Bitcoin Grows to 2% of Global Equities, 1.67% Market Share vs Gold, Stocks, Dollar

Bitcoin's market capitalization has reached 2% of the FTSE All World Equity market cap, encompassing 4,294 companies, highlighting its growing significance in the global financial landscape. This comparison underscores the relevance of Bitcoin and equities as non-fiat properties. Additionally, Bitcoin's market share compared to gold, the U.S. stock market, and the U.S. dollar stands at 1.67%, signaling its increasing prominence. The cryptocurrency's position as the 5th most fee-generating protocol in the crypto space has sparked discussions about its potential as a 'cash flow generating' asset, especially if it were to implement an EIP-1559-style mechanism. This development has led to speculation about significant future investments, with references to Vanguard's $7.2 trillion potentially entering the market. Moreover, the adoption of Bitcoin ETFs, as evidenced by trading 69 shares at a time in retirement accounts, further illustrates Bitcoin's integration into traditional investment vehicles.