Bitcoin Held By Public Companies Now On Par With Past Market Cap

Bitcoin Held By Public Companies Now On Par With Past Market Cap

The Bitcoin market cap is hovering at roughly $211 billion currently, but four years earlier, it was a meager $6.8 billion. This figure matches the BTC supply public companies now hold alone, and it could provide the “writing on the wall” regarding what to expect in terms of the asset’s future growth.

Bitcoin Matures Into Corporate Reserve Asset, Domino-Effect Could Drive New Bull Run

The crypto market is evolving: decentralized finance is far more sustainable than the ICO boom, and Bitcoin is maturing into a respected asset alongside gold, stocks, and more.

Trending: President Trump Inspires New “Trump Dance Challenge” Online and People Are Loving It!

Related Reading | Square’s Bitcoin Investment Made $2 Million Over The Last 24 Hours

What was once a retail-driven asset class, is now being strongly considered by hedge funds, gold bugs, institutions, and recently, a trend of publicly-traded companies adding BTC to their corporate treasury reserves.

<img data-lazyloaded="1" src="×580-1.jpg" width="860" height="580" class="alignnone wp-image-446491 aligncenter" alt="bitcoin btcusd" data-srcset="×580-1.jpg 860w,×310-1.jpg 460w,×518-1.jpg 768w,×1036-1.jpg 1536w,×1382-1.jpg 2048w,×506-1.jpg

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!