝗕𝗼𝗼𝗸𝗺𝗮𝗿𝗸 this note, so you can look back on this next year, and see how far we will have come by then! What were some of the highlights in the Bitcoin space for you this past year? What are your predictions for 2025? Let us know in the 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀! 👇