Odd Lots
Bitcoin Has Been Surging. Interest in Bitcoin Is Not
Where are we in the FOMO cycle?
Cryptocurrency ATMs, operated by Coinhero in Hong Kong, China, on Tuesday, Dec. 5, 2023.
Photographer: Paul Yeung/BloombergThis article is for subscribers only.
For whatever reason, Bitcoin has been surging again. It recently broke above $44,000 for the first time since May 2022.
And with the price rise, crypto executives are back to waxing eloquent about how, for example, Bitcoin will extend Western civilization. That’s standard stuff for a bull cycle.