Bitcoin Nudges Past $100,000 As the Dollar Tumbles. Should Investors Buy, Sell, or Hold?
There's never a perfect time to buy Bitcoin.
Bitcoin (CRYPTO: BTC) got a serious boost on Thursday as it pushed past the $100,000 mark for the first time since February. The leading cryptocurrency rose 6% in 24 hours. Ethereum (CRYPTO: ETH) soared more than 21% in the same period.
Cryptocurrencies and stocks were both buoyed by news that the U.S. and U.K. had reached a trade agreement. Meanwhile, the U.S. dollar continues to struggle. The U.S. dollar index, which tracks its performance against several other major currencies, is down over 7% year to date.
It's unsurprising that a falling dollar and soaring Bitcoin have investors wondering how best to build and preserve wealth. If you're one of them, try to tune out some of the immediate noise and focus on what's right for you in the long term.
