The price of the world's largest cryptocurrency, Bitcoin, briefly hit a new all-time high of more than $69,000.
Carol Alexander, professor of finance at Sussex University, said its price could go higher than its new record but warned that crypto was "notoriously volatile." However, its new all-time high value has come about precisely because those establishment firms have been pouring billions of dollars into acquiring it.several spot Bitcoin Exchange-Traded Funds .
Prof Alexander told the BBC these entrants "are attracting institutional investors into Bitcoin and they are putting a considerable upwards pressure on price."
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