Coin Metrics: Bitcoin will catch big assets in 2024

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Crypto research and data company Coin Metrics predicts that it will not take too long for Bitcoin to capture other major asset classes, given the ongoing trend so far. In the last report shared by the company, the transaction volume of Bitcoin was compared with American stocks, bonds and global FX markets. Bitcoin’s daily spot market volume is currently only $ 4.3 billion. This figure is 446 billion dollars in the American spot stock market and 893 billion dollars in the spot bond market. In the global spot FX market, $ 1.98 trillion. “In 4 years, American shares …

Crypto research and data company Coin Metrics predicts that it will not take too long for Bitcoin to capture other major asset classes, given the ongoing trend so far.

In the last report shared by the company, the transaction volume of Bitcoin was compared with American stocks, bonds and global FX markets.

Bitcoin’s daily spot market volume is currently only $ 4.3 billion. This figure is 446 billion dollars in the American spot stock market and 893 billion dollars in the spot bond market. In the global spot FX market, $ 1.98 trillion.

“It will catch American shares in 4 years”

Based on these figures, Coin Metrics emphasizes that Bitcoin has a lot of space to grow. The company said, “If historical growth rates can be maintained, Bitcoin’s $ 4.3 billion daily trading volume in the spot market will reach the daily volume of all American shares in less than 4 years. It will also take less than 5 years for all American bonds to reach their daily volume. ” He makes his assessment.

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Noting that the current market conditions appear to favor the biggest cryptocurrency, Coin Metrics concludes that value store assets like Bitcoin are likely to remain popular in the current macro environment. “The political reaction to the coronavirus, the civil turmoil in the US, and the potential for the revival of trade wars between the U.S. and China should be supportive for value stores like Bitcoin.” uses expressions. The report also highlights the high level of correlation between gold and Bitcoin.


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