Bitcoin’s Market Cap Surpasses Gold Milestone
Bitcoin’s market cap has climbed to 14% of gold’s market cap, setting a new record, according to Galaxy Research. This comes as Bitcoin exchange-traded funds (ETFs) have outpaced gold ETFs in assets under management (AUM), holding $129 billion compared to gold ETFs’ $128 billion. K33 Research’s Vetle Lunde noted Bitcoin’s rapid ascent despite gold’s 20-year head start.Institutional Adoption Fuels Momentum
Senior Bloomberg ETF analyst Eric Balchunas highlighted how spot Bitcoin ETFs, launched earlier this year, have reshaped institutional interest in crypto. Their success underscores Bitcoin’s growing appeal as a reliable asset.Bitcoin Joins Top Global Assets
Bitcoin’s market capitalization now exceeds $2 trillion, ranking it seventh among global assets. This places it above Saudi Aramco and silver but still far from gold's $17 trillion market cap. The broader crypto market sits at $3.72 trillion, with Bitcoin dominating at 54.5%.Fed’s Policy Impact and Bitcoin’s Growth Drivers
The Federal Reserve’s recent hawkish stance caused market caution, with crypto markets seeing a sharp pullback. Despite this, experts like BitwiseInvest CIO Matt Hougan emphasize Bitcoin’s resilience, driven by key factors like pro-crypto policies, rising institutional adoption, and technological advancements.Positive Long-Term Outlook
BRN analyst Valentin Fournier remains optimistic, citing Bitcoin's growing role in corporate treasuries and potential adoption as a national reserve asset. Despite short-term volatility, Bitcoin’s fundamentals point to sustained growth.
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