bitcoinstoinves

https://top10cryptobots.com/ Bitcoin prices have quadrupled since January 2023, with much of the recent gains attributed to the hype around two long-awaited events in 2024. The first of these, the approval of 11 spot bitcoin ETFs by the U.S. Securities and Exchange Commission, occurred in January and resulted in billions of dollars in inflows. Just a month after this news broke, bitcoin surpassed $50,000, a value not seen by the asset since 2021. Now, prices have reached a new all-time high and are hovering about $70,000. And SEC chief Gary Gensler nonetheless warned investors about cryptocurrency despite his agency’s approval of Bitcoin funds. “Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto,” he said. “Investors purchase bitcoin because they are uncertain about the outlook for fiat currencies, uncertain about government budget deficits and inflation,” said Zach Pandl, who heads research at Grayscale Investments, a crypto asset manager.