Bitcoin Exceeds $70,000!
Bitcoin has been oscillating between 66K-70K for a while, and today it surpassed $70,000 again. Holding above this area and breaking ATH will bring increases for the market.
So, what is the reason behind this rise? Is this the start of a new record or a short-term surge?
We want to share our thoughts with you.
Recently increasing inflation and geopolitical tensions have pushed investors to seek safe havens. This situation increased the demand for gold and dollars, as well as increased interest in cryptocurrencies such as Bitcoin. Also recently, interest in Bitcoin from large institutional investors such as BlackRock and MicroStrategy has increased. Bitcoin and Ethereum ETFs approved. We think this is an important factor that can increase the demand for Bitcoin and therefore its price.
So what do you think? Will this rise of Bitcoin be permanent or should we approach it cautiously?
