Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Bitcoin Soars on China President Xi's Blockchain Comments

Bitcoin Soars on China President Xi's Blockchain Comments

FromThe Breakdown


Bitcoin Soars on China President Xi's Blockchain Comments

FromThe Breakdown

ratings:
Length:
16 minutes
Released:
Oct 26, 2019
Format:
Podcast episode

Description

On Wednesday, Zuckerberg responded to the largely hostile US Congress by reminding them that, if the US didn't proactively assert leadership around digital currencies, then China would be more than willing to fill the gap. As if they coordinated it, China's President Xi then made his first formal comments ever about blockchain, asserting that China needed to take a leadership role. Bitcoin soared 15% (although whether related or not isn't clear) and crypto Twitter debated: was this an indication of how far behind the US is getting; an affirmation that blockchain can be a tool of surveillance and control; or both?  Watch: https://www.youtube.com/channel/UCMKxYhVC2lJat7iB9Gec5kw/videos 
Released:
Oct 26, 2019
Format:
Podcast episode

Titles in the series (100)

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of The Breakdown Network.