Bitcoin (BTC) Fastest Asset to Cross $1 Trillion
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Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Bitcoin (BTC), the world’s leading digital asset, has a not-so-publicized record in the crypto and traditional finance ecosystem. This Bitcoin achievement is further complemented by the soaring price of the coin. Bitcoin’s increasing relevance According to prominent crypto analyst Fred Krueger, BTC is the fastest asset to cross the $1 trillion mark. In a post on X, Krueger posted a chart showing 10 assets whose value has crossed $1 trillion. According to the details, it took Bitcoin 12 years to reach a valuation of $1 trillion, making it the fastest asset to achieve such a feat. Related Meta Platforms follows behind Bitcoin, which hit the $1 trillion milestone 17 years after launching. Next on the list is Elon Musk’s Tesla, followed by Alphabet, which hit $1 trillion in 18 and 22 years, respectively. Saudi Aramco, a long-standing petroleum and natural gas company, marked 10th place as it hit $1 trillion in 86 years. Intriguingly, the leading cryptocurrency recorded the highest Compound Annual Growth Rate (CAGR) at 176.54%. CAGR measures an investment’s annual growth rate over time, with the effect of compounding taken into account. Therefore, Bitcoin’s latest CAGR means investors have received a 176.54% gain on their investments in the past year. This is a huge achievement for Bitcoin, as prominent firms like Microsoft recorded a CAGR of…
Filed under: News - @ November 13, 2024 6:15 am