Bitcoin is the talk of the financial world.
The world’s largest cryptocurrency started 2020 at $9,000. As time passed, bitcoin’s value rose sharply, soaring to an all-time high above $68,000 in November 2021.
Major companies from Tesla to Mastercard have jumped into the market, prompting a rally in bitcoin and other tokens like ethereum and solana.
Bitcoin has matured from a virtual currency used by criminals to an asset that’s been embraced by Wall Street firms. Many investors now liken the cryptocurrency to gold, believing it provides a store of value akin to the precious metal.
But as regulators start taking a closer look at crypto and volatility plagues the market, whether bitcoin can continue its stellar run looks increasingly uncertain.
