Bitcoin integrates the top 10 of the largest global assets by 2024
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.
The Rise of Bitcoin
With a market capitalization of $947 billion, Bitcoin established itself as the 10th largest asset in the world in 2024. It now surpasses Tesla ($616 billion) and Visa ($567 billion), two behemoths of the global economy.
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.
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.
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.
Towards Widespread Crypto Adoption?
Although still far behind traditional assets such as gold ($13.6 trillion in market capitalization), Bitcoin’s rise symbolizes the increasing democratization of crypto among the general public and institutional investors.
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.
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.
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.
By entering the top 10 of the world’s largest assets 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.
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Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.