On April 23, bitcoin prices soared above $94,000 on Wednesday, according to DL News, which some analysts believe is a sign that investors have shifted their valuation of the asset.
"This is the best Bitcoin price performance I've ever seen in all my time studying cryptocurrencies. At this time, it's hard not to invest in cryptocurrencies. Bitcoin is relatively resilient during the decline of the Nasdaq, and after the Nasdaq rebounds, Bitcoin rebounds more. Investors may now see Bitcoin more as a non-sovereign value storage means, as well as some form of hedging geopolitical uncertainty, policy errors and currency devaluation."
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