Posted 3/7/2024, 6:00:00 PM
Bitcoin Soars Past $66K and Closes In on Gold as Investor Favorite
- Bitcoin now makes up a larger share of investor portfolios than gold when adjusting for trading volumes
- Bitcoin's price recently hit a new all-time high above $66,000
- New bitcoin spot ETFs could hold $62 billion in bitcoin within 2-3 years
- Bitcoin is benefiting from speculation about interest rate cuts and the upcoming halving event
- Investors have been shifting towards bitcoin and away from gold in their portfolios