Bitcoin has hit $50k

[Olivia]

Source: https://finance.yahoo.com/video/bitcoin-rally-room-run-50k-215329020.html

Bitcoin (BTC-USD) has hit over $50,000 for the first time since late 2021, continuing the recent crypto rallies and seeing gains of over 17% in the past month. With many inflows attributed to the recent approval of spot bitcoin ETF offerings, can bitcoin maintain this run?

Fundstrat Global Advisors Head of Digital Asset Strategy Sean Farrell and Swan Bitcoin Head of Swan Business Dante Cook join Yahoo Finance to discuss bitcoin ETF inflows and give insight into bitcoin's future.

Cook puts the rally into context:
"There are a lot of other factors outside of just the ETF inflows, although that is a massive reason why... you're seeing a lot of this price action because these ETF launches have been historic," Cook says, putting the rally into context. "FBTC, Fidelity's product [and] IBIT, Blackshare's product are number one and two the most successful ETF launches of all time. Just like the Chiefs and Patrick Mahomes won back to back championships, these last two weeks you've seen back-to-back historic levels of inflows in dollars moving into this asset class."

Thoughts?

 

[NeoMetallix]

It would be even higher without legal tender laws. If we had competing currencies, everyone would ditch the dollar for the simple fact that it can be created out of thin air on a whim.

 

[Webster]

It would be even higher without legal tender laws. If we had competing currencies, everyone would ditch the dollar for the simple fact that it can be created out of thin air on a whim.

We could always go back to bartering; that might work...

 

[NeoMetallix]

We could always go back to bartering; that might work...

At least there wouldn't be inflation! But sound money is not going back, it is going forward.

 

[Webster]

houghts?

Its' currently up to around what, $67,000 or thereabouts?

 

[Nebulous]

At least there wouldn't be inflation! But sound money is not going back, it is going forward.

I wish it would go backwards. Every time I leave the house prices have doubled!