After a long wait, Bitcoin (BTC) has finally reached its all-time high price on March 5, surpassing $69,000. This marks the official start of a bull market.
During the previous bull market, many developers, projects, and artists had grand visions of how crypto and blockchain would revolutionize the world. While some progress was made, a lot remained unaccomplished.
Now that market conditions have improved, there is a renewed opportunity for everyone to fulfill their promises.
On episode 31 of The Agenda, co-hosts Jonathan DeYoung and Ray Salmond discuss the significance of Bitcoin’s new all-time high and its potential impact on the crypto industry in 2024.
The recent milestone of Bitcoin’s price surge is seen as a sign of maturity for the asset and the market. Salmond believes that reaching new all-time highs is an indication of the industry’s growth and development. He notes that the level of social chatter from non-crypto enthusiasts is not as overwhelming as it was during previous bull markets.
DeYoung also shares his surprise at not constantly checking his portfolio value like he did in 2017 and 2020, suggesting that the current market conditions have brought a more measured and focused approach.
Looking ahead to 2024, Salmond and DeYoung agree that the success of blockchain and crypto will be determined by the ability of builders to deliver practical and useful products and services, rather than solely relying on token value. DeYoung emphasizes the potential synergy between crypto and artificial intelligence, highlighting the importance of verifying data and media. He sees blockchains playing a crucial role in cataloging and authenticating data, and possibly even in government applications.
Salmond expresses his hope that music nonfungible tokens (NFTs) will make a comeback in 2024, but also acknowledges the need for patience in the fintech space.
To hear more insights from Jonathan and Ray’s conversation on The Agenda, including details about upcoming guests, you can listen to the full episode on Cointelegraph’s Podcasts page, Apple Podcasts, or Spotify. Don’t forget to explore Cointelegraph’s lineup of other shows as well.
Disclaimer: This article is for informational purposes only and should not be taken as legal or investment advice. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views and opinions of Cointelegraph.