RATE Group | What Pushed Bitcoin Up 65% in 2 Months? Top Fund Manager Explains
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What Pushed Bitcoin Up 65% in 2 Months? Top Fund Manager Explains

15 Feb What Pushed Bitcoin Up 65% in 2 Months? Top Fund Manager Explains

Posted at 04:20h in Bitcoin News by

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Since the middle of December, Bitcoin has been on an absolute tear higher, rallying from $6,400 to $10,550 earlier this week, per data from TradingView. This marks a surge of over 60%, meaning that the cryptocurrency outpaced a majority of other multi-billion-dollar assets save for Ethereum, XRP, and Tesla.

This strong surge comes shortly after cryptocurrency investors expected BTC to drop off a cliff, meaning this uptrend has caught traders off guard, as evidenced by the hundreds of millions of dollars worth of short position liquidations over recent weeks.

Related Reading: Bitcoin Could Go Vertical as Price Explodes Past Crucial Resistance at $10,000

Mike Novogratz, CEO of crypto merchant bank Galaxy Digital and a former partner at Goldman Sachs, recently weighed in, telling CNBC’s “Closing Bell” panel why he thinks Bitcoin has embarked on this near-relentless trend higher.

Why is Bitcoin Up so Much?

In the interview published Friday evening, the Wall Street investor responded…

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