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DON’T LOOK NOW, but Bitcoin is back. This may come as a surprise to investors who wrote off crypto altogether after a spectacular series of frauds and mishaps led the value of the currency to plummet by around 75% from late 2021 through 2022.
Yet it’s hard to argue with recent numbers. Since it bottomed out at $16,000 in November 2022, Bitcoin has rebounded; in March it passed the $70,000 mark for the first time. Like it or not, the quirky currency stands as one of the best-performing assets of the year and of the decade—even after a recent pullback.
Many changes have driven this rally, but one of the biggest is the fact that you can now