The Crypto Eclipse

The year 2024 will go down in financial history as a year of contradictions: a feverish crypto market reaching historic highs, while real economies reeled under the weight of persistent inflation and abysmal sovereign debt. Bitcoin crossed the symbolic $100,000 mark in December 2024, driven by unprecedented institutional enthusiasm and the approval of spot ETFs in the European Union. Meanwhile, global debt exceeded $320 trillion, or 326% of global GDP, creating a dizzying gap between the real economy and digital speculation. This gap is not a simple cyclical anomaly: it constitutes the very matrix of the crisis looming for 2026.