Nevertheless, Bitcoin is anticipated to soar back to the $60,000 mark in response to the positive developments that have been piling up. As the Federal Reserve gears up to slash interest rates, investors will gradually withdraw from safe investments that guarantee fixed profits and instead divert their attention towards the potentially more lucrative realms of risk markets. The introduction of the Bitcoin Exchange Traded Fund (ETF) into the trading arena could not have come at a more opportune moment. Additionally, as stock markets continue to break new records, the value of Gold is experiencing a notable surge.
