A year ago, Bitcoin was trading around $30,000. Now, at around $67,000, it’s more than double that. Some analysts think it might set a new all-time high in the coming weeks. It might but it’s also important to keep those extraordinary gains in perspective. Not only do they reflect crypto’s volatile nature, but that huge rise would not have been possible without the dramatic losses and upheaval of 2022. Whenever crypto prices jump, so does market sentiment. The bulls say it proved the critics wrong and cryptocurrency is on its way to the moon. Potential investors get nervous they’ve missed the boat. They dive in, which helps propel prices even higher. Do you think Bitcoin is the best alternative t fiat currency ?
