BREAKDOWN: Can Bitcoin Just Keep Going Up?

With bitcoin (briefly) passing $40,000 for the first time, the question becomes: Can it keep going or is a reset necessary? 

This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.

Today on the Brief:

U.S. President Trump signs order banning Chinese appsInitial jobless claims hold steady at 787,000Elon Musk becomes the world’s richest person

Our main discussion: Can bitcoin just keep going up? 

In this episode, NLW breaks down:

What’s driving the rally, including the growth of institutional buyers, burgeoning retail FOMO, Asian markets and more Why some indicators are pointing towards a trader move into altcoins Why, despite the rapid growth, bitcoin remains undervalued 

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A new era of innovation on Bitcoin has begun. Stacks 2.0 enables secure apps and smart contracts on Bitcoin, unlocking new use cases and value while laying the foundation for a user-owned internet. https://stacks.co.

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