Bitcoin Realized Cap Nears $1 Trillion as Institutional Demand Surges
- It took approximately two years from 2011 to 2013 for the Realized Cap to go from 1$ million to 1$ billion, and nearly six years to go from $100 billion to $1 trillion
- The overall market capitalization of Bitcoin has surpassed $2.1 trillion
- The cryptocurrency is close to reaching its all time high of around $109,100
Glassnode shared a chart showing that Bitcoin Realized Capitalization has surpassed $900 billion and is nearing $1 trillion.
This metric, which tracks the value of all Bitcoins at the price they were last moved, is widely viewed as a more nuanced indicator of market strength than traditional market cap.
Growth Accelerates as Realized Cap Approaches Historic Level
Interestingly, it took approximately two years from 2011 to 2013 for the Realized Cap to go from 1$ million to 1$ billion. On the other hand, the leap from $100 billion to $1 trillion has taken nearly six years, indicating that increasing capital is required for each successive growth phase.
Not long ago, the overall market capitalization of Bitcoin has surpassed $2.1 trillion, positioning it as the sixth-largest asset globally by market cap. This is rather mind blowing when yo…
The post Bitcoin Realized Cap Nears $1 Trillion as Institutional Demand Surges appeared first on Coin Edition.
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Bitcoin Realized Cap Nears $1 Trillion as Institutional Demand Surges
- It took approximately two years from 2011 to 2013 for the Realized Cap to go from 1$ million to 1$ billion, and nearly six years to go from $100 billion to $1 trillion
- The overall market capitalization of Bitcoin has surpassed $2.1 trillion
- The cryptocurrency is close to reaching its all time high of around $109,100
Glassnode shared a chart showing that Bitcoin Realized Capitalization has surpassed $900 billion and is nearing $1 trillion.
This metric, which tracks the value of all Bitcoins at the price they were last moved, is widely viewed as a more nuanced indicator of market strength than traditional market cap.
Growth Accelerates as Realized Cap Approaches Historic Level
Interestingly, it took approximately two years from 2011 to 2013 for the Realized Cap to go from 1$ million to 1$ billion. On the other hand, the leap from $100 billion to $1 trillion has taken nearly six years, indicating that increasing capital is required for each successive growth phase.
Not long ago, the overall market capitalization of Bitcoin has surpassed $2.1 trillion, positioning it as the sixth-largest asset globally by market cap. This is rather mind blowing when yo…
The post Bitcoin Realized Cap Nears $1 Trillion as Institutional Demand Surges appeared first on Coin Edition.
Read More