Bitcoin secures trillion market cap first

We can also re-run these figures for annual transaction volumes rather than market capitalization, which is likely a better way of looking at it. Volumes are more closely tied to the fee market than market capitalization is, but the true volume is difficult to measure unlike the market capitalization. So, showing both market capitalization and volume can be helpful, and we can see where they might diverge. Historically, bitcoin’s monetary velocity (annual transaction volume, divided by market capitalization) is rather volatile: Bitcoin secures trillion market first ever A spot bitcoin ETF would be traded through a traditional stock exchange, although the bitcoin would be held by a brokerage, and would allow investors to gain exposure to the world's biggest cryptocurrency without having to own the coin themselves. Many crypto bulls believe that approval of a spot bitcoin ETF will lead to more mainstream institutional adoption.

Speaking to Decrypt, Quantum Economics analyst Jason Deane noted that for people who were involved in the crypto space from its early days, the $1 trillion BTC market capitalization may have been a long time coming but it was inevitable. Can Bitcoin’s First Felon Help Make Cryptocurrency a Trillion-Dollar Market? Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

The potential for tokenization via blockchain has been talked about as being transformative for the past few years but we are not quite at the point of mass adoption. Unlike automobiles or more recent innovations like ChatGPT or the Metaverse, blockchain is a back-end infrastructure technology without a prominent consumer interface, making it harder to visibly see how it could be innovative. Is Portugal taxing crypto at 50%? As reported by the on-chain analytics platform Glassnode, the milestone is one of the most notable for the apex cryptocurrency. It bears mentioning that Bitcoin’s market cap last visited these levels three years ago.

CoinRoutes CEO, Dave Weisberger, tells CNBC it could even net SEC Chairman Gary Gensler a political win — a spot bitcoin ETF would grant the regulator some oversight of the bitcoin spot market even though the token is not considered a security. What is a crypto wallet? Bitcoin's upward trajectory continued. In February, Coinbase reported selling $1 million worth of bitcoin in a single month at more than $22 each. By the end of March, with 11 million bitcoin in circulation, the currency's total value exceeded $1 billion. And in October, the first reported bitcoin ATM launched in a Vancouver, B.C., coffee shop.