Bitcoin All-Time High Before Halving: Here We Go | edge ruler | Coins | March 2024

By Crypto Gloom On Mar 13, 2024

In the rapidly changing cryptocurrency space, Bitcoin continues to make waves, recently hitting an all-time high.

(This article is based on a recent interview with Forbers, a prominent figure in the cryptocurrency industry.)

As digital currency surpasses digital currency Show $69,500Questions are raised about its trajectory and what is driving its unprecedented rise.

A conversation between Rosemary Miller (Forbes reporter) and Mike Belshe, CEO and founder of BitGo, revealed insights into Bitcoin’s surge and what lies ahead.

Belshe attributes much of Bitcoin’s recent rally to important developments in the cryptocurrency landscape, most notably the approval of Exchange-Traded Funds (ETFs) in January.

This approval marks a pivotal moment in the cryptocurrency journey as it opens a wider avenue for investors to directly access Bitcoin.

With its fixed supply and fixed monetary policy, Bitcoin offers an attractive alternative to traditional fiat currencies.

Belshe highlights the growing awareness among investors of Bitcoin’s potential as a store of value system, especially given the uncertainty surrounding traditional monetary policy.

The conversation explores the dynamics of Bitcoin investing, with Belshe suggesting that allocating a small portion of your portfolio to Bitcoin can yield significant returns.

He points out that this approach has been validated by major players such as Fidelity, which recently incorporated cryptocurrency allocations into its portfolio recommendations.