بيتكوين تصل إلى مستوى قياسي infographic
Graphic shows rise and fall of price of Bitcoin.
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بيتكوين تصل إلى مستوى قياسي

By Duncan Mil

March 6, 2024 - وصلت عملة البيتكوين إلى مستوى قياسي بلغ أكثر من 69.000 دولار في 5 آذار (مارس)، مظهرة بذلك عودة ملحوظة للعملة المشفرة المتقلبة بعد انخفاض قيمتها في العام 2022 وسط انهيار السوق.

Bitcoin’s price has risen more than 300% since November 2022, when the cryptocurrency crashed to $16,482.92, down from its previous 2021 record of $68,999.99.

“Bitcoin continues to do what Bitcoin does, which is win people over as they take the time to actually learn about it,” said Cory Klippsten, chief executive of Swan, a financial services firm focused on Bitcoin.

In January, the U.S. Securities and Exchange Commission (SEC) authorized crypto companies and traditional finance firms to offer exchange-traded funds, or ETFs, which track Bitcoin’s price. The funds attracted more than $7 billion in investments, driving Bitcoin’s rapid rise.

ETFs are baskets of assets divided into shares. Investors buy shares in the basket rather than directly owning the assets—or, in this case, Bitcoin.

But cryptocurrencies remain volatile. Within minutes of hitting Tuesday’s new record, Bitcoin’s price dropped to about $67,500.

“There’s no inherent value,” said John Reed Stark, a former SEC official and an outspoken critic of the crypto industry. “There’s no proven track record of adoption or reliance.”

Sources
PUBLISHED: 06/03/2024; STORY: Graphic News; PICTURES: Getty Images
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