On the 14th of October, BTC hit a high of $66,500, the highest price since July.At press time, Bitcoin was trading at $65,657, gaining 9.04% over the past month and more than 144% in the last year.The crypto stocks rally comes as Bitcoin benefits from heightened investor interest, fueled in part by anticipation surrounding the upcoming U.S. presidential elections.
Trump, who previously expressed skepticism about cryptocurrency, has rebranded himself as a pro-crypto candidate and even launched his crypto-related project, asDespite the growing acceptance and support from the larger community, BTC continues to face skepticism from traditional financial leaders and institutions.
On the 14th of October, Minneapolis Federal Reserve Bank President Neel Tushar Kashkari said that Bitcoin remains worthless after 12 years. Kashkari emphasized that despite the longevity of digital assets, crypto has not been able to establish itself as a viable currency.Kamina is a content writer at AMBCrypto. With a Journalism degree and MBA in International Business, she expertly navigates blockchain, crypto, and AI, melding her academic insights with future-forward interests to create compelling narratives that educate and inspire in the evolving digital landscape.Subscribe to get it daily in your inbox.