Analyst: Bitcoin hits new high due to diversified asset allocation by investors

According to Golden Finance, AJ Bell analyst Dan Coatsworth stated in a report that amid uncertainty in US policies and geopolitics, investors are diversifying their investment portfolios, driving Bitcoin to historic highs. He said, "Although the trend of Bitcoin is entirely driven by speculative behavior, the market's interest in this cryptocurrency continues to heat up." Currently, there are multiple investment funds that track the price of Bitcoin, providing investors with more options to access cryptocurrencies and making it easier for them to hold positions. However, he pointed out that cryptocurrency is highly volatile and its investments are filled with a lot of speculation, making it the riskiest attempt at profitability.