Should You Buy Bitcoin While It's Close to Hitting an All-Time High of $69,000?
Right now, Bitcoin (CRYPTO: BTC) looks unstoppable. It's up about 20% during the past week, and nearly 50% for the year. At a price of about $62,000, Bitcoin is remarkably close to hitting its all-time high of $69,000.
So is now the time to go all in on Bitcoin, as much of Wall Street seems to be doing right now? Or are there better buys out there right now? Let's take a closer look.
Bitcoin's remarkable run this year seems to be driven primarily by one key catalyst: the introduction of new spot Bitcoin exchange-traded funds (ETFs) in January. These have been extraordinarily successful by just about any metric that you want to use. The net inflows into the most popular spot Bitcoin ETFs have been truly astounding.
Source Fool.com
