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BREAKDOWN: Why Bitcoin Investors Aren’t Worried About This Price Pullback
BREAKDOWN: Why Bitcoin Investors Aren’t Worried About This Price Pullback
ratings:
Length:
16 minutes
Released:
Sep 8, 2020
Format:
Podcast episode
Description
Critiques of correlation between bitcoin and equities miss the fact that bitcoin adoption within traditional markets has been driven by a fiat collapse concern.This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.Today on the Brief:Stock market continues its descentInsider stock selling reached five-year high in AugustPresident Trump promises more aggressive decoupling from ChinaOur main discussion: Investors and the BTC price dip.Over the last several weeks, bitcoin has pulled back from $12,400 to around $10,000. This dip has happened alongside a broader retracement in equities, led by falling tech stocks. While some have levied correlation to equities as a failure of bitcoin, NLW argues this critique misunderstands the narrative that has driven accumulation from new holders over the last six months. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Sep 8, 2020
Format:
Podcast episode
Titles in the series (100)
Notes On a Swatting by CoinDesk Podcast Network