Bitcoin's position as a store of value (SoV) has reached a new milestone. The SoV index, which measures the amount of capital held in Bitcoin, reached $1.03 trillion on December 29, 2024.

Crypto analyst Ki Yong Joo emphasized this achievement on X, noting the growing recognition of Bitcoin as a digital asset with long-term value.

The SoV index combines on-chain and off-chain data to track Bitcoin's journey from a niche digital currency to a mainstream financial asset. This recent surge represents an 85% increase compared to the previous year, highlighting the ongoing development of Bitcoin as an alternative store of wealth .$BTC $AGLD $DF #BtcNewHolder