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The Indicator from Planet Money

What's behind Bitcoin's bullrun?

The Indicator from Planet Money

NPR

Business

4.79.5K Ratings

🗓️ 12 March 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

The introduction of brand new spot bitcoin ETFs has put bitcoin on a bit of a hot streak. Just this week, the price of bitcoin reached a record high of about $72,000 which is about 70% higher than it was a couple of months ago. So why exactly have these ETFs changed the perception around bitcoin so quickly?

Today on the show, we talk with a Bitcoin believer and a skeptic to understand what exactly all the fuss is about for these bitcoin ETFs.

Related episodes:
WTF is a bitcoin ETF? (Apple / Spotify)

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Transcript

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0:00.0

NPR.

0:03.0

This is the indicator from Planet Money. I'm Adrian Ma.

0:14.4

And I'm Whelan Wong.

0:15.6

Bitcoin has been on a bit of a bull run lately.

0:19.0

Earlier this week, the price of a Bitcoin hit a record $72,000.

0:24.4

That is almost 70% higher than it was a couple of months ago.

0:27.8

Yeah, there's a Bitcoin fever happening right now.

0:30.8

What is going on here? Well, today on the show, we explain what's behind this surge in

0:38.2

Bitcoin's price. We'll check back in with some previous guests,

0:41.4

including a Bitcoin believer.

0:43.4

The longer term demand curve for Bitcoin, I think it's stronger than it's ever been.

0:48.8

And a Bitcoin's skeptic.

0:51.7

If investing were that easy, hey everybody will be rich. That's coming up after the break.

0:57.0

Support for this podcast and the following message come from Wise, the account that helps you manage

1:07.5

your money all around the world.

1:09.4

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1:14.4

send, spend, and receive money internationally, min fees, max ease, full speed.

1:19.6

Learn more about how the WISE account could work for you by downloading the app.

1:24.6

This message is brought to you by NPR sponsor HubSpot.

1:27.8

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1:31.6

What if connecting with customers didn't leave you with so many

1:34.6

what ifs? With HubSpot Sales Hub, your data tools and teams are fully linked on a

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