Bitcoin Hits Historic High Above $112,000, Noted Investor Says ‘If You Can’t Beat It, You Have To Buy It’

Bitcoin (CRYPTO: BTC) made a historic move above $112,000 on Wednesday, sparking a broader market rally. But is it the beginning of a record-breaking rally or a short-lived spike before corrections?  

What happened: The apex cryptocurrency briefly crossed $112,000 in the afternoon before pulling back to the early $111,000s later in the day.

Entrepreneur and cryptocurrency market commentator Anthony Pompliano deemed Bitcoin as the “new hurdle rate,” suggesting that it has crossed the benchmark required to be considered a viable investment.

“If you can’t beat it, you have to buy it,” Pompliano said.

Full story available on Benzinga.com