Is Now the Right Time to Invest in Bitcoin?
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Is Now the Right Time to Invest in Bitcoin?
The recent crypto rally has financial advisers taking another look as investors worry about missing out on big gains.
Bitcoin has surged this year.Photographer: David Lombeida/Bloomberg
By Charlie Wells
March 9, 2024 at 9:00 PM GMT+6
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Love it, hate it, or hodl it, there’s no denying that Bitcoin is back.
After a “crypto winter” that saw a series of scandals, bankruptcies, and a price drop of nearly 77%, Bitcoin finally scaled a new peak on March 5, hitting $69,191.95. It briefly jumped north of $70,000 for the first time Friday and the surge has buoyed other cryptocurrencies, with Ether and even Dogecoin increasing in value.
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