While digital currencies across the board have divided opinion between financial institutions, and now have a market cap of around 175 Billion USD, the crypto sector coninues to grow, as it continues to see wider mainstreem adoption.
Bitcoin adoption has been particularly strong across Asian countries like India, Pakistan and Vietnam where recent surveys have found more than 40% of respondents holding cryptocurrency.
Last week we saw the first Bitcoin ETF launched by ProShares and new futures-based ETF funds can be expected from at least Invesco, VanEck, Valkyrie Digital Assets and Galaxy Digital.
Just like gold, Bitcoin provides a strong safetynet against inflation, global turmoil and any other shenanigans the market can throw out at an investor.
For example, during the 2012–2020 period, Bitcoin’s correlation with S&P 500, bonds, U.S.
The past years have given us a taste of how our future will most likely be pockmarked by geopolitical insecurity and worsening ravages of climate change and manmade disasters.
As of today, approximately 18.4 million Bitcoins out of a total of 21 million have been mined.
From a systems-integrity perspective, the upcoming halvenings and eventual end of rewards-per-block is a non-event.
The same cannot be said for the nominal price of Bitcoin, however.
MasterCard is also putting its bets on crypto, and we can expect its Bitcoin-linked card to become a consumer staple in the coming years.