10 min listen
BREAKDOWN: 'I Am Not a Cat' – The GameStop Hearing Shows How Desperately a New Financial System Is Needed
BREAKDOWN: 'I Am Not a Cat' – The GameStop Hearing Shows How Desperately a New Financial System Is Needed
ratings:
Length:
23 minutes
Released:
Feb 20, 2021
Format:
Podcast episode
Description
What we learned from the congressional hearing featuring representatives from Reddit, Melvin Capital, Citadel Securities and Robinhood.This episode is sponsored by Nexo.io.This week, instead of our normal Weekly Recap, NLW digs into Thursday’s congressional hearings around GameStop, Robinhood and WallStreetBets. He explores: Why there was a significant focus on T+2 settlement Bipartisan agreement on retail investors getting screwed, but different diagnoses on how to addressWhy Keith Gill, aka Roaring Kitty, aka DeepF***ingValue is a new American folk heroUltimately, NLW argues that any congressional action needs to make it easier for retail investors to be full participants in the market, rather than further limiting their options.This week on The Breakdown:Monday | The Mainstream Media Narrative Shifts as Deutsche Bank and Morgan Stanley Come to BitcoinTuesday | Is $50,000 BTC the Beginning of a Bitcoin Supercycle?Wednesday | Coinbase Trades at a $77B Valuation as BTC Heads Towards a $1T Market CapThursday | How 2,000 Years of Monetary History Led Us to Bitcoin, Feat. Nik BhatiaFriday | Bitcoin Is Now a Trillion-Dollar Asset: Where Do We Go From Here?-Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.-Image credit: lucushoule/r/WallStreetBetsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Feb 20, 2021
Format:
Podcast episode
Titles in the series (100)
CryptoTitties by CoinDesk Podcast Network