Should you buy Bitcoin? All you need to know after token hits $40,000
Bitcoin hits 19-month high of $41,000 amid expectations of Federal Reserve rate cut and increased demand from ETFs. Industry waiting for approval of US spot Bitcoin ETFs, with BlackRock among applicants. Bitcoin halving, where miner rewards are halved, expected next year. Optimism about industry maturing and wider investor base, but potential risks include rate reset and obstacles for ETFs. Michael Novogratz predicts Bitcoin to reach former peak in a year.
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