LFG! Bitcoin Clears $66K and Hits New All-Time High

The market reacts to an exciting milestone.

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ABOUT

This episode is sponsored by NYDIG.

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On today’s episode of “The Breakdown,” NLW looks at the market’s reaction to a new bitcoin all-time high, including:

The success of the first day of the ProShares bitcoin futures exchange-traded fund
Why the ETF didn’t end up being a “buy the rumor, sell the news” event
Why the new ATH is all the more impressive given the recent FUD and actions by the Chinese government
Why this ATH has some very different on-chain dynamics from previous ones

“The Breakdown” is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Tidal Wave” by BRASKO. Image credit: Konstantin Maksimov/iStock/Getty Images Plus, modified by CoinDesk.

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.