Is $50,000 BTC the Beginning of a Bitcoin Supercycle?

<p><span style="font-weight: 400;">Early this morning, bitcoin reached a new all-time high above $50,000. While the market quickly retraced, the psychological barrier was breached. On today’s episode, NLW explores what it means, including whether there is any technical value in the number and Michael Saylor and MicroStrategy’s new $600 million debt offering to buy more bitcoin. </span></p> <p><span style="font-weight: 400;">He also explores Dan Held’s concept of a</span> <a href= "https://danheld.substack.com/p/a-bitcoin-supercycle"><span style= "font-weight: 400;">bitcoin supercycle</span></a><span style= "font-weight: 400;">, looking at the three pillars of the argument:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Perfect macro backdrop</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Singular narrative </span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Availability and ease of use</span></li> </ul> <div data-pm-slice="1 1 []" data-en-clipboard="true">--</div> <div><em>Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io</em></div> <div>--</div> <div>Enjoying this content?</div> <div> </div> <div>SUBSCRIBE to the Podcast</div> <div>Apple:  <a href= "https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb" rev= "en_rl_none">https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb</a></div> <div>Spotify: <a href= "https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ" rev= "en_rl_none">https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ</a></div> <div>Google: <a href= "https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=" rev= "en_rl_none">https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M=</a></div> <div> </div> <div>Follow on Twitter:</div> <div>NLW: <a href="https://twitter.com/nlw" rev= "en_rl_none">https://twitter.com/nlw</a><