, 8 tweets, 7 min read Read on Twitter
1/ #bitcoin moves, and of course the world wants to know why 🤷🏽‍♀️

expanding on my thoughts shared with @MelissaLeeCNBC and crew @CNBCFastMoney👇
2/ let’s start with what’s changed since my last visit during the CRYPTO CRISIS

✅ legacy finance players are legitimizing the asset class
✅ new consumer touch points are expanding access
✅ new platforms and services are enabling institutional investment
3/ real talk, in the last 6 mos:
- @NYSE @Bakkt announced $182.5M raise for bitcoin exchange, clearing & custody services
- @DigitalAssets bitcoin trading & custody set for launch
- @TDAmeritrade launching bitcoin futures

not to mention ppl like @jack are #stackingsats
4/ more retail investors? ✅

- it’s easier than ever to buy bitcoin with @CashApp
- @fold_app and @FlexaHQ make it easy to spend bitcoin at your favorite stores including @Starbucks, @WholeFoods & @Nordstrom
- get sats back when you shop at over 500 retailers w/ @trylolli
5/ the big boys are getting new toys too...

- at least 8 cryptos are represented on traditional exchanges now (@xbtprovider, @GrayscaleInvest, @AmunAG)
- @Bakkt physically-settled futures *supposedly* coming in july
- @CoinbaseCustody continues to expand access
6/ with all this building happening, it’s easy to forget that two months ago we were still in the throes of winter ❄

but crypto winter did what it does best - froze out the 💩, drove consolidation , and generally flushed out the market 🚽
7/ now, we might be seeing early signs of spring 🌸

➕ bitcoin dominant once again (>60%)
➕ finance media refers to it as an “asset” now
➕ world’s most valuable co. (@microsoft) is building digital id services on top of it
➕ cos. like @square are investing in products for it
8/ i’m not saying the winter is over, this could be one of those false springs...

but if the ETP’s on the market do act as punxsutawney phil as @fundstrat & @spencernoon have suggested before (), then things might just be trending up... 🌻☀🚀
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Meltem Demirors
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!