How Real Is Bitcoin’s Rally? 8 Interpretations of the $11k Surge

<p><span style="font-weight: 400;">It was a beautiful Monday. </span></p> <p><a href="https://qa.coindesk.com/price/bitcoin"><span style= "font-weight: 400;">Bitcoin</span></a> <span style= "font-weight: 400;">crashed through $10,000 and got all the way up to a new yearly high of about $11,000 before retracing slightly. </span></p> <p><span style="font-weight: 400;">As with any dramatic price action, people were quick to start giving their interpretations of why it happened. </span></p> <p><span style="font-weight: 400;">In this episode, NLW explains eight of those interpretations, including:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">Banks stacking due to changes in custody rules</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Money printer go brrr</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Stock to flow model</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Robinhood traders piling in</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">DeFi gain recycling </span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Buyers exceeding sellers</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">“Perfect storm”</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Dollar crash, negative real interest rates and the search for a new reserve currency</span></li> </ul> <p><span style="font-weight: 400;">Ultimately, NLW argues that it is this last factor driving up not only bitcoin but gold and silver.</span></p>