Bitcoin which where designed by the pseudonymous Satoshi Nakamoto sometimes in 2008 which was considered less fancy then as most people didn't give much attention to the idea which was designed primarily as a digital store of value which can be made to make digital transactions removing the place of a third party is today revolutionizing the world especially on the digital space , Bitcoin now accounts for 1.7% of the total money in the world world with a market cape of about 2.35 trillion dollars versus a global m2 of about 140 trillion dollars.
This milestone is a testament of Bitcoin ever growing micro economic importance which is deep rooted in institutional adoption what started as a fringe assert is now one of the biggest investment drives of the world today.
https://www.bitget.com/news/detail/12560604913470Bitcoin was designed to be a peer-to-peer electronic cash system, not a store of value. You can read it in the whitepaper and that's why I have always been against holding Bitcoin because holding kills it, we need to regularly use Bitcoin for what it was created, a p2p transactions. The more transactions we make, more alive the currency will be, the more adoption and support we will see but today things are changing. Governments and big corporations like BlackRock are pushing it to become a store of value and not a p2p electronic cash system because they buy lots of Bitcoins to hold them. Today, I do not advocate against holding, instead, I support holding because we shouldn't let the government buy Bitcoin cheaply from us to later sell that expensively to us.
It's very good that Bitcoin constitutes about 1.7% of money in the world. This number will only grow in the near future.