Few themes have come to define the current surge in capital investment and asset prices – and the culture around this bull market – like the cryptocurrency space.
The explosion higher in the price of Bitcoin gains most of the attention, but the larger theme is much bigger than just Bitcoin. A new concept of money and of transacting value is emerging, and it is gaining traction with increasing legitimacy driven, in large part, by the attachment of brands and influential supporters.
This group now includes, Tesla, Cathie Wood, Square, PayPal, MicroStrategy, and major Wall Street firms such as Goldman Sachs and JPMorgan.