Bankless ROLLUP: 3rd Week of December
Dec 17, 2020
Bitcoin's thrilling ascent to new all-time highs energizes the cryptocurrency market as Ethereum follows suit with impressive gains. The increasing interest in Ethereum options and institutional investments signals a budding bull market. Discussions on the rise of digital currencies, especially USDC's integration with Visa, highlight the rapid evolution of finance. Challenges like security breaches and regulations in DeFi are also covered, along with the explosive growth of the NFT art market, showcasing the dynamic landscape of crypto.
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Bitcoin Breaks All-Time High
- Bitcoin broke its 2017 all-time high of $20,000, reaching nearly $24,000.
- This proves wrong everyone who said Bitcoin would never reach its all-time high again.
Ethereum's Potential
- Despite being 50% off its all-time high, the Ethereum network has vastly improved.
- DeFi and other innovations now exist, potentially creating an investment opportunity.
Grayscale ETH Premium
- Grayscale's ETH premium is over 200% versus spot price, showing locked-up institutional demand.
- Some investors prioritize convenient ETH exposure via their brokers over cost.