11 min listen
BREAKDOWN: Is Bitcoin a Safe Haven or 'Schmuck Insurance'?
BREAKDOWN: Is Bitcoin a Safe Haven or 'Schmuck Insurance'?
ratings:
Length:
19 minutes
Released:
Feb 26, 2020
Format:
Podcast episode
Description
Bitcoin is having a terrible, horrible, no good very bad day. Many are using the dump - which from a timing perspective aligns with a broader market selloff among Coronavirus fears - as a way to diminish the “bitcoin as a safe haven” narrative. In this episode, @nlw revisits that narrative and argues that it is uncomfortably bunched up with the uncorrelated asset narrative, or, as Chamath Palihapitiya calls it “schmuck insurance.”This episode also covers:Central bank digital currency (CBDC) news: Canada says it doesn’t see the need right now but that could change if private cryptos get more traction, while China’s work on a digital yuan is paused due to Coronavirus shutdowns. The six year anniversary of Mt. Gox’s lost 750,000 BTC coming to light. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Feb 26, 2020
Format:
Podcast episode
Titles in the series (100)
Wall Street <3 Crypto? by CoinDesk Podcast Network