/ Conviction Index / Bitcoin (BTC)

Bitcoin (BTC)

L1 Blockchain · BTC · Launched Jan 2009
A

Excellent (A) — Conviction Grade

Bitcoin is the canonical store-of-value digital asset and the largest cryptocurrency by market cap. The category-defining digital asset; protocol security has been continuously battle-tested for 17+ years. Spot-ETF approval (Jan 2024) brought institutional capital onchain. Regulatory posture clearest of any digital asset — SEC has explicitly stated BTC is not a security. The base layer of the entire digital-asset thesis.

94
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Protocol Security
A
Governance Decentralization
A
Liquidity
A
Adoption & Utility
A
Regulatory Posture
A
/ Public-Record Events

Key events & disclosures.

  • Genesis block Jan 2009
  • Spot ETF approval Jan 2024 (BlackRock IBIT et al.)
  • SEC non-security stance reaffirmed
  • Multi-decade protocol track record

/ Best for

Institutional digital-asset allocations seeking the most regulatory-clear, deeply-liquid, multi-decade-tested digital asset. The required base allocation in any institutional crypto portfolio.

/ Watch out for

Concentration risk: ~5-10% of supply controlled by largest holders. Energy-consumption narrative remains a political vulnerability.