Hello and welcome to Brokonomics. Now in this episode let's get into

Bitcoin once again. You may recall that I talked about Bitcoin a fair bit on

this channel about a year ago I sort of made various videos pushing it and got various guests in sort of push it because I felt that that was really the right time to be buying Bitcoin. It was worth about just under about $20,000 at the time. It's now come roaring back. Well let's have a look.

It is 60, what is it, it is $67,000 and a half thousand dollars at the time of recording this video.

You will see this about a week late because there's a bit of a lag time for editing.

So who knows where it's gone by then it might have had one of its

early ball run mini corrections of sort of 15% or it might be up at seeing you know in the

80s or something you know I guess we just have to find out

when we when this video actually comes out but I thought I would talk about what's

driving it where it is what the macro considerations are that are pushing this, talk about some of the

interesting market dynamics behind it, such as Black Rock have decided that they're interested

in Bitcoin, well they're very interested in Bitcoin now, and that could be a significant driver. The EDFs have

come out where Bitcoin is in relation to the market caps of other major asset

classes. And yeah, and I thought this would be an interesting

video to tease out some of those you know market consideration factors right so

let's get into Bitcoin yes so like I say pushed it last on this channel quite heavily

when it was about 20,000 dollars and actually the the vehicle that I

personally prefer for for getting in and out of Bitcoin is is a company called Microstratogy which you've heard

me talk about before. Microstratigies is a US tech company that decided that it was going to convert all of its Treasury holdings into

Bitcoin and because at the time it was one of the few vehicles that you could

buy easily on the sort of the trading platforms, you know your your

pension account or whatever else. It effectively sort of became a Bitcoin EDF but

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