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Bitcoin Surges Past $50,000: Will It Pass $60,000 Before the Summer?

TheMotleyFool

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Bitcoin Surges Past $50,000: Will It Pass $60,000 Before the Summer?: https://g.foolcdn.com/editorial/images/765034/investor-holds-golden-coin-looking-at-stock-chart.jpg

In early 2021, the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), flew past $50,000 per coin for the first time. After falling about 75% from its all-time high in the inflation-powered crisis of 2022, the cryptocurrency had a lot of ground to make up. But on Feb. 12, Bitcoin finally surged past $50,000 once again.

The price of Bitcoin is rising at an incredible pace. As of this writing, it's up more than 130% over the past year and up more than 20% in just the past month. At this rate, investors may fairly wonder if Bitcoin can surge past $60,000 before the summer.

The answer is "yes": Bitcoin can surge past $60,000 before the summer. Here's why I think so.

Source Fool.com

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