Here’s Why Bitcoin Is Rallying Just Before Thanksgiving

Once upon a time, Bitcoin was the darling of cyberpunks and those charming bearded libertarians who spent their days waving their arms and discussing freedom. But darling, now that Bitcoin’s been given the glamorous green light by ETFs-yes, exchange-traded funds-the new Bitcoin enthusiast could very well be a Wall Street executive in a crisply pressed navy suit. These ETFs now hold a stunning 1.5 million BTC, or a nifty 7.2% of the total supply. Meanwhile, public companies have also jumped on the bandwagon. This, my dear, might just explain why Bitcoin’s rally to $90K was practically dancing in lockstep with the stock market’s little Thanksgiving pre-party.


