• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin confidently joins the world's largest assets

user avatar

by Giorgi Kostiuk

a year ago

After surpassing crucial resistance levels, Bitcoin soared to new all-time highs, becoming the world's seventh-largest asset by market capitalization.

Bitcoin becomes the eighth largest asset

Bitcoin surpassed Silver and Saudi Aramco, reaching a market cap of $1.8 trillion due to the largest nine-day price surge since January 2021.

Given that Bitcoin's market capitalization in January 2021 was just $450 billion, it takes significantly more capital today to effect such a change in price. We believe this recent move probably represents the largest volume of capital flowing into Bitcoin over such a short time.Bitfinex

Bitcoin ETFs could surpass gold ETFs

Bitcoin ETFs have the potential to overtake gold. By November, they held $84 billion in assets, 66% of gold ETFs' AUM. If current trends persist, Bitcoin ETFs could surpass gold within months.

Rise of Bitcoin funds

BlackRock's iShares Bitcoin ETF has already surpassed the company's iShares Gold ETF, achieving what took gold 20 years in less than a year for Bitcoin.

Bitcoin's breakthrough to new heights demonstrates its rapid mainstream acceptance and potential to become an even larger force in the global financial market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Trump Addresses Banking Industry and Crypto Regulations

chest

Trump criticized the banking industry and called for a resolution regarding stablecoin rewards during his speech at the TRUMP coin conference.

user avatarFilippo Romano

QDay Prize Awarded Amid Controversy

chest

The QDay Prize was awarded to Giancarlo Lelli for breaking a 15-bit elliptic curve key on publicly accessible quantum hardware, but faced criticism from Craig Gidney regarding its validity.

user avatarEmily Carter

JPMorgan and Goldman Sachs Shift Stance on Bitcoin

chest

JPMorgan and Goldman Sachs, once critical of Bitcoin, are now offering cryptocurrency trading services and holding significant Bitcoin assets.

user avatarTomas Novak

Peter Schiff Calls STRC a Ponzi Scheme

chest

Peter Schiff criticizes STRC, calling it a Ponzi scheme and questioning its financial model's sustainability.

user avatarMaya Lundqvist

Michael Saylor Suggests Potential New Bitcoin Purchase.

chest

Michael Saylor hints at a new Bitcoin acquisition, reinforcing Strategy's commitment to steady accumulation.

user avatarKaterina Papadopoulou

Saturn Boosts Investment in STRC Amid Concerns

chest

Saturn has increased its investment in STRC by $18 million, raising its total investment to $33 million, amid concerns about STRC's Bitcoin acquisition strategy.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.