Bitcoin Is Up 100% This Year. It's Not Just Because of Spot BTC ETF Hype
Bitcoin rallied past $34,000 this week, and is up 106% so far this year after 2022's grueling grind lower.
The latest surge supposedly happened on excitement around a potential spot ETF approval, but are other factors at work?
Constrained supply, underinvested market participants and bitcoin's rejuvenated shine as a safe haven from troubled traditional markets and geopolitical turmoil are catalysts worth considering
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Source link: https://www.nasdaq.com/articles/bitcoin-is-up-100-this-year.-its-not-just-because-of-spot-btc-etf-hype#:~:text=The%20latest%20surge%20supposedly%20happened,turmoil%20are%20catalysts%20worth%20considering.