Bitcoin confidently joins the world's largest assets

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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Eric Trump Launches Blockchain-Based Real Estate Tokenization Project

Eric Trump announces the launch of a real estate tokenization initiative through World Liberty Financial, aiming to democratize access to high-end properties.

Son Min-ho15 minutes ago

Crypto Patel Predicts Potential Gold Price Correction

Analyst Crypto Patel forecasts a possible pullback in gold prices to the 3,000-2,500 range, citing historical patterns and Fibonacci retracement levels.

Ayman Ben Youssef15 minutes ago

Gold Prices Soar to Record Highs Amid Economic Turmoil

Gold prices have reached a new all-time high of over $4,200 per ounce, driven by increased demand from retail consumers and central banks amid economic uncertainty.

Tando Nkube19 minutes ago

LAB Emerges as the Token of the Season

LAB is shaping up to be the token of the season with instant global listings and six exchange integrations.

Satoshi Nakamura24 minutes ago

LAB Community Drives Global Movement

The LAB community is the project's heartbeat, with over 50,000 wallet addresses created in the first week and vibrant engagement across Telegram and X. The LAB army has transformed the launch into a global movement, featuring fan art contests, referral waves, and influencer collaborations, showcasing unmatched energy.

Kofi Adjeman24 minutes ago

LAB's Revenue Sharing Mechanism Enhances Sustainability

LAB's innovative revenue-sharing model redirects 80% of trading fees towards buybacks, token burns, and user rewards, fostering a deflationary economy.

Nguyen Van Long24 minutes ago