5% of the world’s wealth in the hands of Bitcoin; The beginning of the golden age of crypto king!
Moorhead we on to state that Bitcoin is now in a strong upward trend, with around 300 million people worldwide holding it. According to him, about 5% of financial wealth is currely invested in Bitcoin, and this amou is likely to increase as regulatory rules in the United States become more transpare.
He also poied to the impact of bitcoin exchange-traded funds (ETFs) launched by major companies such as BlackRock and Fidelity, predicting that bitcoin could become a $15 trillion asset.
Moorhead also poied to Bitcoin’s 87% crash in December 2013, saying that at the time, Paera hotels were paid for in Bitcoin. He explained that for a 59-night stay, the company paid 88 bitcoins, which is now worth more than $8.6 million.
