This year marks 15 years since the birth of Bitcoin, and with more than 20,000 crypto currency now in existence, the overall market capitalization is approaching $1 trillion.
The market has been recovering since the collapse of FTX Trading at the end of last year, and as of the end of August, it was in the $27,000 range, which is about a 60% increase from the end of last year.
One of the key players in this is BlackRock, one of the world’s largest funds, which has applied for a bitcoin ETF.
They have $9.6 trillion in assets under management.
If this money comes into crypto money, further appreciation can be expected, and it is realistic to expect that the price will break through record highs again.
There is no doubt that the world is once again paying attention to crypto.
And just the other day, more big news came in.
It was revealed that X (Twitter), which was acquired by Elon Musk just a few days ago, has obtained licenses for crypto in seven states.
In his soon-to-be-released autobiography, Euron Musk also mentions that he funded the development of DOGE in the past and that he wants to create his own social networking service linked to the blockchain, so there is no doubt that Euron money is going back into the world of crypto.
According to some sources, he will soon be releasing tokens bearing his own brand, which he has been denying until now, and if this happens, we can expect to see the return of the crypto bubble.
Again, there is no doubt that the world is once again paying attention to crypto.