A new Bloomberg report argues bitcoin is replacing gold more rapidly than expected.This episode is sponsored by Nexo.io and this week’s special product launch, Exodus.Today on the Brief:Coinbase’s monster Q1 numbers150 million evaporate from the global middle classJamie Dimon’s shareholder letter comments on cryptoOur main discussion: Bloomberg’s latest crypto outlook is out. In this episode, NLW looks at seven aspects of the report:Bitcoin as digital reserve asset in a low-yield worldPrice support at $50,000Price possibilities of $400,000 in 2021Gold replacement happening more quickly than anticipatedGrowth in publicly traded companies with crypto exposure Exchange outflowsThe supremacy of USD digital currencies -Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io.-Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.-Image credit: Vasil Dimitrov/iStock/Getty Images PlusSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.