Bitcoin Hits $40,000*

For a minute

Happy Thursday, Blockfolians

The Lede

Another day, another milestone. Today, it was the impressive (if short lived) push up above $40,000 - more than double the previous all time high.

Now, the popular narrative holds that this is all about institutional investors coming into the space. While that certainly seems true, there are some indications that the retail FOMO has finally started again.

While the price may have quickly peeled back from $40,000, this continues 2021’s trend of starting off in just about the most insane way possible.

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Highly Relevant Reading


Community Commentary

Holy alpha batman - what a call/explanation of today’s action
The TV appearances are coming

A Really Big Number We Should Be Paying Attention To

65,000+

That’s the number of comments for the new FinCEN rule. Go team Crypto!


Final Thought

Seriously though