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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h219">Weak hands are out</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h39">Central banks are going nuts </a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    Prominent trader and CNBC host Guy Adami opined that Bitcoin (BTC) was "the victor" in the world of fiat currencies during a recent "Fast Money" episode.
    
    <blockquote>
    "In a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In a world of fiat currencies, Bitcoin is the victor."
    </blockquote>
    
    <blockquote class="twitter-tweet">
    Bitcoin's back above $10K, what's different this time around? <a rel="nofollow" target="_blank" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a rel="nofollow" target="_blank" href="https://t.co/FiWU4AIDmE">pic.twitter.com/FiWU4AIDmE</a>
    — CNBC's Fast Money (@CNBCFastMoney) <a rel="nofollow" target="_blank" href="https://twitter.com/CNBCFastMoney/status/1227366740901974017?ref_src=twsrc%5Etfw">February 11, 2020</a></blockquote>
    
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Weak hands are out
    
    With the BTC price&nbsp;surging above the $10,000 level once again, the question is whether this rally will be any different. &nbsp;
    
    CNBC's Tim Seymour&nbsp;said that a lot of weak hands have been shaken out after Bitcoin's 40 percent rout. The same argument was voiced by <a href="https://u.today/peter-brandt-says-bitcoin-btc-is-in-early-stages-of-another-parabolic-move">trading vet Peter Brandt</a>.
    
    He also highlighted the rapid pace of institutional adoption in the cryptocurrency industry.&nbsp;
    
    <blockquote>
    "You've certainly gotten further down the road in terms of institutional follow-through. You certainly have major bank in the road talking about their own institutional platforms."
    </blockquote>
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Central banks are going nuts&nbsp;
    
    Seymour also noted that gold <a rel="nofollow" target="_blank" href="#">was rallying in tandem with Bitcoin</a> when money was becoming&nbsp;"freer than free."&nbsp;His argument was picked up by&nbsp;Karen Finerman, a fellow CNBC host,&nbsp;who said that the U.S. Federal Reserve and other central banks were going "nuts."&nbsp;
    
    <blockquote>
    "That's part of the bull case for Bitcoin. Plus institutional interest as well."&nbsp;&nbsp;
    </blockquote>
    
    As <a href="https://u.today/us-is-working-hard-on-digital-dollar-libra-was-wake-up-call-jerome-powell">reported by U.Today</a>, Fed&nbsp;Chairman Jerome Powell recently confirmed that the US was working hard on its digital currency but they should clearly understand all "benefits and trade-offs."
    ') (Line: 1145)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
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    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
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    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
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    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
    Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
    Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
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    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
    Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
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    Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
    Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    
  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3181 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h219">Weak hands are out</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h39">Central banks are going nuts </a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    Prominent trader and CNBC host Guy Adami opined that Bitcoin (BTC) was "the victor" in the world of fiat currencies during a recent "Fast Money" episode.
    
    <blockquote>
    "In a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In a world of fiat currencies, Bitcoin is the victor."
    </blockquote>
    
    <blockquote class="twitter-tweet">
    Bitcoin's back above $10K, what's different this time around? <a rel="nofollow" target="_blank" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a rel="nofollow" target="_blank" href="https://t.co/FiWU4AIDmE">pic.twitter.com/FiWU4AIDmE</a>
    — CNBC's Fast Money (@CNBCFastMoney) <a rel="nofollow" target="_blank" href="https://twitter.com/CNBCFastMoney/status/1227366740901974017?ref_src=twsrc%5Etfw">February 11, 2020</a></blockquote>
    
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Weak hands are out
    
    With the BTC price&nbsp;surging above the $10,000 level once again, the question is whether this rally will be any different. &nbsp;
    
    CNBC's Tim Seymour&nbsp;said that a lot of weak hands have been shaken out after Bitcoin's 40 percent rout. The same argument was voiced by <a href="https://u.today/peter-brandt-says-bitcoin-btc-is-in-early-stages-of-another-parabolic-move">trading vet Peter Brandt</a>.
    
    He also highlighted the rapid pace of institutional adoption in the cryptocurrency industry.&nbsp;
    
    <blockquote>
    "You've certainly gotten further down the road in terms of institutional follow-through. You certainly have major bank in the road talking about their own institutional platforms."
    </blockquote>
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Central banks are going nuts&nbsp;
    
    Seymour also noted that gold <a rel="nofollow" target="_blank" href="#">was rallying in tandem with Bitcoin</a> when money was becoming&nbsp;"freer than free."&nbsp;His argument was picked up by&nbsp;Karen Finerman, a fellow CNBC host,&nbsp;who said that the U.S. Federal Reserve and other central banks were going "nuts."&nbsp;
    
    <blockquote>
    "That's part of the bull case for Bitcoin. Plus institutional interest as well."&nbsp;&nbsp;
    </blockquote>
    
    As <a href="https://u.today/us-is-working-hard-on-digital-dollar-libra-was-wake-up-call-jerome-powell">reported by U.Today</a>, Fed&nbsp;Chairman Jerome Powell recently confirmed that the US was working hard on its digital currency but they should clearly understand all "benefits and trade-offs."
    ') (Line: 1145)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
    Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
    Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
    Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
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    Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
    Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
    Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
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    Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
    Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    
  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3178 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h219">Weak hands are out</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h39">Central banks are going nuts </a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    Prominent trader and CNBC host Guy Adami opined that Bitcoin (BTC) was "the victor" in the world of fiat currencies during a recent "Fast Money" episode.
    
    <blockquote>
    "In a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In a world of fiat currencies, Bitcoin is the victor."
    </blockquote>
    
    <blockquote class="twitter-tweet">
    Bitcoin's back above $10K, what's different this time around? <a rel="nofollow" target="_blank" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a rel="nofollow" target="_blank" href="https://t.co/FiWU4AIDmE">pic.twitter.com/FiWU4AIDmE</a>
    — CNBC's Fast Money (@CNBCFastMoney) <a rel="nofollow" target="_blank" href="https://twitter.com/CNBCFastMoney/status/1227366740901974017?ref_src=twsrc%5Etfw">February 11, 2020</a></blockquote>
    
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Weak hands are out
    
    With the BTC price&nbsp;surging above the $10,000 level once again, the question is whether this rally will be any different. &nbsp;
    
    CNBC's Tim Seymour&nbsp;said that a lot of weak hands have been shaken out after Bitcoin's 40 percent rout. The same argument was voiced by <a href="https://u.today/peter-brandt-says-bitcoin-btc-is-in-early-stages-of-another-parabolic-move">trading vet Peter Brandt</a>.
    
    He also highlighted the rapid pace of institutional adoption in the cryptocurrency industry.&nbsp;
    
    <blockquote>
    "You've certainly gotten further down the road in terms of institutional follow-through. You certainly have major bank in the road talking about their own institutional platforms."
    </blockquote>
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Central banks are going nuts&nbsp;
    
    Seymour also noted that gold <a rel="nofollow" target="_blank" href="#">was rallying in tandem with Bitcoin</a> when money was becoming&nbsp;"freer than free."&nbsp;His argument was picked up by&nbsp;Karen Finerman, a fellow CNBC host,&nbsp;who said that the U.S. Federal Reserve and other central banks were going "nuts."&nbsp;
    
    <blockquote>
    "That's part of the bull case for Bitcoin. Plus institutional interest as well."&nbsp;&nbsp;
    </blockquote>
    
    As <a href="https://u.today/us-is-working-hard-on-digital-dollar-libra-was-wake-up-call-jerome-powell">reported by U.Today</a>, Fed&nbsp;Chairman Jerome Powell recently confirmed that the US was working hard on its digital currency but they should clearly understand all "benefits and trade-offs."
    ') (Line: 1145)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
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    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
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    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
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    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3181 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h219">Weak hands are out</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h39">Central banks are going nuts </a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    Prominent trader and CNBC host Guy Adami opined that Bitcoin (BTC) was "the victor" in the world of fiat currencies during a recent "Fast Money" episode.
    
    <blockquote>
    "In a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In a world of fiat currencies, Bitcoin is the victor."
    </blockquote>
    
    <blockquote class="twitter-tweet">
    Bitcoin's back above $10K, what's different this time around? <a rel="nofollow" target="_blank" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a rel="nofollow" target="_blank" href="https://t.co/FiWU4AIDmE">pic.twitter.com/FiWU4AIDmE</a>
    — CNBC's Fast Money (@CNBCFastMoney) <a rel="nofollow" target="_blank" href="https://twitter.com/CNBCFastMoney/status/1227366740901974017?ref_src=twsrc%5Etfw">February 11, 2020</a></blockquote>
    
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Weak hands are out
    
    With the BTC price&nbsp;surging above the $10,000 level once again, the question is whether this rally will be any different. &nbsp;
    
    CNBC's Tim Seymour&nbsp;said that a lot of weak hands have been shaken out after Bitcoin's 40 percent rout. The same argument was voiced by <a href="https://u.today/peter-brandt-says-bitcoin-btc-is-in-early-stages-of-another-parabolic-move">trading vet Peter Brandt</a>.
    
    He also highlighted the rapid pace of institutional adoption in the cryptocurrency industry.&nbsp;
    
    <blockquote>
    "You've certainly gotten further down the road in terms of institutional follow-through. You certainly have major bank in the road talking about their own institutional platforms."
    </blockquote>
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Central banks are going nuts&nbsp;
    
    Seymour also noted that gold <a rel="nofollow" target="_blank" href="#">was rallying in tandem with Bitcoin</a> when money was becoming&nbsp;"freer than free."&nbsp;His argument was picked up by&nbsp;Karen Finerman, a fellow CNBC host,&nbsp;who said that the U.S. Federal Reserve and other central banks were going "nuts."&nbsp;
    
    <blockquote>
    "That's part of the bull case for Bitcoin. Plus institutional interest as well."&nbsp;&nbsp;
    </blockquote>
    
    As <a href="https://u.today/us-is-working-hard-on-digital-dollar-libra-was-wake-up-call-jerome-powell">reported by U.Today</a>, Fed&nbsp;Chairman Jerome Powell recently confirmed that the US was working hard on its digital currency but they should clearly understand all "benefits and trade-offs."
    ') (Line: 1145)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
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    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
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    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
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    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1002)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
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    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
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    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
    Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
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Bitcoin (BTC) Is the Victor in a World of Fiat Currencies: CNBC's Guy Adami

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Wed, 12/02/2020 - 6:18
Bitcoin (BTC) Is the Victor in a World of Fiat Currencies: CNBC's Guy Adami
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Prominent trader and CNBC host Guy Adami opined that Bitcoin (BTC) was "the victor" in the world of fiat currencies during a recent "Fast Money" episode.

"In a world where central bankers are tripping over themselves to devalue their currency, Bitcoin wins. In a world of fiat currencies, Bitcoin is the victor."

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Weak hands are out

With the BTC price surging above the $10,000 level once again, the question is whether this rally will be any different.  

CNBC's Tim Seymour said that a lot of weak hands have been shaken out after Bitcoin's 40 percent rout. The same argument was voiced by trading vet Peter Brandt.

He also highlighted the rapid pace of institutional adoption in the cryptocurrency industry. 

"You've certainly gotten further down the road in terms of institutional follow-through. You certainly have major bank in the road talking about their own institutional platforms."

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Central banks are going nuts 

Seymour also noted that gold was rallying in tandem with Bitcoin when money was becoming "freer than free." His argument was picked up by Karen Finerman, a fellow CNBC host, who said that the U.S. Federal Reserve and other central banks were going "nuts." 

"That's part of the bull case for Bitcoin. Plus institutional interest as well."  

As reported by U.Today, Fed Chairman Jerome Powell recently confirmed that the US was working hard on its digital currency but they should clearly understand all "benefits and trade-offs."

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