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