Pennies: Going in Raw is one of the most popular finance and investment themed podcasts. On Monday, hosts Hughe Henne and Dan Deity talked about Bitcoin s rise to new highs and SPAC opportunities.
Bitcoin s Two Catalysts: Bitcoin s rise to new all-time highs was aided by two. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
Pennies: Going in Raw is one of the most popular finance and investment themed podcasts. On Monday, hosts Hughe Henne and Dan Deity talked about Bitcoin s rise to new highs and SPAC opportunities.
Bitcoin s Two Catalysts: Bitcoin s rise to new all-time highs was aided by two stock market-related catalysts, Henne said.
First, as soon as the short squeeze fiasco involving
GameStop Corp. (NYSE:GME) and other heavily shorted names came to a halt, investors would be looking to park their money in bitcoin, along with cannabis stocks.
Bitcoin s rally was also fueled in part by
Tesla Inc s (NASDAQ:TSLA) announcement it not only bought $1.5 billion worth of bitcoin but would accept the digital currency as a form of payment.