Bitcoin, the leading cryptocurrency by market capitalization, has surpassed the $77,000 level for the first time. The surge is linked to increased investments and discussions about potentially using Bitcoin as a reserve asset.
New Price Peak
Earlier this Friday, Bitcoin hit a new record peak of $77,068, according to CoinGecko data. The cryptocurrency continues to set new highs almost daily, already up by nearly 12% over the past week.
Investments and Reserves
The new peak comes after BlackRock's iShares Bitcoin Trust ETF logged more than $1.1 billion in fresh inflows on Thursday. There are also ongoing discussions about Bitcoin potentially becoming a treasury reserve asset in the U.S.
Expert Opinions
CNBC analyst Tom Lee suggested that Bitcoin could potentially offset the deficit. MicroStrategy's Michael Saylor predicted that nations will eventually adopt Bitcoin as their treasury asset. Former Binance CEO Changpeng Zhao emphasized the importance of risk management for investors.
Bitcoin continues to make headlines with its record-breaking performance, while discussions about its potential as a reserve asset grow. However, investors should remain aware of risks and exercise caution in asset management.
