The Recent Bitcoin Rally – Commentary

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ValueWalk

The Recent Bitcoin RallyThe recent crypto rally represents the dissipation of investor anxieties caused by the FTX collapse and a shift towards renewed investor confidence and interest in bitcoin. Q4 2022 hedge fund letters, conferences and more We are likely to see bitcoin continue to trade higher in the first part of 2023, particularly as the FTX debacle has highlighted the fundamental differences between bitcoin and cryptocurrencies that are not secure stores of value. The adoption of bitcoin by leading firms like Blackrock that we saw in 2022 showed us that mainstream interest in bitcoin i…

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