Bitcoin’s ‘Small Wins’ Needed to Be a True Asset Alternative – Bloomberg Analyst

Bitcoin has experienced significant gains recently, rising from around $84,000 to nearly $91,328 within just 24 hours. This latest price surge marks another milestone for the cryptocurrency and raises questions about its potential as an asset alternative to traditional investments like stocks or gold. Eric Balchunas, a senior ETF analyst at Bloomberg, believes Bitcoin’s future relies on a string of small gains before it can be truly considered an alternative.