The price of bitcoin was briefly above 35,000 dollars (more than 32,750 euros) on Tuesday morning. Since May 2022, the cryptocurrency was not worth as much as it is now. This is because additional demand for bitcoin is expected.
The value of bitcoin has already doubled since the beginning of this year. The increase in recent weeks is because additional demand for the cryptocurrency is expected from new investment funds that focus on bitcoin.
These investment funds should make it easier for investors to invest money in bitcoin. Providers of such investment products must still receive approval from financial regulators.
The price of bitcoin is still considerably lower than in November 2021, when the record level of approximately $ 69,000 was reached.
The post first appeared on www.nu.nl