Bitcoin Surges Past Customary Investments: Should You Buy now?
Published: June 15, 2024 – 8:00 AM EST
By: Priyashah, World-Today-News.com – Chief News Editor & SEO Strategist
(Image: A visually striking graphic comparing Bitcoin’s price surge to FTSE 100, Dow Jones, and Nasdaq. Consider a dynamic chart or a split-screen image.)
Key Takeaways:
Bitcoin has soared 25% this year, outpacing major stock market indexes like the FTSE 100, Dow Jones, and Nasdaq.
Despite its impressive gains, significant risks remain, including lack of government backing and regulatory oversight.* Experts caution against “following the fashion” and emphasize the importance of preserving capital, particularly for risk-averse investors.
The question on many investors’ minds right now is simple: should I buy Bitcoin? The world’s first and largest cryptocurrency is experiencing a dramatic resurgence, sparking a new wave of interest – and debate. Trading around $117,000 (£86,000) as of Friday, Bitcoin has climbed a remarkable 93% over the past 12 months.
This performance substantially outstrips traditional market benchmarks. As the start of 2024, the
