Bitcoin Reached Record Highs in 2024, but There Could Be Even More Upside This Year

The past year marked a milestone for crypto. Bitcoin (CRYPTO: BTC) hit six figures as excitement built around the potential for the digital currency. Last year also marked the introduction of many spot Bitcoin exchange-traded funds (ETFs), and the latest halving event, which cut the growth of new Bitcoin supply in half. In total, the cryptocurrency rose by 119% in 2024, marking the second straight year where it more than doubled in value (it soared 154% in 2023).But despite the huge gains that Bitcoin amassed during the past couple of years, it may not necessarily be too late to invest in the digital currency. Many analysts and growth investors remain bullish on Bitcoin and its potential to hit new heights in 2025.A big reason that Bitcoin has surged in value in recent months was that President-elect Donald Trump sounded fairly bullish on the digital currency at rallies leading up to the election.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool