The Economist: Bitcoin’s 138% surge in ’24 is a nonsense-free rally
Bitcoin has surged to over $100,000 since Donald Trump's election, with cryptocurrencies now valued at nearly $4 trillion. This rally differs from previous booms, driven more by institutional investors like hedge funds than by speculative excitement. Bitcoin's rise is fueled by large investors and regulatory changes, such as Trump's SEC nomination of crypto advocate Paul Atkins. While crypto's future is more institutional, the current surge promises significant profits for investors.
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From The Economist, published under licence. The original article can be found on www.economist.com
© 2024 The Economist Newspaper Limited. All rights reserved.
The Economist
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