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Bitcoin Booms As Halving Looms; Risk-Free Bitcoin Profits
Bitcoin briefly surged past $9,000 this week to its highest since February, mirroring the stock market rally in the middle of the week as Fed chair Jerome Powell said he’s willing to take more action to prop up the economy. With less than two weeks until bitcoin’s halving, investors were uncertain about which direction the price would go as the event approached. “At this stage, it appears that the bulls have prevailed,” digital asset researcher Denis Vinokourov says. If bitcoin responds like it did after its previous two halvings, this could usher in a new class of crypto millionaires. Other major ... (full story)
