Bitcoin’s All-Time Highs: Implications for 2024 Crypto Industry Expectations

On March 5, Bitcoin reached its all-time high price of $69,000, marking the beginning of a bull market. In the past, during bull markets, many ambitious ideas about the potential of blockchain and cryptocurrency were shared but not fully realized. With the current improved market conditions, there is renewed opportunity for projects to deliver on their promises.

Jonathan DeYoung and Ray Salmond, co-hosts of a podcast, believe that the recent price milestone of Bitcoin is a sign of the asset’s maturity. They point out that ETFs, which have been buying large amounts of Bitcoin daily, contribute to the demand for the cryptocurrency. The focus now shifts from obsessing over price movements to considering the larger implications of Bitcoin’s growth.

DeYoung notes that social chatter from non-crypto enthusiasts is not as prominent as it was during previous bull markets. He admits to feeling detached from the price fluctuations and desires more profound developments in the industry. Both DeYoung and Salmond believe that the success of blockchain and crypto in 2024 will be determined by the ability of projects to deliver useful products and services instead of solely relying on token value.

DeYoung hopes that those who have profited from the recent market surge will invest in passion projects and support smaller initiatives. He also predicts a stronger connection between crypto and artificial intelligence, particularly in verifying data and media. Salmond expresses optimism for the revival of the music non-fungible token (NFT) industry, citing its potential for growth and bridging the gap between Web3, blockchain, and the traditional music industry.

Salmond acknowledges that his high expectations for the music NFT market may require more patience. He emphasizes that in the fintech space, results often take several years to materialize, with investments in Ethereum, for example, being a long-term commitment. The podcast hosts believe that the coming years will see a focus on tangible results rather than just ideas in the blockchain and crypto industry.

To listen to the full episode of the podcast and learn about upcoming guests, visit ‘s Podcasts page, Apple Podcasts, or Spotify. offers a range of other shows that may also be of interest to listeners.