Bitcoin Is Now a Trillion-Dollar Asset: Where Do We Go From Here?

The milestone isn’t just psychological, and potentially opens entire new groups of investors who couldn’t participate previously.

Listen or watch all the new CoinDesk podcast episodes wherever you want.

ABOUT

The milestone isn’t just psychological, and potentially opens entire new groups of investors who couldn’t participate previously.

This episode is sponsored by Nexo.io.

Download this episode

Bitcoin is officially a $1 trillion asset. As the price surged over $54,000, the total market cap of bitcoin reached the new all-time high.

In this episode, NLW explores the significance of the milestone, arguing:

There has been a slate of good news, from BlackRock rumblings to Canadian ETFs that have been driving recent price action
There are a variety of institutions that couldn’t allocate to the space before because it was too small but which are now in play
In the wake of the milestone, we’re likely to see more research house FUD
We’re also likely to see a number of major bitcoin positions announced in the days to come

Image credit: uzenzen/iStock/Getty Images Plus

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.