Embrace yourself for the latest rollercoaster ride in the world of Bitcoin! Just a blink ago, Bitcoin was dancing around the $98,000 mark. Fast forward to today, and bam! It smashes through expectations, skyrocketing to an all-time high of $118,820. This surge not only showcases Bitcoin's meteoric rise but also solidifies its position as a sought-after store of value and a strategic asset.
The Rise of IBIT: Redefining ETF Records
IBIT's Meteoric Ascent
BlackRock's iShares Bitcoin Trust (IBIT) is on fire, breaking its own records left, right, and center. In a jaw-dropping feat, IBIT has surged past $80 billion in assets under management, achieving this milestone in a mere 374 days. To put this into perspective, the Vanguard S&P 500 ETF (VOO) took a leisurely 1,814 days to hit the same mark, making IBIT's sprint five times faster!
The Phenomenal IBIT Landscape
Unveiling the IBIT Realm
Today, IBIT proudly stands tall at $83 billion, holding over 706,000 BTC. This makes it a heavyweight in the US ETF arena, ranking 21st in size. Just a couple of days back, IBIT also clinched a new all-time high of $63.58, signaling an insatiable appetite for Bitcoin.
The Labor of Bitcoin Ownership
The Price of Owning Bitcoin
Ever wondered how much sweat equity goes into owning a Bitcoin? Well, the average American now needs to toil for 3,766 hours, equivalent to almost two years at the average US wage, just to snag a single Bitcoin. That's a hefty investment in both time and effort!
Bitcoin: The 2025 Powerhouse Currency
Bitcoin's Currency Dominance
Bank of America Global Research's latest report drops a bombshell: Bitcoin reigns supreme as the top-performing currency of 2025. With an impressive 18.2% surge against the US dollar year-to-date, Bitcoin outshines 19 fiat currencies, including stalwarts like the Swedish krona and Euro. This data underscores Bitcoin's evolution from a digital asset to a global monetary powerhouse.
Bitcoin's Ascension in Market Cap
The Market Cap Marvel
Bitcoin is on a market cap rollercoaster, surpassing tech titan Amazon to claim the 5th position among the world's most valuable assets. Boasting a colossal market cap of $2.36 trillion and a price tag of $118,820, Bitcoin now rubs shoulders with the likes of Apple, Microsoft, and NVIDIA.
The Bitcoin Short Position Saga
The Short Position Showdown
The drama unfolds as over $463 million in Bitcoin short positions face liquidation amidst the escalating price surge. Brace yourself for more fireworks, as an additional $1.5 billion in short positions teeter on the brink of liquidation if Bitcoin hits the $120,000 mark.
Get ready to ride the Bitcoin wave, witness history in the making, and stay tuned for the next thrilling chapter in the world of cryptocurrency!
CFTC
How To
Investing in gold or stocks
Gold investing as an investment vehicle can seem extremely risky these days. This is because many people believe gold is no longer financially profitable. This belief stems from the fact that most people see gold prices being driven down by the global economy. They believe they would lose their money if they invested gold. However, investing in gold can still provide significant benefits. We'll be looking at some of these benefits below.
One of the oldest forms known of currency is gold. Its use can be traced back to thousands of years ago. It was used by many people around the globe as a currency store. Even today, countries such as South Africa continue to rely heavily on it as a form of payment for their citizens.
It is important to determine the price per Gram that you will pay for gold when making a decision about whether or not to invest. If you're interested in buying gold bullion, it is crucial that you decide how much per gram. You could contact a local jeweler to find out what their current market rate is.
It is important to remember that even though gold prices have dropped in recent times, the cost of making gold has risen. The price of gold may have fallen, but the production costs haven’t.
You should also consider the amount of your intended purchase when considering whether you should buy or not. It is sensible to avoid buying gold if you are only looking to cover the wedding rings. If you plan to do so as long-term investments, it is worth looking into. If you sell your gold for more than you paid, you can make a profit.
We hope this article has given you an improved understanding of gold investment tools. We recommend you do your research before making any final decisions. Only then can informed decisions be made.
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By: Oscar Zarraga Perez
Title: Unlocking Bitcoin's Soaring Success: A Deep Dive into IBIT's Record-Breaking ETF Surge
Sourced From: bitcoinmagazine.com/news/bitcoin-hits-new-all-time-high-as-ibit-breaks-etf-records
Published Date: Fri, 11 Jul 2025 16:04:15 +0000
