There’s a $450 billion behemoth forging BTC’s path to $100k
The Crypto-Industrial Complex, now valued at nearly $450 billion, is pivotal in propelling Bitcoin's journey towards $100,000. This complex, distinct from the total crypto market capitalization exceeding $3 trillion, includes influential entities like MicroStrategy, Coinbase, and leading stablecoins such as USDT and USDC. Additionally, decentralized finance (DeFi) platforms like Uniswap and Aave play a crucial role as they provide the foundational infrastructure for liquidity and trading. Michael Saylor's advocacy for Bitcoin, the growing adoption of stablecoins, and the ongoing activity from public miners are all contributors to the increased demand and price resilience. With a year-on-year growth of 140%, the Crypto-Industrial Complex is on the cusp of reaching new valuation heights, highlighting the growing importance of these interconnected entities in the broader crypto ecosystem.
Source 🔗