Wednesday, May 29, 2024

What follows Bitcoin’s all-time high?

Bitcoin has been going through an eventful phase over the last few years. The more it enters the limelight, the more attention it gets from regulatory bodies. For a long time, Bitcoin was considered to be a restricted domain reserved for computer geeks and financial gurus. Things are very different now. More people than ever are now interested in buying Bitcoin. Not just common people, huge business houses are showing interest in cryptocurrency. For most of them, not taking part in the crypto race means losing out to competitors by a significant margin. That’s the reason we are seeing more and more corporates trying to enter the Bitcoin space. Many top investors, including Mark Cuban, have already talked of Bitcoin’s superiority over gold due to its algorithmic scarcity. In this context, Bitcoin’s touching the $67,000 mark is proving to be a prophecy that comes true.

Ever since Bitcoin bounced back after a period of slump induced by China’s crypto ban, it has grown steadily. By touching the $67,000 mark, Bitcoin officially reached its highest ever price. There can be various reasons behind this stellar growth, but some are important than others. For example, Proshare’s launch of Bitcoin-based ETFs is creating waves in the crypto community. Proshare’s ETF broke all records on the very day of its launch. On top of that, regulators from the United States have made it clear that they are not going to ban crypto any time soon. Instead, they are looking forward to stricter regulations in the crypto space. In this context, it is safe to say that Bitcoin’s future looks good.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
RELATED ARTICLES

Most Popular