How Real Is Bitcoin’s Rally? 8 Interpretations of Bitcoin's Massive Surge

As bitcoin retraces slightly after reaching a new 2020 high about $11,000, NLW explores what’s driving the rally and how likely it is to continue.

AccessTimeIconJul 28, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 9:37 a.m. UTC
AccessTimeIconJul 28, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 9:37 a.m. UTC

As bitcoin retraces slightly after reaching a new 2020 high about $11,000, NLW explores what’s driving the BTC rally and how likely it is to continue.

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This episode is sponsored by Bitstamp and Crypto.com.

It was a beautiful Monday. 

Bitcoin crashed through $10,000 and got all the way up to a new yearly high of about $11,000 before retracing slightly.

As with any dramatic price action, people were quick to start giving their interpretations of why it happened. 

Eight ways to understand bitcoin's massive surge

  • Banks stacking due to changes in custody rules
  • Money printer go brrr
  • Stock to flow model
  • Robinhood traders piling in
  • DeFi gain recycling 
  • Buyers exceeding sellers
  • “Perfect storm”
  • Dollar crash, negative real interest rates and the search for a new reserve currency

Ultimately, NLW argues that it is this last factor driving up not only bitcoin but gold and silver.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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