Ask a Wise Ape

Ask a Wise Ape

#208: Why Bitcoin's Up 120% YTD

Ape of Omaha's avatar
Ape of Omaha
Nov 09, 2023
∙ Paid

  • Bitcoin (BTC) has risen 35% (up to almost $37k) in the past month and 120% YTD (year-to-date), as of writing

  • To me, it’s confusing at first, because of the whole negative sentiment around crypto in general that has grown recently (i.e. SBF) and high rates was no good news for extra risky-and-volatile assets like crypto

  • Let’s take a look at some theories a…

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