Reported 2 months ago
Bitcoin advocates are hopeful about new all-time highs for the cryptocurrency after it experienced a significant drop recently, falling below $50,000. Despite this decline, which marked the worst week since the FTX collapse, bullish analysts believe that bitcoin could rebound and surpass $100,000 by the end of 2024. Mixed sentiments remain as some debate whether bitcoin is truly a safe investment, noting its volatility and recent correlation with tech stocks. Overall, optimism persists among long-term investors who are looking ahead.
Source: YAHOO