In 2024, Bitcoin reached a record HIGH of 108,000 USD before stabilizing at 98,334 USD. This impressive performance demonstrates its growing reputation as a reliable asset. Compared to gold’s 27% and the S&P 500’s 33% growth, Bitcoin’s 140% rise is remarkable.
The rise of stablecoins like Tether, with a market cap over 140 billion USD, is posing a challenge to traditional fiat currencies. As they gain traction, stablecoins are impacting the financial landscape, highlighting their potential coexistence with volatile cryptocurrencies like Bitcoin.