Bitcoin in El Salvador

Image: Tom Stepanov (Shutterstock)Bitcoin reached a new all-time high Friday morning, just days after it broke a previous high. The cryptocurrency peaked at $70,136.33, according to CoinDesk. As soon as it established a new high, Bitcoin fell by thousands of dollars minutes later. Why Bitcoin won’t reach $1,000,000This up-and-down rollercoaster has been the norm for the past few weeks. Bitcoin traders will be active in the morning causing the price to go up and up, and then Bitcoin owners want to cash in their crypto…

The crypto community took a victory lap Tuesday with the news that the price of Bitcoin hit an all-time high of $69,210. Those celebrations cooled when the value dropped a full 8% just a few hours later, but it marked a stunning recovery from the crypto crash of 2022. For the fans, Bitcoin’s rally was evidence that cryptocurrency is a good investment after all. There’s just one problem: adjusted for inflation, Bitcoin is actually worth less than it was three years ago. He Tossed His Bitcoin, Now He Wants It BackLet’s do…