The price of Bitcoin, the world’s largest cryptocurrency, has hit a new all-time high, above $72,000. The surge is being driven by US finance giants pouring billions into buying bitcoins.
The new record represents another dramatic moment in Bitcoin’s turbulent history. In recent years Bitcoin crashed in value after many traditional investors dismissed its rise as a speculative bubble.
The currency was invented in 2009 by a person calling themselves Satoshi Nakamoto – their true identity remains a mystery. It was conceived as a means to create money for the internet with an anti-establishment ethos encouraging people to break from the existing power structure of financial institutions and governments.
However, Bitcoin’s new all-time high value is due to establishment firms pouring billions of dollars into acquiring it. This is possible because US regulators recently approved several spot Bitcoin Exchange-Traded Funds (ETFs). That allowed giant investment firms like Blackrock, Fidelity and Grayscale to sell products based on the price of Bitcoin. Between them, they have been buying hundreds of thousands of bitcoins, rapidly driving up the value.
Clive Myrie presents BBC News at Ten reporting by Joe Tidy.
For more news, analysis and features visit: www.bbc.com/news
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28 Comments
Please help donate 1 BTC, for a prosperous community
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What's the optimal strategy for someone with around $5k, or even less, to begin trading cryptocurrencies today?
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 30k in crypto and made about $246k, but guess what? I put it all back and traded again and now I am rounding up close to a million.
To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particularly weekly or monthly basis. That’s the key to living financially stable….
I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.
In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Alex Heinz's valuable insights and daily trade signals, coupled with my commitment to continuous learning. Kudos to the journey ahead!
I've been trading Bitcoin by myself for the past six months, but I've been incurring losses. Could anyone provide advice on how to start making a profit?
I remember getting into crypto back in 2019, but I ended up selling in 2020 because I lost during the market crash. After studying and learning how it works, I re-entered the market in early 2023 with $10,000 and quickly grew it to $128,000. This comment is meant to motivate those who have invested and experienced losses in cryptocurrencies or the beginners looking to start. Don’t give up—cryptocurrencies have the potential to change your life. Connect with the right people, and you will surely see positive changes.
My investments in stocks and crypto are not meeting my expectations. Any last minute tips to improve my situation and make more $$$? I really need some urgent advice
Very informative post thanks for sharing your thoughts.
I have a strategy with a crypto project that can basically be the corrections corporation/war on drugs and war on terror/big tech that you guys would want to have with Web3 and it is a big vision and can be a tool for politics like the lottery is in the US. Let me know if you are interested. I just want to be independent financially and the idea benefits everyone. If I don't hear back from anyone I will start it myself.
As a newbie that wants to invest, you must have these three things in mind
1. Have a long term mindset.
2. Be willing to take risk.
3. Be careful on money usage, if you're not spending to earn back, then stop spending.
4. Never claim to know – Ask questions and it's best you work with a financial advisor.
Hey, I want to start investing but don't know where to begin. Any advice or contacts for help?
I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
What are the best additions to a $500k portfolio to boost performance?. ETH is Up and will do better, I believe as indicators for profits continue to improve, investors like me believe that "Santa has come early" to the markets…
Been involved in stocks and crypto investments for some time now, but I haven't seen the positive results I was hoping for. Please advise 🙏
I want to invest but don't know anything about the market. How can I become profitable pls
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months.
Started with 14k in last month 2023..
Bitcoin is controlled by a small group of the greediest! Where are the people who supported and believed in Bitcoin from the very beginning?! Most have already climbed into the noose! The worst market I've ever seen!
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear that you saved me from huge financial debt with just a small Investment, thank you Lisa Obrien you're such a life saver.
I just have to applaud your content man, well done. I remember having a consultation with a trade analyst last August, and it was incredibly insightful, at least $9k profits weekly. Can’t stress enough how helpful experts in this field are!
Please bring me back2038 when i retire 🎉🎉
first to drop main
Nice video and thank you for breaking it down!! Even with the current dip, I'm still glad. I can smile back at my portfolio of $66700 made from my weekly trade within a short period. I feel one of the greatest challenges that we first timers face in the market is that we end up losing all we have, making it difficult to find ourselves back to our feet.my biggest advice is to always seek the services of a professional just like I did when I venture into it for the first time. Big thanks to LAYLA HASSAN FATIMA
Hit 200k today.thank you for all the knownledge and nuggets you had thrown my way over the last months. started with 14k in last months 2024
Nice video and thank you for breaking it down!! I still see cryptocurrency as one of the best digital investment and i totally love the technology. As a trader, I'm so glad. I can smile back at my portfolio of $66,700 made from my weekly trade within a short period. I feel one of the greatest challenges that we first timers face in the market is that we end up losing all we have, making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Angielyn Babierra
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Kaitlan Blitzer.
Can anyone recommend the best approach to making profits in bitcoin or Forex trading investment