Bitcoin Reaches $1.7 Trillion Market Cap, Now 1.3% of $128 Trillion Global Money Supply

Bitcoin's market capitalization has reached $1.7 trillion, accounting for 1.3% of the global money supply, which is estimated at $128 trillion. Despite its current market share, analysts suggest that there is substantial room for growth, indicating that Bitcoin remains in the early stages of its adoption. The global money supply is predominantly fiat currency, making up 84%, while gold constitutes 15%. The bullish sentiment surrounding Bitcoin's potential is echoed by multiple sources, emphasizing the cryptocurrency's early position in the financial landscape.

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