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The world of Crypto Assets is experiencing a remarkable wave of development. Bitcoin's market capitalization has once again surpassed that of e-commerce giant Amazon, reaching an astounding $2.421 trillion, making it the sixth largest mainstream asset globally. This breakthrough achievement highlights the increasingly important role of Crypto Assets in the global financial landscape.
Meanwhile, retail giants are also beginning to take the potential of Crypto Assets seriously. The well-known American convenience store brand Sheetz, valued at $6.2 billion, announced that it will start accepting Bitcoin and other Crypto Assets as a payment method. To encourage customers to use this emerging payment method, Sheetz even promised to offer discounts of up to 50% each day for customers who spend using Crypto Assets. This initiative follows in the footsteps of another fast-food chain, which saw a 10.7% rise in same-store sales in the second quarter after supporting Bitcoin payments in its locations across the country.
In the corporate world, Strategy's investment strategy in Bitcoin has reached a five-year milestone. This bold move has brought substantial returns to the company, with its stock price soaring nearly 2600% since 2020. Michael Saylor, the founder of Strategy, continues to hold a strong belief in Bitcoin, and he recently released Bitcoin-related information again, emphasizing the potential benefits of continuing to invest in Bitcoin.
These developments together depict a picture where Crypto Assets, particularly Bitcoin, are gradually integrating into the mainstream economy. From investment tools to everyday payment methods, Crypto Assets are changing people's traditional perceptions of currency and value storage. However, despite the bright prospects, investors and businesses still need to cautiously assess risks, as the volatility of the Crypto Assets market remains high. As more traditional enterprises and institutions embrace Crypto Assets, we may be witnessing the beginning of a monetary revolution.