2020 Bitcoin Review with Matt Odell - WBD294
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 1 January 2021
⏱️ 190 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Wednesday, 30th December Company: Tales from the Crypt Role: Co-Host
2020 has been a defining year for Bitcoin, with the world reeling from a global pandemic, the necessity of hard money is more apparent than ever.
With the worst of the bear market behind us, 2020 looked to be a promising year for Bitcoin. However, in March with the coronavirus outbreak, markets went into freefall and Bitcoin was no exception, dropping over 40% in a day and hitting yearly lows of ~$4,000.
By the time of the halving on May 11th Bitcoin had recovered from this drop. With the increased scarcity and massive amounts of money printing, debasing fiat currencies and the increased threat of high inflation, institutional investors began moving into Bitcoin. With MicroStrategy, Square and MassMutual, amongst others, transferring part of their treasuries into Bitcoin.
While institutional interest in Bitcoin dominated the headlines in 2020, Bitcoin continues to be a powerful tool for freedom, for those who live under oppressive regimes. Notably in Belarus, where government workers are striking in protest against the rigged elections. The Human Rights Foundation have supported them by setting up the Belarus Solidarity Fund. They are using Bitcoin as a censorship-resistant way of getting money to those striking to supplement their lost wages.
To round off 2020, I talk to Matt Odell, co-host of Tales From the Crypt. We discuss everything in Bitcoin in 2020, from price action and institutional investment to government reaction to coronavirus and privacy.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | It's a grassroots movement and we're making real fucking progress like people are |
| 0:08.8 | starting to wake the fuck up and I that that's that's major That's a big fucking deal. |
| 0:15.0 | Hello there from Bedford. Happy New Year. I hope you're all well. Hope you aren't all nursing |
| 0:20.7 | hongovers. Welcome to the What Bitcoin did podcast, which is brought to you by The Mighty |
| 0:24.7 | Cracken, the best place to buy, sell and trade Bitcoin. I'm your host Peter McCormack, and we're going to kick off |
| 0:30.0 | the year with a banger. A couple of days ago I recorded with my buddy Matt O'Dell |
| 0:34.3 | where we reviewed everything that happened in 2020 so this is a great way to kick off the |
| 0:38.7 | year but before we get into the show I do have a message from my amazing show sponsors. |
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| 1:38.5 | place for online gaming and you know why it's because they accept Bitcoin. They are the front-shirt sponsor for Southampton. |
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