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BREAKDOWN: In Retrospect, It Was Inevitable – Elon Musk Pumps Bitcoin to Space

BREAKDOWN: In Retrospect, It Was Inevitable – Elon Musk Pumps Bitcoin to Space

FromCoinDesk Podcast Network


BREAKDOWN: In Retrospect, It Was Inevitable – Elon Musk Pumps Bitcoin to Space

FromCoinDesk Podcast Network

ratings:
Length:
12 minutes
Released:
Jan 29, 2021
Format:
Podcast episode

Description

The price action is fun, but the larger significance is about decentralized alternatives to today’s financial system. This episode is sponsored by Nexo.io.Last night, Tesla and SpaceX founder Elon Musk changed his Twitter profile to a single word: “bitcoin.” He also tweeted a cryptic message: “In Retrospect, It Was Inevitable.”The price of bitcoin surged in the wake of the tweet, as did Google searches for “bitcoin.” The price increases liquidated some $387 million in short positions. In this episode, NLW breaks down the market reaction to Musk, the significance of the tweet and why it all connects to the larger story of WallStreetBets, Robinhood and shifting financial power. -Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.-Image credit: Kevork Djansezian/Getty Images NewsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jan 29, 2021
Format:
Podcast episode

Titles in the series (100)

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