Bitcoin Is A Trillion Dollar Asset
Happy Friday, Blockfolians
The Lede
There is NO burying this lead. Bitcoin is a $1,000,000,000,000 asset. This is more than just another psychological milestone, but comes with some real world implications.
Friendly reminder.
There's an entire class of institutional capital that *can't* buy #Bitcoin before it hits $1tn market cap because it's just too small. These investors are largely price agnostic. They don't market time, they "allocate".
Meanwhile, bitcoin’s price just won’t stop going up.
Hope you don’t have big plans this weekend, because you know you’re just going to be glued to your phone.
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Highly Relevant Reading
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Community Commentary
All hail the laser eyes
Senators too
Profile picture: Sen. Cynthia M. Lummis (R-WY) campaign account "CynthiaMLummis"
pbs.twimg.com/profile_images… => pbs.twimg.com/profile_images…
A Really Big Number We Should Be Paying Attention To
$1,000,000,000,000
Yup.