Last week an unknown buyer purchased $51.4 million worth of Bitcoin as the price surged to a record above $124,000 and then fell back to about $115,000 by Sunday. The episode tracks that large, timely purchase against a backdrop of dramatic short-term volatility.
The episode discusses what the move signals for market sentiment, the potential influence of large strategic buys, and how such swings underscore both the risks and long-term interest in Bitcoin among investors.