What will the crypto asset market look like in 2024? Looking back at 2023 and unravelling the future -.

Until 2022, the crypto asset market was said to be in a winter period. However, 2023 has been a strong year, particularly for bitcoin, with many crypto assets reaching new highs since the beginning of the year in November.

The situation has indeed turned into a tailwind, and we explore the background and future trends, using bitcoin as an example.

The crypto asset market has thawed

The crypto asset market has been exposed to negative events, such as Russia's invasion of Ukraine in February 2022, the massive crash of the stablecoin TerraUSD in May and the collapse of the major crypto asset exchange FTX in November.

For bitcoin, the price fell from 5.61 million yen in April to 2.16 million yen at the end of the year, less than half the price, and similar price movements were formed for other crypto assets.

The same year was a winter period for crypto assets. In 2023, however, the situation changed dramatically, and not only did the snow melt, but there was also a significant tailwind.

Let's look back at the trends so far, using bitcoin's price movements as an example.