Bitcoin’s surge driven by demand from ETFs
Bitcoin, which has jumped about 40% so far this year, pushed past $60,000 for the first time in more than two years Wednesday.
At the heart of the rally that is pushing bitcoin toward a record high is a simple tenet of economics: supply and demand.
The surge in demand for the cryptocurrency that’s resulting from new exchange-traded funds is vastly outstripping the supply of new tokens being created in the mining proces
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