Bitcoin and other cryptocurrencies have outperformed stocks this year, with Bitcoin leading the way. Canaccord analysts have noted that Bitcoin has seen a 140% increase in the third quarter, outpacing Ethereum and the S&P 500. If historical patterns hold, Bitcoin could trend upwards in the next 6-12 months and reach new highs 2-6 months later. Canaccord believes that the Fed's interest rate cuts and positive supply and demand dynamics following the Bitcoin halving have contributed to Bitcoin's rise. However, it should be noted that this is not investment advice.
- Content Editor ( en.bitcoinsistemi.com )
- 2024-10-01
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