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

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Bitcoin is officially a $1T 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 
-- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- Enjoying this content?   SUBSCRIBE to the Podcast Apple:  https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=   Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW   The Breakdown is produced and distributed by CoinDesk.com

 

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