Bitcoin (BTC) has outperformed nearly every asset class in the past 12 months, but the recent decline has investors “scared.” According to VanEck’s report, BTC prices have increased by 124% since September 2023, with Bitcoin’s market cap reaching $1.25 trillion. This accounts for 56% of the crypto market.

VanEck predicts that Bitcoin’s long-term bull market will continue. There has been a 52% drop in transaction fees in 2024. BTC’s appreciation is explained by its increasing adoption as money.

US regulators have approved spot BTC ETFs, which have reached $55 billion in net assets. Bitcoin’s long-term growth is driven by mega-themes such as the increasing need for decentralized networks and institutional adoption.

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