Here’s how the Bitcoin landscape has changed this year:
- Hundreds of public companies are now adding Bitcoin to their balance sheets.
- Total institutional ownership is now approximately 30.9% of Bitcoin’s circulating supply. This is double what it was last year.
- The U.S. administration has publicly embraced Bitcoin. New federal cabinet-level roles have been created to support digital asset integration.
- As of May 7th, U.S. banks are now allowed to hold Bitcoin, according to the Office of the Comptroller of the Currency (OCC).
- On june 24, Federal Reserve Chair Jerome Powell declared that Bitcoin has matured into a mainstream asset
- Multiple countries including the UK, China, and El Salvador are pursuing Bitcoin adoption.
- Bitcoin ETFs have grown from under $30 billion to $130 billion in assets.
- Bitcoin has averaged a 56% annual return over five years, outperforming the S&P 500, gold, and the “Magnificent Seven” tech stocks.
- Even assuming the growth rate slows from 56% to 21% annually, Bitcoin’s price would still be in the millions in the coming decades.
- Bitcoin’s price volatility is likely to decrease slowly over the years, as more institutions purchase it.
- Bitcoin represents less than 0.1% of global wealth today, but could reasonably capture 7% of global wealth by 2045.
- Bitcoin is probably the most secure network in the world.
- The Bitcoin network has achieved 100% uptime for over 12 years.
- The network currently draws about 10 gigawatts of continuous power (equivalent to the electricity consumption of Finland). This makes the network extremely costly to attack.
Disclaimer: This is not investment advice. Please do your own research.
