Bitcoin has beaten stocks and gold over six months. Now it’s closing in on $80,000.

Bitcoin has outperformed traditional assets like stocks and gold over the past six months, and it's now approaching its previous high of $80,000, last seen in May. This surge is largely fueled by the U.S. Treasury Department's plans to buy back longer-dated Treasury securities, which has investors looking to diversify into riskier assets like cryptocurrencies. This trend underscores the growing acceptance and speculative interest in Bitcoin, signaling potential shifts in global financial markets and investment strategies.