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Bitcoin spike blamed on an April Fools' joke — but that's not why it rallied
By Kate Rooney
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Formerly Twitter
Bitcoin Archive
BTC_Archive
Last night yet another US bank collapsed and was seized by regulators.
In March 2023 Silicon Vally Bank, Signature Bank, and First Republic collapsed.
#Bitcoin rallied +58% after the initial sell-off, as investors realised the value of a zero counter-party risk store of value… pic.twitter.com/w73OhlI9r6
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Bitcoin Archive
BTC_Archive
Dave Portnoy 2020: "I currently own zero bitcoins. I will wait and watch."
Price: $11,800
Dave Portnoy 2024: I wouldn’t buy Bitcoin at these levels. I’m don’t think I can stomach getting back in until it’s in the 40’s again"
Price: $64,233 pic.twitter.com/it1tKoeh1T
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Grayscale
Grayscale
Spot ETF inflows, stablecoin liquidity, & DeFi growth are key catalysts underpinning its upward momentum. Watch for more about the trends shaping the #Bitcoin market's trajectory. pic.twitter.com/iH4TfcfyAw
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Grayscale
Grayscale
Building a diversified portfolio has gotten harder, due to lower bond returns, higher correlations across assets, and macro risks. The crypto asset class can be a useful ingredient for building an effective portfolio.
Read more: www.grayscale.com/research/reports/the-role-of-crypto-in-a-portfolio pic.twitter.com/IlffT40JtM
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