Bitcoin Resurgence

The craziness of the crypto world has seen a surge in Bitcoin prices, up to a record of $69,000 which has made investors and your get-rich-quick types wake up, smelling a quick buck. Renewed interest in alternative assets as potential hedges is seeming attractive against the economic uncertainty we are facing.

The crypto surge has been propelled by a range of factors, including expectations of interest rate cuts by the US Federal Reserve, geopolitical tensions in the Middle East, and broader macroeconomic environment change. In layman’s terms, basically, money is predicted to rise over time and governments will make policies to counter this.

Gold, often seen as a safe-haven asset in times of turmoil, reached a fresh high of $2,098 an ounce. The rally in gold prices has had a ripple effect, making alternative investments becoming more attractive. Therefore, Bitcoin has benefited from this and buoyed by the anticipation of an upcoming “halving” event in April. This event, which occurs roughly every four years, reduces the rate at which new bitcoins are created. In simple economics, when demand outstrips supply, prices will increase. The last halving event in May 2020 led to a dramatic surge in bitcoin’s price to over $68,000 in 2021.

In addition to this, regulatory developments, such as the lifting of the ban on bitcoin exchange-traded funds by the US Securities and Exchange Commission, have contributed to Bitcoin’s growing mainstream acceptance. The availability and ease to obtain is further driving demand for the cryptocurrency.

We know Lots to digest in this article, Man5hit want to stress this is not a recommendation or advice, we are just reporting the facts on Bitcoin. We want to stress, before you invest, ensure you THOROUGHLY do your own research. To put things into perspective; the lowest closing price for Bitcoin (BTC) all-time was $0.05, on July 18, 2010. The latest price is $66,074 – a considerable range! So only invest what you’re prepared to lose!

How to invest?

Cryptocurrency investment options vary, including direct purchases, investing in crypto funds or companies. Buying crypto can be done through exchanges or select broker-dealers. Once acquired, managing, storing, and trading crypto can be done through a wallet.

Crypto exchanges/Online brokers

• Coinbase:
• Robinhood Crypto:.
• Gemini:
• Binance.US:.
• Webull Pay:
• Kraken:
• Crypto.com: