Is $50,000 BTC the Starting of a Bitcoin Supercycle?


As bitcoin reaches a brand new milestone all-time excessive, NLW asks whether or not we’ve damaged out of a conventional halving-based market cycle to one thing larger.

This episode is sponsored by Nexo.io.

Early this morning, bitcoin reached a brand new all-time excessive above $50,000. Whereas the market rapidly retraced, the psychological barrier was breached. On right this moment’s episode, NLW explores what it means, together with whether or not there’s any technical worth within the quantity and Michael Saylor and MicroStrategy’s new $600 million debt providing to purchase extra bitcoin.

He additionally explores Dan Held’s idea of a bitcoin supercycle, wanting on the three pillars of the argument:

Picture credit score: Overearth/iStock/Getty Photographs Plus



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