Bitcoin's Longest Ever Streak Above $10k

Plus hard forks in the wake of a big attack on Kucoin

Happy Monday, Blockfolians

The Lede

Sometimes, a tweet says it all.

In all seriousness, this is a great milestone. Check out CoinDesk’s chart showing the other high points.


This stat does two things:

  • First, it shows that bitcoin is able to remain stable in periods of an extreme lack of clarity in the markets as a whole. That’s confidence inspiring for those on the sidelines.

  • Second - and speaking of confidence inspiring - every time bitcoin achieves a new price floor that is higher than the last, it increases the conviction of long-term holders , who then reinforce that price floor by buying any time BTC dips below it.

See the beautiful feedback loop?

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Highly Relevant Reading

Community Commentary

Is the future of DeFi in structured products?
Uh oh, seems like some think the Kucoin hack was closer to $280m

A Really Big Number We Should Be Paying Attention To  


That’s the size of Bitwise’s bitcoin fund - more than double this year, thanks to investor concerns around post-monetary injection inflation

Final Thought

See, it’s not just crypto that does wacky speculative financial engineering things.