Bitcoin’s massive rise and what comes next

CHARLOTTE, N.C. (AP) — The digital currency Bitcoin rocketed to a record high this month above $35,000 a coin. This comes after the currency languished for two years, plummeting from its previous high of roughly $19,000 reached back in December 2018, when Bitcoin was subject to another round of media hype and investors interest. In an interview with the AP, Mike Venuto, co-portfolio manager for the Amplify Transformational Data Sharing ETF, says investors have been looking for a safe place to put their money, but Bitcoin is likely to remain a volatile asset. The fund focuses on companies that trade and develop uses for Bitcoin and other digital currencies.