Bitcoin (Briefly) Hits $50,000

Happy Tuesday, Blockfolians

The Lede

After a week of massive institutional news, and after days of flirting with a new all time high, bitcoin this morning finally achieved another new psychological milestone of $50,000.

While the price itself was short lived, the day was then full of exactly the type of news that got us up into this rarified air in the first place:

  • MicroStrategy files to offer $600 more in debt to buy more bitcoin

  • NYDIG files for a Bitcoin ETF

  • Grayscale adds 3 C-level execs

And so much more.

Seems pretty clear we’ll be seeing $50,000 again before too long.

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Community Commentary

At these big prices, Dan Held’s “supercycle” concept is getting a lot more airtime
He said it.

Final Thought

Excellent work.