52 Major Catalysts Await Bitcoin In 2024 Bitcoin Spot ETF Launch Bitcoin Halving Institutional Acceptance Regulatory Developments On January 11, 2024, the launch of spot The Bitcoin halving occurs Thanks to its continued resilience and The bankruptcies of FTX and Celsius bitcoin ETFs set the stage for Bitcoin’s approximately every 4 years, cutting performance, the shift in perception have advanced the push for more growth, by offering investors a more the reward for mining new bitcoin of bitcoin—from a speculative transparent and open global crypto direct, regulated, and liquid way to blocks in half. Historically, each instrument to a strategic investment regulation, including the potential 3 gain exposure. Bitcoin spot ETFs are halving event has coincided with the in a diversified portfolio—should passage of a US bill establishing a 2 0 traded on major stock exchanges, beginnings of a bull market. Expected characterize its evolution in 2024. regulatory framework for 2 N I allowing investors to buy and sell in April 2024, this halving will reduce Exemplifying this evolution, Larry cryptocurrencies, and the N shares through their existing bitcoin’s inflation rate from ~1.8% to Fink, CEO of BlackRock, has shifted implementation of Europe's Markets OI C brokerage accounts, and should ~0.9%. his stance from bitcoin skepticism to in Crypto-Assets (MiCA) regulation, T BI reduce the learning curve and its potential as a "flight to quality." which mandates licensing for crypto operational complexities associated Bitcoin’s Circulating Supply wallet providers and exchanges in the with direct investments in bitcoin. n) EU. io 20 l il (M BTC Supply (units) in co 10 BTC Supply Cap it B f O Expected Bitcoin s nit 0 Issuance U 2009 2015 2021 2027 Sources: ARK Investment Management LLC, 2024, based on data from Glassnode as of December 31, 2023. Forecasts are inherently limited and cannot be relied upon. For informational purposes only and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security or cryptocurrency. Past performance is not indicative of future results.