Four Signs of the Ocean Change of Bitcoin valuation Trillion Dollars

Bitcoin prices cruised to a historic record high price level of around $123,000 earlier this week.

Over the past 30 days, assets have increased by around 13% at the time of this writing. Meanwhile, the comparable 30-day window recorded a profit of 4.73% of the most popular US stock index.

In other words, Bitcoin scored an average of less than a week’s S&P 500 indexes while the stock market was stagnating. Furthermore, for trading that month, BTC provided a return on investment at almost three times the shares’ pace.

With both Bitcoin and US stocks trading at historic record highs, the 30D BTC Pearson correlation with the S&P 500 rose to a 72% positive correlation from a slightly reversed beginning in July to a 72% positive correlation by 7/11.

However, cryptocurrencies are climbing higher and faster. That’s because its total market capitalization is much lower than the S&P 500, making it easier for bullish markets to move the needle.

That’s also because Bitcoin is still relatively new and isn’t too far along the adoption curve of addressable markets as much as US stock favorites like Apple and Google.

Here are four indications of a marine change of Bitcoin valuation trillion dollars.

1. Bitcoin price is the best ever

After hitting the Ass, Bitcoin’s market capitalization reached $2.34 trillion. A trillion dollars ago, the BTC economy last moved at a market capitalization of $1.34 trillion on May 28, 2024.

That was $1 trillion added by Saver-Investors and users in just 13 and a half months. Once the currency paces at the peak of this multi-year bull run, it can pull that trick again in a shorter time.

Wall Street has taken the rally and divert billions of dollars a week from stocks and Bitcoin and the Ethereum ETF. Leveraged libertivities and futures traders are also pouring rocket fuel.

In its current appearance, BTC’s market capitalization overturned the global market valuation of Google and all silver on the ground.

This is a major milestone for Bitcoin, a powerful and useful engine, and a payment and savings platform like Silver Market. However, unlike silver, BTC can travel around the world at about the same speed as lightning. Unlike Google, it is protected by blockchain.

2. The US government is currently accepting mortgage BTC

The US government is now officially accepting Bitcoin and other cryptocurrencies as financial security for mortgages through Fannie May and Freddie Mac.

“Previously,” USA Today said, “Mortgage applicants had to convert their Bitcoin holdings to US dollars if they wanted to count crypto.” However, now BTC holders can maintain the crypto and list it as an asset in federal mortgage applications.

Previously, on 7/6, Benzinga and Yahoo Finance highlighted a question someone asked about Bitcoin use cases on Reddit.

“What is the use case if only 5% of the population owns BTC? So, if 19 million Bitcoin is currently “mint” and only 4% of the population is the owner, what is the “currency” owned by only 5% of the population? ”

This article focuses on the interests of Bitcoin’s market valuation and answers the answer to “the fundamental tensions that have been brewed in the crypto space for many years.”

At the end of June, the US federal housing finance agency now adopted one of the most compelling use cases for Bitcoin in history, making it a reality.

3. Corporate, Whale, and VCS bullish

Murano Global, a technology real estate lending platform with new stocks hot in Nasdaq, signed a stock financing agreement in July to buy $500 million worth of Bitcoin.

Therefore, the company sells its own shares and purchases BTC worth US$500 million in revenue.

Under this arrangement, investors will give Murano dollars in exchange for a company’s shares worth one dollar. Murano looks back and uses the dollar to buy Bitcoin worth dollars.

This is the financial promise of a company hedged by Bitcoin from the risk of inflation and wasted corporate spending, exceeding the investor’s interest in the company.

And it’s just an isolated example. We also have the strategy, Metaplanet and all other companies that run this playbook perfectly during this cycle.

80,000 BTC from 2011 makes monster splash

The growing market for long-term corporate Bitcoin buyer holders may have sellers willing to the mystical “Sleeping Beauty” address that has remained locked since 2011.

In early July, these 80,000 BTC moved for the first time in nearly a decade and a half.

They may already be on sale, and owners may be preparing to scoop up their long-awaited profits in anticipation of the rally peak that this monster’s Bitcoin Whira cannot escape at this time.

It’s still incredibly bullish for not only internet whales and corporate CFOs, but also for class-leading cryptocurrencies. VC has returned to providing serious funding for new blockchain startups.

Bitcoin has returned to raising venture capital at an invisible level since its final bull market peak in 2022.