The year 2024 has seen significant events for Bitcoin, from reaching new all-time highs to more governments considering national Bitcoin reserves.
Bitcoin Mining Shortage
Data from Clark Moody reveals that as of December 26, 1,198,640.60 BTC remained unmined, with 94.29% of Bitcoins already issued. Less than 1.19 million BTC remain to be mined out of a total maximum of 21 million.
Bans and High Costs
Bitcoin mining is banned in eight countries, including Venezuela, China, and Russia, due to energy concerns. In countries where mining is allowed, high energy tariffs have made it more expensive than ever.
Government Reserves and Strategies
U.S. President Donald Trump has expressed his desire to establish the U.S. as the world's crypto hub. In December, he discussed proposals for a strategic Bitcoin reserve with Crypto.com CEO Kris Marszalek.
Bitcoin remains a focal point of global financial markets and governments as they navigate new strategies amid a changing cryptocurrency landscape.
