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The “Bitcoin Industrial Complex” ecosystem of crypto and crypto stocks and ETFs saw a record $38 billion in trading volume today. The iShares Bitcoin Trust ETF (IBIT) alone saw $4.5 billion in inflows – not a bad start to the week.
Of course, this comes at an interesting time – the wake of last week’s election. We’ve seen some interesting moves in crypto and gold. Bitcoin is the 800-lb gorilla here, having rocketed 30%, from $67,405 to $88,040 since last Monday.
On the other hand, gold is down more than 4% over the past week. I find this a curious result seeing as how these are competing forms of money and the dollar has been strengthening in real and relative terms.
Let’s dive into Bitcoin and its ecosystem to see what might be on the table for those who might have “missed the move”…
