Bitcoin, the world's biggest cryptocurrency, has emerged as a rival to gold and could trade as high as $146,000 if it becomes established as a safe-have asset, investment bank JPMorgan said on Tuesday.
Enforcement Directorate attaches assets worth Rs 98 crore of Shilpa Shetty and Raj Kundra in a crypto assets ponzi scheme case. The couple faces a money.. IndiaTimes
Euronews caught up with Yves Holenstein from Bitcoin Suisse AG to learn how the largest cryptocurrency is about to be part of our day-to-day lives in the next few years.
Credit: euronews (in English) Duration: 06:22Published
Bitcoin Rallies, on Hopes of Renewed Interest , Among Mainstream Investors.
On March 4, the price of Bitcoin broke $65,000,
bringing it closer to returning to an all-time
high reached in November 2021.
NBC reports that the latest rally has been driven
by hopes that the launch of bitcoin exchange-
traded funds will expand bitcoin's pool of buyers. .
In 2024, the cryptocurrency has
gained over 48%, rapidly approaching its
record intra-day all-time high of over $68,000.
In January, Bitcoin ETFs were first approved by
the Securities and Exchange Commission (SEC). .
The SEC said the approval of the ETFs were meant
to make it easier for investors to gain exposure to
Bitcoin without having to actually own the digital coins.
NBC reports that the world of crypto is also banking
on a potential rally following a technical event
known as "halving" scheduled to occur in April.
This event will see the rate of supply for new bitcoin
to decline, which could cause the value of the
cryptocurrency to increase if demand remains unchanged.
Some mainstream investment experts have
still urged caution when it comes to investing
in the controversial cryptocurrency.
With equities, you own a share
of a company that produces goods
or services, and many also pay
dividends. With bonds, you get
a stream of interest payments, Vanguard statement, via NBC.
Commodities are real assets that meet
consumption needs, have inflation-
hedging properties, and can play
a role in certain portfolios, Vanguard statement, via NBC.
While crypto has been classified
as a commodity, itβs an immature
asset class that has little history,
no inherent economic value,
no cash flow, and can create
havoc within a portfolio, Vanguard statement, via NBC
Credit: Wibbitz Top Stories Duration: 01:32Published
JPMorgan strategists see bitcoin rising to as high as $146,000, but DataTrek Research's Nick Colas tells Reuters' Fred Katayama why people shouldn't invest any more money on that volatile..
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