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Mad Crypto: A post-Blockchain Week explainer about bitcoin’s price

Frank Chaparro
This post first appeared in Frank Chaparro’s weekly column “Mad Crypto,” which is sent to Genesis members’ inbox every Monday morning. The post Mad Crypto: Libra was just the cherry on top of this rally appeared first on The Block.

This post first appeared in Frank Chaparro’s weekly column “Mad Crypto,” which is sent to Genesis members’ inbox every Monday morning. 

Despite the surge in bitcoin’s price over the last month, I can happily report that this year’s Blockchain Week was far less focused on speculation and money-making schemes, and far more focused on shining light on the builders, developers, and institutional players of the crypto market. 

 

Still, the question of what’s behind the market upswing was top of mind for many bitcoin enthusiasts as they zipped around Manhattan. Indeed, one of the most frequently asked questions during meetings, panels, and revelrous drinking was “what do you think is behind this bullish sentiment?”

 

Bitcoin is up 105% year-to-date, at last check trading at $7,878 a coin.

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