The milestone isn’t just psychological, and potentially opens entire new groups of investors who couldn’t participate previously.
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Bitcoin is officially a $1 trillion asset. As the price surged over $54,000, the total market cap of bitcoin reached the new all-time high.
In this episode, NLW explores the significance of the milestone, arguing:
- There has been a slate of good news, from BlackRock rumblings to Canadian ETFs that have been driving recent price action
- There are a variety of institutions that couldn’t allocate to the space before because it was too small but which are now in play
- In the wake of the milestone, we’re likely to see more research house FUD
- We’re also likely to see a number of major bitcoin positions announced in the days to come
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