In this podcast episode, the host explores the recent rise in Bitcoin's price, which has surpassed its previous all-time high after a period of stability. They delve into the connection between Bitcoin's value and the US dollar index, pointing out historical trends while also noting some exceptions, like the aftermath of the 2016 election. The discussion also considers the performance of the S&P 500, which has typically mirrored Bitcoin's movements. By applying a valuation model that factors in both the US dollar and the S&P 500, the host suggests that Bitcoin still has considerable growth potential. However, they mention having already taken some profits and plan to keep a close eye on the market.
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