Now that the bitcoin price is out of the doldrums, every mainstream financial media outlet has come out of the woodwork and back to crypto. With a few exceptions, much of the coverage has been reasonable. News outlets are searching for reasons behind the sudden spike in the bitcoin price. There’s no shortage of explanations, chief among which point to a whale’s big buy and computer-powered algorithmic hedge fund trading strategies. Of course, if you ask Blockstream’s Samson Mow, the rally may just be a result of good old fashioned supply and demand. “Today’s spike in Bitcoin’s price was caused
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