bitcoin, bitcoins, potential,

Approximately $50B worth of Bitcoin are now held by ETFs, countries, public and private companies.

Sep 18, 2023 · 1 min read · 301 points
Approximately $50B worth of Bitcoin are now held by ETFs, countries, public and private companies.
Share this

Learn more about how Bitcoin fits within an investment portfolio and the impact of an allocation to Bitcoin.

Highlights

  • Bitcoin’s limited supply of 21 million means that the price could move upward as adoption increases.
  • Bitcoin’s limited supply and increased mining difficulty over time may support the idea of Bitcoin as a long-term store of value and as an alternative to gold.
  • In 2021, El Salvador made headlines by declaring Bitcoin as legal tender.
  • The next halving is expected to occur in April 2024.
  • Historically, the price of Bitcoin has rallied leading up to and following a halving.
  • Bitcoin interest among institutional investors has also increased among hedge funds, asset management firms, and endowments.

Read the original article

Join Newsletter
Get the latest news right in your inbox. We never spam!