Market capitalization (often shortened to market cap) is the approximate total value of a cryptocurrency, typically shown in US dollars. The market cap of a cryptocurrency is calculated by multiplying the number of coins or tokens in existence by its current price. The coin currently trades just shy of all-time highs at $19, BTC is expected to move even higher as adoption continues to swell. Paul Tudor Jones once again supported Bitcoin publicly with a recent Yahoo Finance interview. He said that he thinks BTC’s market cap . 2 days ago · Bitcoin is listed on 91 exchanges with a sum of active markets. The 24h volume of [BTC] is $36 , while the Bitcoin market cap .
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Tudor Jones also said in a recent interview that investing in Bitcoin is like investing in Google or Apple early on into their lifespans. He further likened the current Bitcoin space to the technology space in the s and early s. Could you be next big winner? I consent to my submitted data being collected and stored. BTC continues to be accumulated by Grayscale, a leading digital asset fund manager.
That's because it is harder for bigger players to participate than professional investors who already have accounts and easy access to major exchanges, he explained.
As for the US dollar, the researcher expects the world's most popular reserve currency to be digitized sometime in the next five years. The status quo is working well for the dollar because it is dominant through the SWIFT mechanism and the corresponding banking system, he said. The US government can also raise debt at attractive interest rates, supporting the dollar's status. But a competitive challenge lies in the crypto space and in the rise of stablecoins. Shalini Nagarajan. Although the bitcoin rally was largely driven by institutional investors, he expects to see continued buy-in more from retail and Wall Street investors going forward.