Analyst: Bitcoin hits new highs because investors diversify their assets
AJ Bell analyst Dan Coatsworth stated in a report that, against the backdrop of uncertainty in US policy and geopolitics, investors are diversifying their investment portfolios, driving Bitcoin to historical highs. He said, "Although Bitcoin's movement is entirely driven by speculative behavior, the market's interest in this cryptocurrency continues to rise." There are now multiple investment funds tracking the price of Bitcoin, providing investors with more options to access cryptocurrencies and making it easier for them to hold positions. However, he pointed out that the volatility of cryptocurrencies is extremely high, and investing in them is filled with a lot of speculation, making it the riskiest profit attempt.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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