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Coin Edition 2024-12-30 09:25:40

Bitcoin Store of Value Index Hits $1.03 Trillion: ‘Digital Gold’ Gains Traction

Bitcoin Store of Value Index Hits $1.03 Trillion: ‘Digital Gold’ Gains Traction

Bitcoin’s SoV Index hits $1.03 trillion, showing its growth as a store of value. The SoV Index grew 85% in 2024, reflecting Bitcoin’s increasing value in global finance. Bitcoin’s value as a store of wealth is gaining recognition despite market price volatility. Bitcoin’s position as a store of value (SoV) has reached a new milestone. The SoV Index, which measures the amount of capital stored in Bitcoin, hit $1.03 trillion on December 29, 2024. Crypto analyst Ki Young Ju highlighted this achievement on X, noting Bitcoin’s growing recognition as a digital asset with long-term value. #Bitcoin serves as a Store of Value (SoV). So, how much capital is stored on the network? Combining off-chain and on-chain data, the estimate is $1.03T, up 85% this year. pic.twitter.com/87db5xgK3k — Ki Young Ju (@ki_young_ju) December 30, 2024 Read also : Goldman Sachs CEO: Bitcoin Could Serve as Store of Value, Hints at Fed Rate Cut Delay The SoV Index combines on-chain and off-chain data to track Bitcoin’s journey from a niche digital currency to a mainstream financial asset. This recent surge represents an 85% increase from the previous year, underscoring Bitco… The post Bitcoin Store of Value Index Hits $1.03 Trillion: ‘Digital Gold’ Gains Traction appeared first on Coin Edition .

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