The crypto boom shows no signs of cooling.
With retail and institutional interest through the roof, digital currencies are exploding to new highs. Bitcoin is now up to $63,508. Ethereum is up to $2,266. XRP is at $1.76.
Even more impressive, the global crypto market just hit a $2.18 trillion valuation, which is just below the $2.23 trillion market cap of Apple. Better, Bitcoin’s market cap, according to Crypto Potato, is now bigger than Visa and Mastercard combined.
Helping, we’re getting closer to the launch of the Coinbase IPO.
In fact, as we mentioned on Monday:
“Since this is the first major U.S. cryptocurrency exchange to be publicly listed, it could be a major step towards the widespread adoption of digital currency and will go a long way towards legitimizing the industry. This is one of the big reasons why the company’s debut is attracting so much attention,” reported Entrepreneur.
Even major institutions are forcing digital currencies to higher highs.
Goldman Sachs’ David Solomon for example, says, “I think there’ll be a big evolution as to how this evolves in coming years,” adding, ““We continue to think about digital currencies and the digitization of money in a very proactive way,” he opined, mentioning specifically that his firm “can help clients facilitate custody positions in digital assets,” as quoted by Bitcoin.com.
There are even analysts predicting $100,000 Bitcoin. ARK Invest CEO Cathie Wood even believes, “$1 trillion in nothing compared to where this will ultimately be.”
Couple all of that with increased adoption from Visa, Mastercard, PayPal, Square, and dozens more, and you can see why cryptocurrencies are booming.
Remember, if cryptocurrencies aren’t for you, take a look at the crypto mining stocks for opportunity. All are exploding with the price of Bitcoin.
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