Bitcoin is not slowing down after its massive start to 2021, and February has been another incredibly bullish month for bitcoin.
First, following Tesla’s announcement that they bought $1.5bn of bitcoin for their corporate treasury, the price surged above $50,000 for the first time.
A few days later, with the bitcoin price at $53,763, the market capitalisation of bitcoin broke $1 trillion.
Although bitcoin has since dropped back below the $1 trillion market cap, some analysts have suggested that if bitcoin can hold above that level, this de-risks bitcoin as an investment. With this, some institutional investors may begin to see bitcoin as a more feasible option.
In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We discuss Tesla buying bitcoin, MicroStrategy’s billion-dollar raise, hitting a $1 trillion market cap and the sovereign bond market.