🚀 Bitcoin's Wild Ride: From Spooked to Soaring! 🚀
- Bitcoin (BTC) has outshone almost every asset class over the past year, up a whopping 124% since September 2023, according to VanEck.
- Despite a recent dip that had investors biting their nails, BTC now commands 56% of the crypto market, with a market cap of $1.25 trillion.
- VanEck is bullish on BTC's future, citing its growing role as a store of value and the rise of BTC ETFs, now holding $55 billion in assets.
- The April halving hit miners hard, slashing rewards and profits, but BTC's long-term growth remains driven by mega-themes like decentralization and institutional adoption.
Source: VanEck