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CoinDesk Podcast Network

BREAKDOWN: Bitcoin Hits $15,000 – Here Comes the FOMO

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 5 November 2020

⏱️ 11 minutes

🧾️ Download transcript

Summary

Bitcoin Twitter interprets today’s massive price action.

This episode is sponsored by Crypto.com and Nexo.io.

As the U.S. election picture starts to become more clear, bitcoin has smashed through $15,000 – its highest price since 2017’s record-breaking run. Alongside the price action has come a wave of mainstream media coverage. 

In this special he-was-supposed-to-be-on-vacation episode, NLW breaks down Twitter’s response and shares interpretations, including:

  • “Quietest bull run ever”
  • Stimulus on the way
  • Halving bull redemption
  • Death of the nation-state 
  • Start of a reflexive cycle
  • It feels real

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Transcript

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0:45.6

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0:49.4

Pay attention to how media is paying attention to this. That's the reflexive cycle that will either

0:55.9

drive this thing like crazy or have it cool off a little bit. Right now, it seems to me like

1:01.6

we are just at the beginning of a cycle where these prices mean a lot more eyes are going to be

1:06.8

coming over on into this space. Welcome back to The Breakdown with me, NLW.

1:14.3

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

1:20.4

The breakdown is sponsored by crypto.com and nexo.io and produced and distributed by CoinDes.

1:28.0

What's going on, guys? It is Thursday, November 5th, and you may realize that I have said all

1:34.6

week that I was not going to be recording during the week. I'm up in the White Mountains

1:39.9

in New Hampshire for an anniversary, but something happened. Bitcoin has hit 15,000. In fact,

1:47.8

it has smashed through it. It's currently at $15,196 at the time of recording. And this is the

1:55.6

type of thing that I think is worth pulling out that spare portable microphone that I brought

2:00.3

for just such an occasion.

...

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