Friday November 13, 2020
It has been a good week. The World let out a (largely) collective sigh of relief with the confirmation of the POTUS’s days now numbered, everyone can get on with healing — not just from COVID, but from the diplomatic and economic ailments, we’ve endured for years. The change was certainly welcomed in the crypto community, with sentiment getting a boost ($5.2M of it in fact), in the form of Joe Biden contributions from FTX.US; the company behind the FTX exchange coming in as the 17th largest donor for the man in blue. Additionally, Biden is allegedly looking to tap Gary Gensler as his financial advisor- dotted with pro-Bitcoin stints in the form of lectures, articles and constructive comments…
This subsequently led to an 11.4% outperformance of $BTC vs. gold WoW as the relief rally lifted the tide for riskier assets. $BTC continued to power on.
Zoom out YTD,
A bit of a sore thumb? The best part yet however…
