Bitcoin Tops $10,000 As Stocks Soar, VIX Tumbles

For the first time since January, Bitcoin is trading above $10,000...

 

 

There has been notable price action and volume around the Asian close every day this week...

 

But it seems Bitcoin is more interested in following Nasdaq higher and VIX lower..

A fundamental reason cited for bitcoin's jump is that during the Goldman Tech Conference, Andreessen Horowitz General Partner Alex Rampell made a bullsih case for Bitcoin, noting that he believes that Bitcoin could be viable store of value because of its deflationary nature & censorship resistance, and especially because it already has established a network effect.

That said, Rampell's bullish outlook on bitcoin is hardly new, as the following presentation from December 2017 shows: