Kenton Ralph Toews – Bitcoin’s Breakout, ETF Expectations, What Drives Cryptocurrencies From Here
Kenton Ralph Toews, President of Youxia Crypto joins me to provide an update on the cryptocurrency markets. Bitcoin recently rose to 52 week highs and has continued to grind higher throughout November. Kenton and I discuss how much the expectation of the ETF approval is driving this move and to what degree the Fed pause has on this rise. Kenton points to the shrinking discount to NAV for the Grayscale Bitcoin Trust.
I ask Kenton about other cryptocurrency coins that are outperforming Bitcoin. He focuses on RUNE which is the native token for THORChain. This coin has gone 4X in just over a month.