Bitcoin still doing competition with traditional stocks: Bitcoin vs Apple
The trading volume of Bitcoin is high over the trading volume for Apple’s stock AAPL.
Crypto adoption is surging rapidly. In particular Bitcoin, adoption is moving separately in the world as a digital Gold for people. However, Bitcoin completed 13 years+ age in the internet world but still, it is under the competition of legendary shares like Apple, while Bitcoin as a digital Gold already grabbed the King’ crown in the world as the best asset to hold against inflation.
Finbold recently published a report on the trade volume of Apple vs the trade volume of Bitcoin. According to the report, Apple’s AAPL had $15.6 billion in trade volume in the last 30 days, to the date 9 March.
While in the same time frame, Bitcoin grabbed $24.73 billion worth of trading volume, which is 58.42% high than Apple stock.
The report noted that this latest pump in the trading volume was pushed because of the current geopolitical situation because of the Russia Vs Ukraine war. People from both of these two countries contributed to the Bitcoin trade volume.
The majority of the exchanges noted that an inflow of huge trading activities surged also because of new US crypto traders because the sudden hike in the crypto interest due to Russian vs Ukraine tensions acted as a catalyst to force the people to know more about crypto.
Positives news on the ways
In the present time, no negative news is coming for the crypto industry. In particular, the “Executive Order on Cryptocurrencies” of the US government is under process to be introduced. Under the new efforts, the crypto industry will get better favorable rules and regulatory frameworks. It will be a positive result for the crypto Industry.
On the last day, Cynthia Lummis from Wyoming confirmed that a crypto bill made by her is almost ready. The main aim of the bill is to provide clarity on the rules and regulations on crypto and also crypto Industry will evolve with the financial system.
Read also: Tether official says CBDCs will not impact stablecoins
