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How Strong Is Bitcoin’s Push Above $12,000?

How Strong Is Bitcoin’s Push Above $12,000?

Today on the Brief: DOJ files biggest antitrust case in two decades against Google Goldman Sachs’ 1MDB settlement LINE’s new CBDC platform Our main discussion: bulls vs. bears as passes $12K Someone recently tweeted,...

The Breakdown

October 21, 202015m 38s

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Show Notes

Today on the Brief:

  • DOJ files biggest antitrust case in two decades against Google 
  • Goldman Sachs’ 1MDB settlement 
  • LINE’s new CBDC platform 

Our main discussion: bulls vs. bears as bitcoin passes $12K

Someone recently tweeted, “Bitcoin price has never been this high with such bearish sentiment.” 

On this episode, NLW looks at the bullish case (growth in open interest on CME backed by strong macro narrative around stimulus) and bearish case ($12K sell wall and bleeding from alts and DeFi).