Bitcoin (BTC) has recently reached its all-time high of nearly $70,000 per bitcoin, driven by the introduction of a series of U.S. spot bitcoin exchange-traded funds (ETFs). This surge, which could be just the beginning, comes after what some are calling bitcoin's 'IPO moment.'
The bitcoin price has soared by approximately 350% since plummeting to a recent low of $15,000 per bitcoin in late 2022. Speculation has arisen regarding a potential 'secret sovereign' bitcoin bid and rumors of a tech billionaire quietly accumulating bitcoin.