News and Announcements
5 Interesting Facts about Bitcoin
- Published December 04, 2024 12:55AM UTC
- Publisher Steve Torso
- Categories Capital Insights, Landing, Trending
At Emergence 2024, I outlined how when it comes to innovation, first, innovators equal the incumbent, then they 10X beyond it.
To celebrate this trend, here are 5 fun facts you may not know about the rise of Bitcoin and how it compares with incumbents, plus a fun fact about Coinbase:
- Pound for Pound: Bitcoin’s total value has surpassed the monetary base of the British Pound. Who would have thought a digital currency could outweigh the currency of a major global economy?
- Golden Opportunity: Bitcoin ETFs are catching up to Gold ETFs faster than a sprinter on rocket skates. They’ve achieved in months what took gold ETFs decades. Talk about a digital gold rush!
- BlackRock’s iShares Bitcoin ETF (IBIT) surpassed the AUM of its gold counterpart iShares Gold ETF (IAU) in less than 10 months, a feat that took the gold ETF 20 years to achieve.
Nasdaq Knockout: Coinbase’s market cap ($73.43B) has now surpassed that of Nasdaq Inc. ($48B). It’s like a student has become a master in the world of financial exchanges!
Two Mining Giants go Head to Head – Bitcoin vs BHP: Bitcoin’s market cap (US1.9T) is now 9.5X bigger than mining giant BHP’s (US$200bn). It’s like David became Goliath but with more zeroes and fewer pickaxes.
Index Invasion: Bitcoin’s valuation is approaching that of major stock indices like the FTSE or ASX. It’s as if a digital upstart crashed the party of traditional finance’s most exclusive club.
Bitcoin vs Nvidia: In the last week, Bitcoin is trading between $30 to $40 billion dollars worth of volume in every 24-hour period. This is double the amount of trading volume of Nvidia
Trending
Funding the Future: The Strategic Power of Venture Debt in a Volatile Market
Discover Martin Tang’s perspective on the evolving venture debt landscape in Southeast Asia, its strategic advantages over traditional VC, and its importance in navigating the current economic climate.
From Desert to Dairy: How Australia’s Wild Camels and Good Earth Dairy’s Technology are Transforming Infant Formula
“In the heart of Australia’s outback, an innovative dairy company is harnessing the world’s largest wild camel population to revolutionise infant nutrition, targeting the rapidly growing AUD $127B global infant formula market with hypoallergenic solutions.
World-First FDA Approval for EBR Systems’ Leadless Cardiac Device Opens US$3.6bn Market
Discover how EBR Systems’ groundbreaking WISE CRT System, the first leadless left ventricular pacing technology, has gained FDA approval, addressing limitations of traditional cardiac resynchronisation therapy.
Backed By Leading Investment Groups and Family Offices
