The 2024 rally for bitcoin saw significant price movement, with bitcoin gaining wider attention following the anticipated approval of spot ETFs. After launching 11 ETFs in January, bitcoin reached an all-time high above $73,000 by March. However, the landscape became unpredictable due to factors like Federal Reserve monetary policy and upcoming U.S. elections, affecting advisor sentiment towards bitcoin. By mid-September, after a notable rate cut by the Fed, bitcoin's price surged again, accompanied by a broader recovery in the crypto market. Advisors are advised to remain informed about regulatory changes and their implications for digital assets. With bitcoin being the top-performing asset over recent years, questions arise regarding the next steps for advisors and their clients in this evolving market, particularly in exploring opportunities in areas like Web3 and DeFi.

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