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FTSE 100 shares have had a bumpy few years but I think now is a brilliant time to buy them because they’re cheap and offer fantastic dividends. They strike me as potentially a much better way to build wealth than cryptocurrency Bitcoin.
That may seem odd, given that the FTSE 100 rose just 2.5% in 2023, while Bitcoin rocketed 150%. Crypto traders have high hopes for 2024, as they await US regulatory approval for spot-Bitcoin ETFs and the Bitcoin halving in April.
The first should boost demand, the latter should slash supply. Together, they could put a rocket under Bitcoin (although I suspect much of the good news is priced in).
UK stocks are my choice
Bloomberg reckons Bitcoin will top $50,000 in 2024. Standard Chartered predicts $100,000. Matrixport predicts $125,000 and BitQuant guesses anything up to $250,000. And me? I have no idea.
I’ve no idea where the FTSE 100 will end 2024, either. I do know…
