Bitcoin Rallies, on Hopes of Renewed Interest , Among Mainstream Investors.<br />On March 4, the price of Bitcoin broke $65,000, <br />bringing it closer to returning to an all-time <br />high reached in November 2021.<br />NBC reports that the latest rally has been driven <br />by hopes that the launch of bitcoin exchange-<br />traded funds will expand bitcoin's pool of buyers. .<br />In 2024, the cryptocurrency has <br />gained over 48%, rapidly approaching its <br />record intra-day all-time high of over $68,000.<br />In January, Bitcoin ETFs were first approved by <br />the Securities and Exchange Commission (SEC). .<br />The SEC said the approval of the ETFs were meant <br />to make it easier for investors to gain exposure to <br />Bitcoin without having to actually own the digital coins.<br />NBC reports that the world of crypto is also banking <br />on a potential rally following a technical event <br />known as "halving" scheduled to occur in April.<br />This event will see the rate of supply for new bitcoin <br />to decline, which could cause the value of the <br />cryptocurrency to increase if demand remains unchanged.<br />Some mainstream investment experts have <br />still urged caution when it comes to investing <br />in the controversial cryptocurrency.<br />With equities, you own a share <br />of a company that produces goods <br />or services, and many also pay <br />dividends. With bonds, you get <br />a stream of interest payments, Vanguard statement, via NBC.<br />Commodities are real assets that meet <br />consumption needs, have inflation-<br />hedging properties, and can play <br />a role in certain portfolios, Vanguard statement, via NBC.<br />While crypto has been classified <br />as a commodity, it’s an immature <br />asset class that has little history, <br />no inherent economic value, <br />no cash flow, and can create <br />havoc within a portfolio, Vanguard statement, via NBC
