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Bitcoin Hits a New All-Time High: What Happens Next?
Why a price surge is not only attracting a new cadre of institutional investors, but also producing the beginnings of a new set of FUD.
Updated Sep 14, 2021, 10:36 a.m. Published Nov 30, 2020, 6:20 p.m.
Why a price surge is not only attracting a new cadre of institutional investors, but also producing the beginnings of a new set of FUD.
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This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes.
On this historic day, NLW looks at bitcoin’s punch through its previous December 2017 all time high. Specifically, he looks at:
- How different people benchmark the all time high
- What drove the latest price action, including the prospect of a new investment from institutional asset management giant Guggenheim
- Why historian Niall Ferguson is arguing that bitcoin has won the Covid-19 monetary revolution
- Why macro giants including Raoul Pal, George Gammon and Ben Hunt got into disagreements with Bitcoin Twitter about how co-opted by the state and Wall Street bitcoin was likely to become
See also: Bitcoin Price Sets New Record High Above $19,783
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.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
Cosa sapere:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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