Bitcoin (BTC), the world’s largest cryptocurrency, has officially earned its place among traditional macro asset classes such as real estate, energy commodities, bonds, equities, and precious metals. According to renowned trader Willy Woo, the defining criterion for inclusion is surpassing a $1 trillion market capitalization—a milestone Bitcoin has long surpassed.
With a market cap of $2.05 trillion—part of the broader $3.34 trillion cryptocurrency market—Bitcoin has firmly established itself as a global macro asset. Woo, who shared this insight with his 1.1 million followers, highlighted Bitcoin’s unique status as the first newcomer to join the macro asset list in 150 years. Historically, the last major addition was energy commodities like oil in the late 1850s, while real estate joined even earlier, in the early 1800s.
Bitcoin’s rapid ascent is also unprecedented. In just 16 years, it not only emerged as a global macro asset but also pioneered the entire asset class of cryptocurrencies. Discussions with global macro investment funds suggest consensus among investors that Bitcoin’s journey is far from over.
Currently trading at $103,264, Bitcoin’s market capitalization has grown 7% over the past week, reclaiming its $2 trillion threshold.
Meanwhile, Ethereum (ETH) supporters argue that the second-largest cryptocurrency may prove an even stronger Store of Value (SoV) due to its inflation-resistant features. However, per Woo’s criteria, Ethereum—currently trading near $2,700—would need to increase by roughly 200% to reach the market capitalization necessary to join Bitcoin in the macro asset class.
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