Cryptocurrencies
Should You Buy Bitcoin? All You Need to Know After Token Hits $40,000
Stickers on a laptop at the Adopting Bitcoin 2023 Summit in San Salvador, El Salvador, in November.
Photographer: Camilo Freedman/BloombergThis article is for subscribers only.
Bitcoin has jumped more than 140% this year to outstrip other investments like stocks and gold, and optimism for further gains is high.
Its stellar performance comes after a turbulent period for the token. Following a crash in cryptocurrencies last year, FTX founder Sam Bankman-Fried is now in jail for fraud, while top exchange Binance and its founder Changpeng Zhao recently pleaded guilty to US anti-money-laundering and sanctions violations and were hit with fines of $4.3 billion and $50 million, respectively.