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 BTC rally and how likely it is to continue.

Eight ways to understand bitcoin’s massive surge

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

coindesk.com

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