Happy Tuesday, Blockfolians
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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Highly Relevant Reading
Coinbase opens waitlist for Ethereum 2.0 staking
Bitcoin mining pool BTC.com is being acquired by Chinese sports lottery company 500.com
Ripple and SEC suggest settlement unlikely before trial
Grayscale competitor Osprey begins trading OTC
At these big prices, Dan Held’s “supercycle” concept is getting a lot more airtime
He said it.