Posted 2/28/2024, 10:39:00 AM
Bitcoin Soars Over 200% as Investors Pour Billions Into Crypto Amid Economic Uncertainty
- Bitcoin's price has skyrocketed over 200% in 2023, rivaling the returns of mega tech stocks.
- Bitcoin exchange-traded funds have quickly amassed billions in assets, showing high interest.
- The upcoming Bitcoin "halving" in April should boost its price over the long-term.
- Bitcoin is emerging as a hedge against financial catastrophe due to rising US debt and deficits.
- Governments banning Bitcoin is a key risk, unlike with mega tech stocks.