Bitcoin's Mainstream Adoption and Market Performance
Bitcoin has solidified its position as a mainstream investment asset. Since May 2013, its value has increased 700-fold, significantly outpacing the S&P 500's threefold growth. The approval of Bitcoin ETFs 15 months ago has been a major catalyst, enabling a surge in institutional and retail investment by providing a regulated investment vehicle. This shift has been further reinforced by corporate investments, with companies mirroring the strategy of earlier adopters like Strategy (formerly MicroStrategy). Meanwhile, other cryptocurrencies and blockchain projects have struggled to gain traction due to prevailing regulatory uncertainties and unfulfilled expectations, leaving them stuck in the "trough of disillusionment
