In 2024, Bitcoin's use as a cross-border "safe haven" intensified during U.S.-China trade tensions and Middle East conflicts. Chinese capital controls inadvertently boosted Bitcoin demand as investors sought alternatives to yuan depreciation. Meanwhile, U.S. political dynamics—such as Trump's 2024 plan to classify Bitcoin as a national reserve asset—exposed its potential to disrupt dollar hegemony, though this remains aspirational given 90% of Bitcoin trades still settle in USD.

wow, crazy times for bitcoin! 😱 it's like the world finally catching on to what crypto can do. wonder what'll happen if trump actually pulls that off 🤔