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Bitcoin Hits a New All-Time High: What Happens Next?
Why a price surge is not only attracting a new cadre of institutional investors, but also producing the beginnings of a new set of FUD.
Why a price surge is not only attracting a new cadre of institutional investors, but also producing the beginnings of a new set of FUD.
STORY CONTINUES BELOW
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For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes.
On this historic day, NLW looks at bitcoin’s punch through its previous December 2017 all time high. Specifically, he looks at:
- How different people benchmark the all time high
- What drove the latest price action, including the prospect of a new investment from institutional asset management giant Guggenheim
- Why historian Niall Ferguson is arguing that bitcoin has won the Covid-19 monetary revolution
- Why macro giants including Raoul Pal, George Gammon and Ben Hunt got into disagreements with Bitcoin Twitter about how co-opted by the state and Wall Street bitcoin was likely to become
See also: Bitcoin Price Sets New Record High Above $19,783
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
Nathaniel Whittemore
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.
