BREAKDOWN: 5 Reasons for Cautious Optimism in Crypto
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 2 April 2020
⏱️ 24 minutes
🧾️ Download transcript
Summary
The economic outlook is grim. The jobless claims keep piling up and even the most intransigent states are shutting down business. There isn’t - yet - a realistic plan - for returning to any sort of economic normalcy.
Yet in this bleak view, there are a handful of crypto indicators that suggest for cautious optimism. In this episode, @NLW discusses:
- The crypto community’s volatility resilience
- A significant uptick in Stablecoin issuance
- Proof that bitcoiners have been buying the dip
- Evidence that new audiences are finding their way to bitcoin (and perhaps with a sound money narrative in mind)
- Binance’s acquisition of CMC and the power of M&A signals
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Transcript
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| 1:03.7 | Welcome back to the breakdowndown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW. |
| 1:07.1 | The Breakdown is distributed by CoinDesk. |
| 1:16.0 | Welcome back to The Breakdown. It is Thursday, April 2nd, and today we are going to try to do something where we start with the bad and lead into the better, if not good. So today I want to |
| 1:24.4 | talk about jobless claims because that is the important news vis-a-vis |
| 1:28.0 | understanding the impact economically speaking of the coronavirus crisis in America. |
| 1:33.9 | And then I want to segue, though, into something that is more homegrown crypto-related. |
| 1:38.3 | So I want to look at five positive indicators for crypto going forward that look at the last few weeks and look at what |
| 1:45.9 | might happen over the next quarter and try to have a slightly more buoyant picture. |
| 1:50.7 | Now, I don't want to be, as I've said, a number of times on this podcast, Pollyannish, about |
| 1:55.4 | just how serious everything is, which is why I want to start with these jobless claims. |
| 1:59.2 | But I do think that in all the gloom and misery, there are some interesting indicators in the crypto industry specifically |
| 2:05.2 | that should give us some cause for optimism. So let's talk about jobless claims first, and then let's |
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