Happy Monday, Blockfolians!
Perhaps this isn’t surprising, given the fact that they’ve just rolled out crypto buying and selling to all US users, but boy oh boy has the CEO of PayPal gone full bull. Check him out on TV earlier today:
This is the latest in a string of these uber-bullish TV appearances. Another one that caught our attention came from the CIO of $8T asset manager Blackrock. Pomp again with the clip:
As Bitcoin creeps on ATH (and ETH continues its ascent up past $600 as well) expect even more of these folks to pop up on cable and beyond.
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Highly Relevant Reading
JPM analysts: more institutions are buying bitcoin
XRP up 30%? An alt wave piggy-backing off BTC
ETH2 staking deposits hit 60% of the requirement for Phase 0 beginning
Yet another new DeFi protocol from Yearn.Finance founder Andre Cronje
Hyper relevant thread on where buying demand is coming from
A little crass but certainly makes the point.
Ed van der Walt @EdVanDerWaltOK, teach me. What is bitcoin used for?
A Really Big Number We Should Be Paying Attention To
That’s the aggregated open interest on BTC options this weekend - a new ATH. ETH options were also at all time highs.