💰 Bitcoin’s market capitalization once ranked seventh in the world, and spot ETF performance surpassed gold

In the past six days, inflows into the U.S. Bitcoin spot market have exceeded $4.7 billion. This significant increase has allowed Bitcoin to jump to seventh place in the global market capitalization ranking.

Just yesterday, the market value of#Bitcoinonce surpassed that of Middle Eastern oil giant Saudi Aramco, becoming the seventh most valuable asset in the world. In addition, Bitcoin’s share of the cryptocurrency market has also reached a new high, reaching 61.38%.

Let’s look at the trend of the K-line chart and see that Bitcoin’s market share is still on an upward trend. Although Bitcoin’s market share briefly fell to 58.56% last weekend, overall, Bitcoin’s market share remains strong. This also seems to indicate that Bitcoin’s current market share has not entered a downward trend.

Therefore, there is a view that only when Bitcoin market share officially enters a downtrend and forms lower highs and lower lows, we may have a major altcoin season.

It is worth noting that since its creation at the beginning of this year, the inflow volume and market value of the Bitcoin Spot ETF have surpassed that of the gold ETF with a history of nearly 20 years.

And among all the more than 3,000 ETFs that have been issued, the performance of the Bitcoin spot ETF is undoubtedly the best in history. This phenomenon also shows that institutions, venture capital, investment banks, and savvy investors have extremely strong demand for Bitcoin. .

If you still regard Bitcoin as a worthless asset, an air project or a "pig-killing" scam, then you are likely to miss an excellent investment opportunity.

In summary, the surge in #比特币市值 and the outstanding performance of spot ETFs have allowed us to witness that digital currencies have gradually become a part that cannot be ignored in global asset allocation.

The strong momentum of Bitcoin not only shakes the dominance of traditional assets, but also brings new investment opportunities and perspectives to investors.

Perhaps it’s time to reassess the place of Bitcoin and cryptocurrencies in investment portfolios and think about its role in the future of financial markets.

In your opinion, how long will the strength of #比特币市占率 last? What does the change in Bitcoin’s market capitalization mean for the cryptocurrency market?What are your predictions and opinions on the future trend of Bitcoin?