đđ€ $BTC has outperformed almost all asset classes over the past 12 months, but the recent drop has âspookedâ investors, according to a report by VanEck dated Sept. 19.
Bitcoin spot prices have risen by approximately 124% since Sept. 2023, increasing its market share among cryptocurrencies. As of Sept. 20, BTCâs market cap was about $1.25 trillion, making up 56% of the total crypto marketâroughly 15% more than a year ago.
VanEck expects the âlong-term bull marketâ for Bitcoin to continue, noting that the current adoption of Bitcoin as an investment tool is driven by different forces compared to 2023.