Why is Bitcoin soaring? Bitcoin has tripled in the past year. It’s up 20-fold since the pandemic. Short-term, Bitcoin ETF’s and the Bitcoin “halving,” are driving price — the halving alone historically doubles prices. But the long-term driver is inflation: Bitcoin is joining gold as a go-to hedge when inflation is out of control. If you think inflation will continue, it might make sense to get some. In case it catches on.
Why is Bitcoin soaring?
Bitcoin has tripled in the past year. It's up 20-fold since the pandemic.
Short-term, Bitcoin ETF's and the Bitcoin "halving," are driving price — the halving alone historically doubles prices.
But the long-term driver is inflation: Bitcoin is joining… pic.twitter.com/aOglOx1Ypv
— Peter St Onge, Ph.D. (@profstonge) March 8, 2024
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