Bitcoin (BTCUSD)

[Investors3]

Bitcoin Is Now a Trillion-Dollar Asset: Where Do We Go From Here? — [CoinDesk Podcast Network, EP. 518]
Feb 19, 2021
Nathaniel Whittemore

The milestone isn’t just psychological, and potentially opens entire new groups of investors who couldn’t participate previously.

https://www.coindesk.com/podcasts/coindesk-podcast-network/bitcoin-is-now-a-trillion-dollar-asset-where-do-we-go-from-here

Bitcoin is officially a $1 trillion asset. As the price surged over $54,000, the total market cap of bitcoin reached the new all-time high.

In this episode, NLW explores the significance of the milestone, arguing:

* There has been a slate of good news, from BlackRock rumblings to
Canadian ETFs that have been driving recent price action

* There are a variety of institutions that couldn’t allocate to the
space before because it was too small but which are now in play

* In the wake of the milestone, we’re likely to see more research
house FUD

* We’re also likely to see a number of major bitcoin positions
announced in the days to come