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What is happening to BTC?🙊#Writing2Earn
💥💥💥
Bitcoin (BTC), the pioneer of cryptocurrencies, has witnessed significant fluctuations over time. Here are some key insights:
Price Movement:
1 day: Bitcoin experienced a -4.93% decline.1 week: The price dropped by -5.20%.1 month: A positive trend of 6.81% was observed.6 months: Remarkably, the value surged by 138.45%.Year to date: A substantial growth of 56.79% occurred.1 year: The price soared by 135.13%.5 years: Over this period, Bitcoin skyrocketed by an astonishing 1232.40%.All time: The cumulative growth stands at an astounding 607771.56%1.
Market Capitalization:
Current market cap: $1.30 trillion (fully diluted market cap: $1.39 trillion).24-hour trading volume: $43.22 billion.
Volume-to-market cap ratio: 0.0308.All-time high: $73,794.Circulating supply: 19.67 million BTC.
Max supply: 21.00 million BTC1.
Bitcoin’s Significance:
Bitcoin remains the most traded cryptocurrency globally.
It was the first digital coin, paving the way for an entirely new asset class.
Advocates believe it could revolutionize the global financial system, although this remains speculative1.
Bitcoin’s journey from its inception to its current status as a financial disruptor has been nothing short of remarkable. Whether it will fulfill its potential as a transformative force remains to be seen, but its impact on the world of finance is undeniable.
#write2toearn #TrenddingTopic #BTC 💥💥💥
💥💥💥
Bitcoin (BTC), the pioneer of cryptocurrencies, has witnessed significant fluctuations over time. Here are some key insights:
Price Movement:
1 day: Bitcoin experienced a -4.93% decline.1 week: The price dropped by -5.20%.1 month: A positive trend of 6.81% was observed.6 months: Remarkably, the value surged by 138.45%.Year to date: A substantial growth of 56.79% occurred.1 year: The price soared by 135.13%.5 years: Over this period, Bitcoin skyrocketed by an astonishing 1232.40%.All time: The cumulative growth stands at an astounding 607771.56%1.
Market Capitalization:
Current market cap: $1.30 trillion (fully diluted market cap: $1.39 trillion).24-hour trading volume: $43.22 billion.
Volume-to-market cap ratio: 0.0308.All-time high: $73,794.Circulating supply: 19.67 million BTC.
Max supply: 21.00 million BTC1.
Bitcoin’s Significance:
Bitcoin remains the most traded cryptocurrency globally.
It was the first digital coin, paving the way for an entirely new asset class.
Advocates believe it could revolutionize the global financial system, although this remains speculative1.
Bitcoin’s journey from its inception to its current status as a financial disruptor has been nothing short of remarkable. Whether it will fulfill its potential as a transformative force remains to be seen, but its impact on the world of finance is undeniable.
#write2toearn #TrenddingTopic #BTC 💥💥💥
Bitcoin replace gold Value ?🙊
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Bitcoin will never replace gold as the ultimate store of value. - Peter Schiff
On March 6, Bitcoin's price skyrocketed above $70,000, smashing the previous record set in November 2021 during the epidemic. Similarly, gold hit a new all-time high of $2,145.37, beating its previous high from last December.
Economist Peter Schiff expressed worries about Bitcoin's recent price spike, particularly in relation to gold. Despite Bitcoin achieving new highs in dollar terms, he noted that when evaluated against the precious metal, the principal crypto asset has not reached new highs.
Schiff's comments come against the backdrop of Bitcoin's impressive performance improvements. The cryptocurrency increased by more than 155% in 2023, and this upward trend is expected to continue into 2024, when it will have added almost 67% in value. This spike coincides with the SEC's approval of spot Bitcoin exchange-traded funds, which is boosting institutional investor sentiment.
Schiff, known for his critical attitude on Bitcoin, also criticized the media's portrayal of the cryptocurrency and questioned the viability of trading Bitcoin ETFs.
so what is the fate of bitcoin in the future digital economy?
++++++++++++++++++++++++++++++++++++++++
Bitcoin will never replace gold as the ultimate store of value. - Peter Schiff
On March 6, Bitcoin's price skyrocketed above $70,000, smashing the previous record set in November 2021 during the epidemic. Similarly, gold hit a new all-time high of $2,145.37, beating its previous high from last December.
Economist Peter Schiff expressed worries about Bitcoin's recent price spike, particularly in relation to gold. Despite Bitcoin achieving new highs in dollar terms, he noted that when evaluated against the precious metal, the principal crypto asset has not reached new highs.
Schiff's comments come against the backdrop of Bitcoin's impressive performance improvements. The cryptocurrency increased by more than 155% in 2023, and this upward trend is expected to continue into 2024, when it will have added almost 67% in value. This spike coincides with the SEC's approval of spot Bitcoin exchange-traded funds, which is boosting institutional investor sentiment.
Schiff, known for his critical attitude on Bitcoin, also criticized the media's portrayal of the cryptocurrency and questioned the viability of trading Bitcoin ETFs.
so what is the fate of bitcoin in the future digital economy?