Bitcoin has reached an all-time asymmetric fee, which is sixty-eight,900 dollars these days. It’s the best it’s been in 15-year records; its dividend is definitely expensive now, sitting at a whopping $1.35 billion.
It’s no secret that the value of Bitcoin can be unpredictable. Analysts were surprised at the same time that its rate suddenly dropped at $17,000 when the main cryptocurrency exchange, Bankman-Fried’s FTX, faced some issues in November Since the beginning of this year, bitcoin exchange-traded funds (ETFs) are definitely doing well. They actually pulled out $6.7 billion worth of deposits, almost certainly because they’ve been given the green light by the Securities and Exchange Commission. On average, these ETFs see about $210 million a day, matching the record through Forbes. Why is Bitcoin such a treasure? Well, especially with the fact that larger institutional buyers are putting extra money into it, more and more everyday people are also worried.
This is partly due to interest in the accumulation of alternative investment options such as Spot Bitcoin ETFs and the upcoming Bitcoin Halving event. During the COVID-19 pandemic, when interest rates were low, many people started borrowing and withdrawing money at the same time, making Bitcoin more popular. But as the cost of entertainment rose throughout the Russia-Ukraine conflict, the value of bitcoin skyrocketed.
