AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Coin Stories with Natalie Brunell
News Block: Bitcoin Breaks $50k, Yellen Admits Prices Won’t Fall, Putin Says U.S. Killing the Dollar, Biden Calls Out 'Shrinkflation'
Feb 13, 2024
12:35
Snipd AI
Bitcoin breaks $50k, Putin accuses US of killing the Dollar, Biden calls out 'shrinkflation', Microstrategy becomes Bitcoin development company.
Read more
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The recent rise in Bitcoin's price can be attributed to the success of spot Bitcoin ETFs and the decrease in selling pressure caused by GBTC outflows.
- Russian President Vladimir Putin criticized the US for its policies involving the US dollar, highlighting the need for alternative assets like Bitcoin to protect against risk and diversify reserves.
Deep dives
Bitcoin ETFs and GBTC Outflows
The recent rise in Bitcoin's price can be attributed to the success of spot Bitcoin ETFs, which have seen significant demand and inflows. The selling pressure caused by GBTC outflows has decreased, leading to Bitcoin's price running again. Inflows are now dominating the market, with BlackRock's ETF exceeding $4 billion in assets under management, and Fidelity's ETF surpassing $3 billion in the first month of trading. However, there is a possibility of another large GBTC selling event if Genesis receives approval to sell nearly 36 million GBTC shares, which could put pressure on Bitcoin's price once again.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode