Analyst: Bitcoin hits new highs because investors diversify their assets

Odaily News Dan Coatsworth, an analyst at AJ Bell, said in a report that investors have diversified their portfolios amid uncertainty in U.S. policy and geopolitics, which has pushed Bitcoin to an all-time high. He said: Although Bitcoins performance is entirely driven by speculation, market interest in the cryptocurrency continues to heat up. There are currently a variety of investment funds that track Bitcoin prices, which provides investors with more options for exposure to cryptocurrencies and makes it easier for them to hold positions. However, he pointed out that cryptocurrencies are extremely volatile, and their investment is full of speculation, making them the most risky profit attempt. (Jinshi)