This Week on Crypto Twitter
Illustration by Mitchell Preffer for Decrypt

After a few starts and stops following the historic approval of spot Bitcoin ETFs last month, Bitcoin soared to new highs this week, prompting a wave of confident—even cocky—optimism on Crypto Twitter that the best for BTC is still yet to come. 

On Monday, Bitcoin broke past $50,000 for the first time since 2021, which was during the cryptocurrency’s historic rally to its all-time high price of nearly $69,000. Over the course of the week, the token continued to climb, climbing above $51,000 on Wednesday and hovering near $52K much of the time. 

On Twitter, users marveled not only at BTC’s incredible performance, but also that such gains were not stirring up much frenzy. 


Many crypto holders didn’t view that lack of hullabaloo as concerning or defeatist. On the contrary, they saw it as indicative of widespread confidence that Bitcoin is now poised to climb much, much further. 

Those convictions were further bolstered by the news this week that net flows into spot Bitcoin ETFs surpassed $3 billion, dwarfing the performance of gold ETFs when they launched 20 years ago. 


Spurring even more excitement was the widespread sentiment shared across Crypto Twitter this week that BTC’s boost could have staying power due to several factors, including the upcoming Bitcoin halving, which will reduce BTC’s supply right as demand for the token is surging. 

That demand also appears poised to grow, with several well-sourced Twitter users indicating that appetites on Wall Street are only growing for even more exposure to the world’s top cryptocurrency. 

By the end of the week, spirits on Crypto Twitter were so high that it almost seemed apt when reports surfaced that crypto arch-nemesis Senator Elizabeth Warren had allegedly ordered a flag to be raised above the U.S. Capitol in honor of Bitcoin founder Satoshi Nakamoto. 


Alas, it turns out Warren did not become a Bitcoin HODLer overnight. But not all dreams are meant to come true. 

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