Newsletter
Bitcoin topped $100k last night, breaking through a critical psychological barrier.
What matters: The current rally is being driven by two primary catalysts
- The approval of Bitcoin ETFs in the US, which allowed institutional money to get exposure to the asset.
- The Trump re-relection which brought renewed policy support.
And there’s more: Trump continues to support the industry with cabinet installations. Just this morning, venture investor David Sacks was appointed Crypto and AI czar for the incoming administration.
Yes, but: while mainstream adoption continues to grow, the asset’s volatility remains a concern, limiting its use as store of value.
Worth noting: around 8% of people in India are believed to have exposure to Crypto, slightly higher than the global average.
Big picture: with the United States recognising Bitcoin at the highest level, other governments could be forced to take notice, further catalyzing the trend.
