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Bitcoin Hits $15,000: Here Comes the FOMO

Twitter interprets today’s massive price action, as bitcoin smashes through $15,000, its highest price since 2017’s record-breaking run.

Updated Sep 14, 2021, 10:27 a.m. Published Nov 5, 2020, 8:00 p.m.
Breakdown 11.5-bonus

Bitcoin Twitter interprets today’s massive price action.

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This episode is sponsored by Crypto.com and Nexo.io.

As the U.S. election picture starts to become more clear, bitcoin has smashed through $15,000 – its highest price since 2017’s record-breaking run. Alongside the price action has come a wave of mainstream media coverage.

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In this special he-was-supposed-to-be-on-vacation episode, NLW breaks down Twitter’s response and shares interpretations, including:

  • “Quietest bull run ever”
  • Stimulus on the way
  • Halving bull redemption
  • Death of the nation-state
  • Start of a reflexive cycle
  • It feels real

See also: Bitcoin Breaks $15K as Investor Numbers Peak

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

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Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.

What to know:

  • Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
  • The rally coincided with significant spot BTC price premium on Coinbase.
  • Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.