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Analysts: Bitcoin hit a new high because investors diversified asset allocation

According to online reports, AJ Bell analyst Dan Coatsworth said in a report that in the context of uncertainty in U.S. policies and geopolitics, investors have diversified their investment portfolios, which has pushed Bitcoin to an all-time high. "Although Bitcoin's movements are driven entirely by speculation, market interest in this cryptocurrency continues to heat," he said. There are currently a variety of investment funds that track the price of Bitcoin, which provides investors with more options to access cryptocurrencies and makes it easier for them to hold positions. However, he pointed out that cryptocurrencies are extremely volatile, their investments are full of speculation, and are the highest-risk profit attempt.

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