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The milestone isn’t just psychological, and potentially opens entire new groups of investors who couldn’t participate previously.
This episode is sponsored by Nexo.io.
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 actionThere are a variety of institutions that couldn’t allocate to the space before because it was too small but which are now in playIn the wake of the milestone, we’re likely to see more research house FUDWe’re also likely to see a number of major bitcoin positions announced in the days to come
See also: Bitcoin Market Value Tops $1T as Price Passes $53,697
Image credit: uzenzen/iStock/Getty Images Plus
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