As bitcoin crosses $17,000 it’s not retail speculation but a new, long-term investor mindset driving the price up. 

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This episode is sponsored by Crypto.com and Nexo.io.

Today on the Brief:

• Tesla to join S&P 500
• Airbnb files for IPO 
• The Mooch wants crypto 

Our main discussion: HODL FOMO vs. Speculative FOMO.

The 2017-2018 bull run was driven by ICO mania and a relentless get-richism that was nothing if not short-term. As bitcoin passes $17,000 and questions of looming all-time highs start to make their way into mainstream press, it is a very new set of actors and a new set of thinking that is driving this movement.

See also: Bitcoin at $318,000 Next December? One Citibank Exec Says It’s Possible

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.