Bitcoin’s recent rally
Bitcoin recently broke through the 100,000 dollar ceiling, marking a new all-time high since its launch in January 2009. This milestone has caught the attention of investors and analysts, who are now wondering about the dynamics of the cryptocurrency market. However, after this peak, Bitcoin corrected, falling below 98 thousand dollars, with a value of 97,847 dollars in the morning. This fluctuation highlights the volatile nature of the asset, which continues to be taken advantage of by investors
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Volatility and investment opportunities
During the past few hours, Bitcoin has fallen significantly, losing up to 7% of its value, falling to 92,144 dollars. This volatility is an intrinsic aspect of the cryptocurrency market, where price swings can be rapid and unpredictable. Despite this, the total market capitalization of cryptocurrencies has exceeded 2 trillion dollars, a sign of the growing adoption and interest in these digital assets. Investors must therefore carefully consider the opportunities and risks associated with this constantly evolving market.
Bitcoin as a store of value
An important statement came from the president of the Federal Reserve, Jerome Powell, who compared Bitcoin to gold, suggesting that it could become a store of value in the future. During the New York Times DealBook Summit, Powell said: “People use Bitcoin as a speculative asset. It’s just like gold, only it’s virtual, digital.” This statement could influence the perception of Bitcoin in the market, prompting more investors to consider it as an alternative to gold rather than a simple digital currency. However, Powell also pointed out that Bitcoin is currently not used as a form of payment or store of value, but rather as a speculative investment
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