Catenaa, Thursday, January 09, 2025 – Bitcoin has claimed its spot as the 7th largest global asset by market value, overtaking silver and Saudi Aramco, after its price surged 124% in 2024 to reach $108,000. The cryptocurrency’s market capitalization now stands at $2.01 trillion, signaling growing acceptance within traditional finance.
A significant factor behind Bitcoin’s rise is the advent of spot Bitcoin ETFs, which have facilitated institutional investment by bridging traditional finance with the crypto world. These ETFs have attracted record inflows, driving increased adoption and reshaping Bitcoin’s perception from speculative asset to a legitimate investment vehicle.
Market analysts attribute Bitcoin’s growing popularity among institutional investors to its long-term investment potential. This shift in sentiment could set the stage for sustained growth, provided market conditions remain favorable.
The cryptocurrency sector also saw advancements beyond Bitcoin, with stablecoins like USDe from Ethena becoming essential for decentralized finance (DeFi). Meanwhile, artificial intelligence has enhanced trade strategies and risk management, making the space more accessible to both retail and institutional investors.
