21 min listen
What the Stock Market’s ‘Robinhood Rally’ Means for Bitcoin
FromThe Breakdown
ratings:
Length:
32 minutes
Released:
Jun 10, 2020
Format:
Podcast episode
Description
Today on the Brief: Saudi Arabia injects $13 billion in bank liquidity via blockchain. China’s state TV CCTV says Binance is still allowing crypto trading in China. MakerDAO community greenlights real world collateral. Our main topic: The “Robinhood Revolution.” The next time someone tells you crypto markets are too irrational or volatile, point them to stock markets right now. The largest 50-day rally in history Every S&P 500 stock up from 10 weeks ago Multiple bankrupt companies up more than 100% since they declared bankruptcy This is the “Robinhood Revolution,” as a horde of day traders are outperforming billionaire investors and commanding the stock market narrative. This episode looks at: Who is this new generation of investors Why they’re so active right now What they’re betting will go up Why they don’t care about earnings, balance sheets or any other fundamentals Four scenarios for how this rally could have an impact on the bitcoin and crypto industry
Released:
Jun 10, 2020
Format:
Podcast episode
Titles in the series (100)
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