Bitcoin fever has returned. On March 5, the price of the cryptocurrency swelled to a record high—and has continued its upward march. In 2024 it has provided investors with a greater return than almost any other asset. But as enthusiasm for bitcoin spreads anew, so do myths and confusion around the forces moving the price.
In the last month alone, the price of bitcoin has risen by almost 70 percent. The surge has been celebrated in crypto circles as an inevitable return to form—the fun part of a predictable boom-and-bust cycle.
The phrases “number go up” and “it’s just math” have long been adopted as tongue-in-cheek
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