21 min listen
How Real Is Bitcoin’s Rally? 8 Interpretations of the $11k Surge
FromThe Breakdown
ratings:
Length:
25 minutes
Released:
Jul 29, 2020
Format:
Podcast episode
Description
It was a beautiful Monday. Bitcoin crashed through $10,000 and got all the way up to a new yearly high of about $11,000 before retracing slightly. As with any dramatic price action, people were quick to start giving their interpretations of why it happened. In this episode, NLW explains eight of those interpretations, including: Banks stacking due to changes in custody rules Money printer go brrr Stock to flow model Robinhood traders piling in DeFi gain recycling Buyers exceeding sellers “Perfect storm” Dollar crash, negative real interest rates and the search for a new reserve currency Ultimately, NLW argues that it is this last factor driving up not only bitcoin but gold and silver.
Released:
Jul 29, 2020
Format:
Podcast episode
Titles in the series (100)
Crypto Daily 3@3 - 7.15 | Long Reads Sunday #55 Top 5: Every Sunday, I put together a list of the top tweets, threads and essays shaping the crypto conversation. On Monday, I countdown my five favorites with BlockTV. Monday's Crypto Daily is the audio recording version. For those who want to... by The Breakdown