Bitcoin has surpassed $30k mark today for the first time since June 2022.
Bitcoin Price
Source: Factset
Bitcoin still is considered to be the runaway success story of the year. Bitcoin has gained more than 80 percent in price this year and has far outperformed many other assets.
Bitcoin is up more than 45% since the collapse of Silicon Valley Bank last month.
Industry advocates believe the recent rally as a sign that investors are converting some of their money to digital currencies, though there is not much evidence of that.
Michael J.Saylor seems happy about the recent spike in Bitcoin value tweeting Bitcoin is Champion. Yeah, he has a reason to cheer for, lol.
According to a report, Microstrategy held about 1,40,000 Bitcoins as of last week.
Note: This is not an investment advice.
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