Bitcoin Breaks $90,000, but Retail isn't Here... Yet | Britcoiners by CoinCorner #148
Join Danny, Molly, Zakk and Dave for industry-led opinions on important Bitcoin stories from the week. This week's topics: Intro Bitcoin price People still don't understand Bitcoin Retail isn't here Bitcoiners are typically a certain personality type Trump wins 2024 US election Analysts expecting Bitcoin to hit $100k before Trump's inauguration BlackRock ETF MicroStrategy acquires additional 27,000 BTC for $2.03B Bitcoin surpasses Meta and Silver in market cap Fed cuts rates Tether Investments facilitates loading and transporting of Middle Eastern crude oil David Bailey: “There is at least one nation state that has been actively acquiring Bitcoin and is now a top 5 holder” Dennis Porter: “I can confirm that HUGE news is coming this week for Bitcoin. 100% guaranteed.” Cynthia Lummis: “WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE” Nayib Bukele: “I told you so” Raoul Pal on Diary of a CEO Podcast Dear Dave: Does CoinCorner have any plans for expansion into the USA 44:52: CoinCorner News: Bitcoin Explained Like I'm 5 Bitcoin Explained Like I'm 5: https://amzn.eu/d/80HIJYV Britcoiners is a Bitcoin podcast by CoinCorner (https://www.coincorner.com) - a global leader in Bitcoin and Lightning services. Join our Telegram: https://t.me/britcoiners Follow Britcoiners on X: https://x.com/britcoiners Follow CoinCorner on X: https://x.com/coincorner #coincorner #britcoiners #bitcoin #bitcoinpodcast #bitcoinnews
Transcript
On that little litmus test, I would say there's retail interest-music-interest in retail. Retail is not fully here yet, but that's what we'll kick off with.
Britcoiners is at Episode 148, very exciting times. Agenda: Bitcoiners have a personality type, apparently. Trump wins the 2024 US election. BlackRock's Bitcoin ETF and Bitcoin hitting $100,000. Cynthia Lummis. Bitcoin surpassing Meta. Fed cuts. Tether investments.
Bitcoin surpassing Meta-who ticked that? Not me. It might've been me, just by market cap. But who cares? Molly, tell us all about it. That was a good point to highlight. Bukele and Dennis Porter.
A jam-packed pod today.
Bitcoin price, first and foremost-who's getting any sleep at the moment? Not me.
"Me? No, like a baby."
"Well, nice one. That was just a general welfare question."
"Oh, thank you. Just checking in."
Bitcoin's live price is $87,500. What a seven days it's been. Mikey, nearly 30% in 7 days-27%.
Last episode's price was $68,800, and the high since then has been $89,993. I think we got to that early morning-what a week.
We called it. You could feel it in the air, right? Everyone knew it was going to happen.
It's exciting times. Everybody's happier, aren't they?
"No, it's inevitable," Molly says.
The sentiment is very positive. Inevitable is the word I would use in some ways, but the sentiment on Twitter, socials, and the community definitely feels more positive.
For a lot of people, it's their first bull run, so I don't think they understand the magnitude of what's happening.
I was out on Saturday, and I got approached by everyone about it. Literally everyone.
"So, are you saying retail is here?"
On that little litmus test, I would say there's retail interest.
"Interest?"
Yes, very early stages.
"Danny, everyone associates you with Bitcoin, don't they? You're the Bitcoin guy in the group."
"Oh God. Me?"
"Oh God."
"Yeah, I'm the Bitcoin guy in most groups, I think."
The main question I kept getting was, "I don't understand Bitcoin," which was very frustrating.
Do you know what we've got for that?
What have you got for that?
Honestly, we should naturally slide into this topic, but we'll circle back later. Everyone asking me about Bitcoin frustrates me because you can either sit down for five hours to explain, or you just say, "Fundamentally, you don't need to understand it. Do you understand Apple?"
Exactly. Did you understand the internet in 1995? No, but you used it.
This always comes up. Did anyone truly understand the prospects of the internet in 1995? Probably not, but they adopted it anyway.
It's frustrating, but we're going to have to accept that retail takes time.