Posted 3/11/2024, 9:32:31 PM
Bitcoin Soars Past $72K as Institutions Embrace Crypto, But Risks Remain
- Bitcoin hits new all-time high over $72,000 per coin; some investors thrilled while others remain cautious due to volatility
- Coinbase faces pricing pressure and growing competition in fees/commissions
- Institutions piling into Bitcoin via 9 new BTC ETFs with significant asset flows
- Leading asset managers like Fidelity and BlackRock endorsing crypto, driving adoption
- Investors should consider volatility, counterparty risk, fees when getting exposure to crypto