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  1. coinfeeds-bot on

    tldr; Bitcoin’s Store of Value (SoV) has reached $1.03 trillion as of December 29, 2024, marking an 85% growth this year, according to Ki Young Ju, CEO of CryptoQuant. This increase reflects Bitcoin’s role as a digital asset for wealth preservation, combining on-chain and off-chain data to estimate the total capital stored in the network. The rise in SoV indicates growing adoption and interest in Bitcoin, driven by institutional adoption and macroeconomic factors. The SoV Index is a key metric for assessing Bitcoin’s adoption and impact.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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