Wow – that is parabolic. Yes, Bitcoin is hitting new numbers. Yet, what happens if everyone buys coins and just sleeps, hoping for new highs? Unlike when you buy company stocks, your BTC money is used to pay the person who sold you the coin. That contrasts with stocks in which the money received from investors is deployed into production activities, to create products and services. Even for gold, there is a physical thing at the end of the channel.
In a historic milestone, the total market capitalization of Bitcoin has exceeded $1.3 trillion, making it the ninth-largest asset in the world by market value. This means that Bitcoin is now worth more than some of the most influential companies in the world, such as Facebook, Tesla, and Amazon.
Bitcoin crosses $66,000 per coin; it is not only breaking new records but also breaking new grounds.
Bitcoin’s remarkable rise has been driven by several factors, including increased institutional adoption, growing public awareness, and favorable regulatory developments
It may be time someone in the African Union models how these new species of assets could affect Africa’s economy (Economics PhD students, research top). Indeed, what stops people pulling funds from stock exchanges and pump into Bitcoin, retire and enjoy.
AI + Bitcoin = A New Economic Order
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Wow – that is parabolic. Yes, Bitcoin is hitting new numbers. Yet, what happens if everyone buys coins and just sleeps, hoping for new highs? Unlike when you buy company stocks, your BTC money is used to pay the person who sold you the coin. That contrasts with stocks in which… pic.twitter.com/mXljJF2Sd5
— Ndubuisi Ekekwe (@ndekekwe) March 4, 2024
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