By Facundo Zamora, CEO Finanflix and Juan Ignacio Murua, CFO Finanflix
Ever since Blackrock (NYSE: BLK) announced its Bitcoin (CRYPTO: BTC) ETF, the market cap of BTC has surged, now exceeding one trillion dollars—a monumental figure. To put this into perspective, even if you combined the market caps of major corporations like Coca-Cola (NYSE: KO), Disney (NYSE: DIS), AMD (NASDAQ: AMD), and Intel (NASDAQ: INTC), their total would still fall short of BTC’s colossal valuation. This staggering growth not only underscores the significant market confidence following Blackrock’s endorsement but also highlights Bitcoin’s expanding influence in the financial world. The waterfall effect is inevitable, with smaller yet substantial funds like Fidelity and Templeton following the same path.
The market is rarely wrong when it comes to pricing in announced future events, and today we are witnessing Bitcoin price reaching an all-time high…
