Cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services or traded for a profit. Bitcoin is the most well-known and widely used cryptocurrency in the world. The recent crypto rally has financial advisers taking another look as investors worry about missing out on big gains. The price of bitcoin has recently surged to record highs as investors pour money into new bitcoin ETFs. Here's what investors should know.
As with any investment, there are risks associated with investing in bitcoin. The price of bitcoin is highly volatile and can fluctuate dramatically in a short period of time. It is important for investors to carefully consider their risk tolerance and investment goals before investing in bitcoin. Will Bitcoin ever rise again? This guide will help you understand all the possibilities for Bitcoin prices in 2024 and if the cryptocurrency is a good investment for you.
Bitcoin just hit an all-time high, but Cathie Wood thinks this is just the beginning. Cryptocurrency investors spent much of 2023 waiting for good news. Following the late 2022 collapse of FTX — at the time the world's largest exchange — many investors were left wondering what the future held for the cryptocurrency market.