June 23 (Cointime) - According to Anastasia Amoroso, the recent surge in Bitcoin's value can be attributed to its status as a tech asset. Despite facing regulatory challenges, Bitcoin has gained roughly 80% since the beginning of the year.
The Federal Reserve's decision to skip a rate hike for the first time since 2022 may have also contributed to the cryptocurrency's popularity. Amoroso believes that institutional investors' continued interest in Bitcoin indicates that it is a viable asset class.
Finally, Amoroso notes that Bitcoin's volatility is more in line with that of a high-flying tech stock than any other type of investment.
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