2024

Bitcoin

Rise

<p><strong>In 2024, Bitcoin crossed a symbolic milestone by entering the top 10 of the world’s largest assets by market capitalization. With nearly $1 trillion in valuation, the cryptocurrency now ranks ahead of giants such as Tesla and Visa. This milestone demonstrates the growing adoption of crypto assets in traditional finance.</strong></p>
<h2 id="h-the-rise-of-bitcoin">The Rise of Bitcoin</h2>
<p>With a market capitalization of $947 billion, Bitcoin established itself as the 10th largest asset in the world in 2024. It now surpasses <a href="https://www.cointribune.com/en/marathon-digital-surpasses-tesla-and-apple-bitcoin-mining-stock-soars-on-wall-street/" target="_blank" rel="noopener noreferrer nofollow">Tesla</a> ($616 billion) and Visa ($567 billion), two behemoths of the global economy.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>This meteoric rise was driven by a renewed interest in Bitcoin, which saw its price approach $50,000 in early 2024 amid uncertain macroeconomic conditions. Many investors now consider crypto as a store of value on a par with gold.</p>
<p>Some analysts even predict that Bitcoin could surpass gold in market capitalization in the coming years, given the limited number of Bitcoins in circulation. Its position in the global top 10 confirms Bitcoin’s status as one of the most significant assets on the planet.</p>
<p>This crowning achievement is all the more remarkable given that the digital currency is only 15 years old. In just over a decade, Bitcoin has established itself as a new asset class, demonstrating exceptional resilience.</p>
<h2 id="h-towards-widespread-crypto-adoption">Towards Widespread Crypto Adoption?</h2>
<p>Although still far behind traditional assets such as gold ($13.6 trillion in market capitalization), <a href="https://companiesmarketcap.com/assets-by-market-cap/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s rise</a> symbolizes the increasing democratization of crypto among the general public and institutional investors.&nbsp;</p>
<p>More and more companies and investment funds are including a Bitcoin allocation in their portfolios. The launch of crypto-backed ETFs in 2023 also contributed to this enthusiasm.</p>
<p>The presence of exchange-traded funds makes investing in crypto more accessible to individual investors. Some issuers are even considering using the Bitcoin blockchain for the issuance of financial instruments.</p>
<p>This growing adoption confirms the potential of crypto as a new investment class. It paves the way for complete integration between decentralized finance and traditional finance.</p>
<p>By entering the top 10 of the world’s largest <a href="https://www.cointribune.com/en/crypto-ethereum-surpasses-the-threshold-of-2-million-active-users/" target="_blank" rel="noopener noreferrer nofollow">assets</a> after only 15 years of existence, Bitcoin proves its resilience and shows the distance traveled. Its presence alongside traditional values confirms the potential of crypto to revolutionize finance in the coming years.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>

Bitcoin integrates the top 10 of the largest global assets by 2024

Table of Contents

Cointribune EN

Other articles published on Feb 12, 2024

UK Tech Startup RobinAI Advocates for Light Touch AI Regulation

Vitalik Buterin Emphasizes The Importance Of Web3 Security Strategy To Combat Deepfake Video

Cardano (ADA) Price Prediction: Investors Turn To Smog (SMOG) and Bitcoin Minetrix (BTCMTX) Inste...

Digital Asset Investment Funds Record $1.1 Billion Inflows as AUM Taps $59 Billion

ERC-404 Tokens Experience Sudden Market Tumble

Joe Biden Attracts Attention with the Bitcoin ‘Laser Eyes’ Meme

Join our free newsletter for daily crypto updates!