Bitcoin closing in on US$1 trillion value
‘LESS DUMB’ LIQUIDITY: If more companies start to speculate in cryptocurrency, ‘we’re going to be in bubble territory before you know it,’ a market analyst said
Bloomberg
Bitcoin is closing in on a market value of US$1 trillion, a surge that is helping cryptocurrency returns far outstrip the performance of more traditional assets such as stocks and gold.
The largest token has added more than US$415 billion of value this year to about US$956 billion, data compiled by Bloomberg showed. The Bloomberg Galaxy Crypto Index, which includes bitcoin and four other coins, has more than doubled.
Bitcoin nears $1 trillion value as crypto jump tops other assets
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FILE PHOTO: Speculators, corporate treasurers and institutional investors are thought to have stoked Bitcoin’s volatile ascent
(REUTERS)
. Updated: 19 Feb 2021, 12:03 PM IST Bloomberg
Bitcoin is closing in on a market value of $1 trillion, a surge that’s helping cryptocurrency returns far outstrip the performance of more traditional assets like stocks and gold
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Bitcoin is closing in on a market value of $1 trillion, a surge that’s helping cryptocurrency returns far outstrip the performance of more traditional assets like stocks and gold.
The largest token has added more than $415 billion of value in 2021 to about $956 billion, data compiled by Bloomberg show. The Bloomberg Galaxy Crypto Index, which includes Bitcoin and four other coins, has more than doubled.
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