Nov 9, 2023 at 8:24 AM Update: 11 minutes ago
Cryptocurrency bitcoin is worth more than 34,000 dollars (31,800 euros) for the first time since April 2022. Investors are positive about the possibility of investing in the currency through investment funds. The value of bitcoin has more than doubled since the beginning of this year.
On Thursday morning, the bitcoin price rose by about 3 percent. In just one month, the coin has already increased in value by a third.
Mutual fund providers are waiting for US regulator approval to launch bitcoin-focused funds. Analysts think the green light is almost here.
These investment funds should make it easier for investors to invest money in bitcoin. You do not have to actually own the cryptocurrency.
The bitcoin price is still considerably lower than in November 2021, when it had reached the record level of approximately $ 69,000.
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