Bitcoin’s value has skyrocketed to over $72,000, thanks to legislative changes and events that have made it easier for traditional investors to integrate Bitcoin into their portfolios. The recent endorsement of Bitcoin ETFs by US regulators and the Financial Conduct Authority in the UK has propelled cryptocurrency into the mainstream, leading to an influx of $10 billion in Bitcoin ETFs in the US. The increasing interest from institutional investors and the upcoming halving event in Bitcoin mining are also contributing factors to its current trajectory. However, investors are advised to be cautious as Bitcoin remains highly volatile.
