Bitcoin has launched another upward offensive this (22nd) morning, briefly approaching $99,000, and most market investors are optimistic that BTC will break through $100,000 by the end of the year, with a market capitalization already exceeding $1.9 trillion.
Bitcoin becomes the 12th largest currency in the world
Against this backdrop, Bitcoin Magazine posted on the social platform X last (21st) night, stating that based on BTC valuation, Bit
coin has now surpassed the 19,760,251 BTC of the New Taiwan Dollar, with a total of 19,785,378 BTC, becoming the 12th largest currency in the world.Note: According to data from Macromicro, the total value of the New Taiwan Dollar M2 money supply is currently about 63 trillion, which is approximately 19.76 million BTC.
In addition, according to the latest data from Infinite Market Cap, Bit
coin has also surpassed Saudi Aramco, the national oil company of Saudi Arabia, with a market value of $1.917 trillion, becoming the 7th largest asset in the world.
Galaxy Digital CEO: Bitcoin will see a correction
However, in the face of Bit
coin's current strong performance, Galaxy Digital CEO Michael Novogratz recently stated that although Bitcoin breaking through $100,000 is inevitable, a correction may also appear soon, as there is currently a large amount of leverage in the market:After Trump's victory, the pace of Bit
coin breaking through $100,000 seems unstoppable, but this does not mean that BTC will continue to rise indefinitely, it will eventually correct, as the current market is highly leveraged, and the adjustment is imminent.
But Novogratz also added that although Bit
coin may correct, it will not fall below $80,000, the price level before Trump's election. At the same time, he also warned that Microstrategy stock, due to its huge leverage attributes, may face a greater adjustment:I suggest investing directly in Bit
coin, rather than companies like Microstrategy.
