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Bitcoin’s value hit a new record this year, exceeding its Covid-era high and shocking investors. In 2024, inflation has largely settled, consumers are still spending and breakthroughs in AI are helping to drive a market rally resulting in investors having more cash to bet on riskier assets including cryptocurrency. Will this year’s crypto rally be any different than 2021?
WSJ explores what that 2021 rally can show us about this year’s spike—and the crypto market’s $2.6 trillion market capitalization.
Chapters:
0:00 Bitcoin hitting record highs
0:48 Broader economic health
2:41 Institutionalization
#Bitcoin #Crypto #WSJ
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2024/06/05
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