The Top 5 Bitcoin Catalysts of 2024

Guest Post by Nick Giambruno

Several imminent catalysts could catapult the Bitcoin price into the stratosphere.

Here are what I believe to be the five most important.

Catalyst #1: Bitcoin To Become the World’s “Hardest” Money

According to its fixed protocol, we know precisely how Bitcoin’s supply will grow in the future.

A key feature is that the new supply gets cut in half every four years, which causes Bitcoin’s hardness to double every four years.

Hardness does not mean something that is necessarily tangible or physically hard, like metal. Instead, it means “hard to produce.” By contrast, “easy money” is easy to produce.

The best way to think of hardness is “resistance to debasement,” which helps make it a good store of value—an essential function of money.

The stock-to-flow (S2F) ratio measures an asset’s hardness.

The “stock” part refers to the amount of something available, like current stockpiles. It’s the supply already mined. It’s available right away.

The “flow” part refers to the new supply added from production and other sources each year.

A high S2F ratio means that annual supply growth is small relative to the existing supply, which indicates a hard asset resistant to debasement.

A low S2F ratio indicates the opposite. A low S2F ratio means new annual production can easily influence the overall supply—and prices. That’s not desirable for something to function as a store of value.

The process where Bitcoin’s new supply is cut in half every four years is known as the “halving”—or what I like to call “quantitative hardening.”

Historically, halvings and their massive supply shocks have catalyzed eye-popping Bitcoin bull markets where the price has skyrocketed 10x (or more).

The next time Bitcoin’s supply growth will be cut in half will be in April 2024.

But this coming halving will be very different…

That’s because Bitcoin’s hardness will be twice that of gold’s when that happens.

That’s how Bitcoin will soon become the hardest money the world has ever known. And it will keep getting harder as new Bitcoin issuance continues to shrink.

For reference, over 19.5 million BTC have already been created, or over 93% of the total supply. That means the remaining 7% of the Bitcoin supply will come onto the market at ever-decreasing amounts until the last Bitcoin is created in the year 2140, about 116 years from now.

For thousands of years, gold has always been mankind’s hardest money. That is all set to change in a few months, and most people have no idea.

I think now is the time to get positioned for this unique moment in monetary history.

Catalyst #2: Bitcoin ETFs

After years of delay, the SEC is on the verge of approving a spot Bitcoin ETF in the US.

There are around ten separate applications. Analysts expect if the SEC approves one, they will approve several others quickly.

That would open the floodgates for certain large pools of capital—like traditional retirement accounts—that would be otherwise unable to buy Bitcoin because of investment charters and other restrictions.

Catalyst #3: FASB Fair Value Accounting

Recently, the Financial Accounting Standards Board (FASB) officially adopted fair value accounting for Bitcoin.

This change allows for recognizing gains and revising the carrying value upward each quarter if the Bitcoin price increases, just like any other stock, bond, or commodity that trades on a public exchange.

Previously, the value of Bitcoin reported on a balance sheet could only be revised downward. A company could only revise it upward if they sold it, which some companies were reluctant to do because they hold Bitcoin as a treasury reserve asset.

This prevented many companies from holding Bitcoin on their balance sheets because they could not accurately report its value.

Now, that has all changed.

Fair value accounting for Bitcoin is a game-changer for companies wishing to hold Bitcoin on their balance sheet. It makes holding Bitcoin much more attractive as corporations can now report their financial condition more accurately.

Catalyst #4: De-Banking and Bank Failures

De-banking is a disturbing and growing trend.

The ruling elite—parasites, more accurately—have weaponized the banking system to enforce conformity to their preferred narrative.

Every day, people lose their ability to interact in the economy because they committed a thought crime. It’s an outrageous scandal that doesn’t get enough attention.

Further, the banking system is a mile-high house of cards that could crumble anytime.

Consider the recent collapse of Silicon Valley Bank—the largest bank failure since the 2008 crisis—and several other large institutions.

With a shaky economy on the verge of recession and higher interest rates decimating their balance sheets, the banking system is not out of the woods.

I think there is a good chance we could see more chaos in the banking system in 2024.

Here’s the bottom line.

As more people come to understand the rotten nature of the banking system, I believe it is only a matter of time before they discover Bitcoin as a superior alternative.

With Bitcoin, people can easily use it to hold, send, and receive wealth without the permission of any third party.

Nobody can be de-banked from Bitcoin.

In short, trouble with the banking system is like a giant free advertisement for Bitcoin.

Catalyst #5: The Great Monetary Pivot of 2024

After the steepest rate hiking cycle in US history, it’s only a matter of time before the Fed returns to easy money.

I suspect it will happen sometime in 2024.

Consider this.

The US federal debt is going parabolic.

As the amount of debt skyrockets, the interest rate rises to entice buyers and holders.

However, allowing interest rates to rise high enough to entice natural buyers would bankrupt the US government because of the higher interest costs, which are set to become the largest item in the federal budget.

So, I would not expect the Fed to raise interest rates much more. In fact, they have already paused the rate hikes and are signaling a pivot to easing again, likely for this exact reason.

That means the Fed has effectively given up on bringing price inflation down even though the year-over-year change in the CPI remains above 4%, more than double the Fed’s target of 2%.

In other words, even with their own crooked statistics and rigged game, the Fed has failed even to come close to their inflation target. It’s a massive failure.

Bloomberg is already hailing it “The Great Monetary Pivot of 2024.”

It’s crucial to understand that by surrendering to inflation, the Fed is returning to the same policies that caused prices to rise in the first place.

I expect the return of easy money will be a nice tailwind for the Bitcoin price.

Bonus Catalyst

Javier Milei recently took office as president of Argentina. He is the world’s first anarcho-capitalist president.

Milei has made favorable statements about gold and Bitcoin.

Here is what he has said on the topic:

“The central bank is a scam, a mechanism by which politicians cheat the good people with inflationary tax… (Bitcoin) represents the return of money to its original creator, the private sector… it prevents politicians from robbing you through inflation.”

Recently, Milei issued sweeping changes with Executive Order 70/23.

Part of this allows anyone to make contracts in Argentina with any money they wish.

Executive Order 70/23 could pave the way for removing all legal tender laws and allow the market to determine what money should be.

Milei’s foreign minister, Diana Mondino, recently said: “We ratify and confirm that in Argentina, contracts can be agreed in Bitcoin.”

Whether Executive Order 70/23 will survive various legal challenges in the months ahead is uncertain.

That said, I think there is an excellent chance we could see Argentina follow El Salvador and become the next country to adopt Bitcoin.

However, Argentina is much larger than El Salvador in terms of population (46 million vs 6.5 million) and economy ($632 billion vs $33 billion).

If Argentina implements favorable policies towards Bitcoin—removing all taxes and regulations, adopting it as a treasury reserve asset, or solidifying the elimination of legal tender laws—it could set off a domino effect as other countries start to scramble to get a piece of the hardest money mankind has ever known.

Conclusion

We could soon see…

• The launch of spot Bitcoin ETFs.
• The return of central bank easy money policies.
• Bitcoin’s hardness double that of gold’s as it becomes the hardest money mankind has ever known after the April 2024 halving.
• More corporate adoption as FASB allows for fair-value accounting.
• A massive free advertisement for Bitcoin as more problems in the rotten banking system emerge.
• One of the most significant countries in the world adopting Bitcoin-friendly policies.

In short, the stars are aligning for a massive Bitcoin bull market.

Fortunately, it is not too late to get positioned.

That’s why I just released an urgent PDF report revealing three crucial Bitcoin techniques to ensure you avoid the most common—sometimes fatal—mistakes.

Check it out as soon as possible because it could soon be too late to take action. Click here to get it now.

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