Bitcoin Surges to All-Time High Above $72,000 Ahead of Halving Event

Bitcoin surged to a record high above $72,000, driven by strong demand and anticipation of its upcoming halving event in April, which will reduce the supply of new bitcoin hitting the market. MicroStrategy CEO Michael Saylor outlined the bullish case for bitcoin, citing the imbalance between demand and the dwindling supply due to the halving event. Saylor believes that the recent price crash has weeded out non-believers, and sees no reason why bitcoin shouldn't continue to rise as demand grows.