Quote from: Relonage on April 07, 2024, 02:46:17 AM

Bitcoin's total market cap has soared past $1.3 trillion, now sitting at a staggering $1,370,542,241,397. It has surpassed the total market value of the world's four largest banks combined!

BTW, with just two weeks left until Bitcoin's fourth halving, there are only 2,000 blocks remaining. Coinbase's institutional research analyst, David Han, dropped a report yesterday, highlighting Bitcoin's evolving status as digital gold. This increasing acceptance of Bitcoin as a 'digital gold' could potentially attract a fresh wave of investors into the market. This means that more demand brewing in this market ecosystem. So, brace yourselves, folks. Unlike previous cycles, we might witness a more aggressive buying spree during price pullbacks. Even in the midst of volatility, buyers could be more proactive this time around.

But let's not forget the golden rule of crypto: expect the unexpected. Bitcoin's journey has been nothing short of a rollercoaster ride, and volatility is its middle name. After all, in the world of Bitcoin, one thing's for sure: it's always an exhilarating ride!

This market cap is nothing for Bitcoin. By the way, it's now 1.39 trillion dollars. We are just 10 days away from halving, Bitcoin can indeed go a hell lot higher. But, while Bitcoin's trajectory may be unpredictable, the past history has shown a strong growth in long term, unlike any other traditional assets.

However, I feel that the comparison to the combined market value of the world's largest banks underscores the transformative potential of cryptocurrencies. Additionally, the expectation of a fresh wave of investors drawn to Bitcoin's perceived store of value suggests sustained demand and potentially more pronounced price movements. But at the end of the day, it's a roller-costar ride as we all know. Especially while day trading.