Bitcoin reaches all-time high of $72,000, should you invest? Here's what experts say

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Bitcoin market cap surpasses Silver to take eighth spot in global asset rankings The recent surge in momentum can be largely attributed to the successful launch of spot Bitcoin exchange-traded funds (ETFs) in the United States on January 11. These ETFs, spearheaded by prominent financial entities like BlackRock Inc. and Fidelity Investments, have collectively garnered approximately $9.5 billion in net inflows.

Furthermore, developments in other regions contribute to this momentum as well. In the United Kingdom, the London Stock Exchange announced its willingness to consider applications for Bitcoin and Ether exchange-traded notes. Similarly, Thailand's securities regulator indicated its intention to allow retail buyers access to overseas crypto ETFs.

In the UK, the London Stock Exchange (LSE) disclosed its readiness to receive applications for Bitcoin and Ether exchange-traded notes. Meanwhile, Thailand's securities regulator indicated its intention to allow retail buyers access to overseas crypto ETFs. Also read: Bitcoin surge: Why should you still not invest in cryptos? These are 7 key reasons "The current crypto market rally has taken even the most optimistic crypto supporters by surprise, as the price is being driven by the massive institutional interest, in the form of strong inflows into the recently launched Spot Bitcoin ETFs in the US," said Parth Chaturvedi, Investments Lead, CoinSwitch Ventures.

Chaturvedi further said, " The crypto market is already seeing a surge in volumes. However, retail participation is still nowhere close to the mania seen in 2021. We can expect interest in crypto as an asset class to become more mainstream." The recent rally in Bitcoin price and significant developments like the SEC's