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- Is Bitcoin Headed Up, or Down? 🪙🔮
Is Bitcoin Headed Up, or Down? 🪙🔮
Bitcoin's price has hit all time highs ... can it sustain the momentum?
Pete Cashmore
March 14, 2024
The backstory:
Bitcoin has hit an all-time high of over $70,000.
The rise has been spurred by the approval of Bitcoin ETFs, which allow investors to add Bitcoin to their portfolios more easily.
But Bitcoin has seen big bull runs in the past: Will the momentum sustain?
Our question of the day is: Will Bitcoin’s price be higher or lower in a year? 🤔
Our take:
❝
We may see volatility in the short term, but my guess is the price is higher a year from now because ETF investors are less likely to bail. (Not financial advice!)
— Pete
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