Bitcoin, which started as a small code in 2009, now holds 1.3% of the world's finances.
Growth of Bitcoin's Market Capitalization
Over the last five years, Bitcoin's value increased sixfold. Its market capitalization has reached 1.7 trillion dollars, significantly raising its share in the world's money market, which is now 1.3%.
Bitcoin Compared to Global Currencies
Despite the substantial increase, Bitcoin still appears as a small but growing force compared to the 108.2 trillion dollars of global fiat money. While Bitcoin's share increases, its impact on global currencies becomes more noticeable.
Future Use of Bitcoin
While Bitcoin is increasingly recognized as a store of value, its everyday use as a means of payment has not yet become commonplace. Nevertheless, the coin's growth indicates significant potential.
Bitcoin has come a long way and continues to strengthen its position in the global market. With its current influence of 1.3%, the path for further growth looks promising.
