Bitcoin confidently joins the world's largest assets

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Chainlink and Moody's Ratings Complete Crosschain Distribution Pilot

Chainlink and Moody's Ratings have successfully completed a pilot project utilizing the CrossChain Interoperability Protocol to distribute credit information across multiple networks.

user avatarArif Mukhtar

Solana Foundation Plans Custom Rings for Institutions

The Solana Foundation is working on Custom Rings for institutions, expected to provide configurable privacy and auditor access.

user avatarDavid Robinson

Helius Introduces Privacy Rings on Solana Mainnet

Helius has launched Privacy Rings on the Solana mainnet, enabling confidential asset transfers while maintaining transparency.

user avatarMaria Gutierrez

Aave's Governance to Review Proposed Changes

Aave Governance is set to review TokenLogic's proposal regarding reserve factors and its implications for liquidity and supplier incentives.

user avatarJacob Williams

TokenLogic Proposes Changes to Aave's Reserve Factors

TokenLogic has proposed adjustments to Aave's reserve factors across 54 reserves, potentially increasing annual revenue by $35 million.

user avatarAndrew Smith

Apex Group Joins Hedera Council to Enhance Governance in Digital Assets

Apex Group has joined the Hedera Council to enhance governance in digital assets and explore tokenization initiatives.

user avatarZainab Kamara

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.