Bitcoin Soars Over 580% After Value Debate Sparks Institutional Interest

Following a controversial claim about Bitcoin lacking intrinsic value, the cryptocurrency’s price has witnessed a dramatic surge. Peter Zeihan, geopolitical analyst, ignited debate with his statement on The Joe Rogan Experience in December 2022. This sparked renewed discussion and investment activity, resulting in over 580% growth in Bitcoin’s value since then. Institutional investors and the launch of Bitcoin ETFs have played a significant role in this surge.