#PowellRemarks it represents more than 40% of the total market value of the cryptocurrency market combined.

The importance of this cryptocurrency asset has recently increased, due to the growing number of companies and investment funds that accept Bitcoin as a means of payment or as a future investment asset, similar to gold and the dollar. For example, the car company Tesla invested over 1.5 billion dollars in Bitcoin at the beginning of 2021, and the same interest was expressed by the electronic payment services company Square and the software company Microstrategy, as well as the investment fund Blackrock, which converted part of its financial assets into Bitcoin. $BTC