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BREAKDOWN: Bitcoin, Stablecoins, DeFi and Privacy: How COVID-19 Is Changing Key Crypto Narratives

CoinDesk Podcast Network

CoinDesk

Daily News, Business News, Tech News, News

4.7698 Ratings

🗓️ 30 March 2020

⏱️ 22 minutes

🧾️ Download transcript

Summary

On January 28th, Bloomberg’s Joe Weisenthal tweeted “Notable overlap on here between the most alarmist people tweeting about the virus and those who are obsessed with the size of the Fed balance sheet.”  There is no doubt that the bitcoin and crypto community broadly were far earlier in recognizing the potential significance of the Covid-19 crisis than most professional communities. Today , America preps for at least another month of lockdown and social distancing. The markets continue their chaotic swing as investors are simply unable to price in such a once in a lifetime event.  A question for the crypto community becomes: how is this impacting narratives about our own industry?  In this episode, @NLW looks at the impact of the Covid-19 crisis on narratives around: Bitcoin Stablecoins Digital Dollars and Central Bank Digital Currencies DeFi  Privacy See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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.

1:17.5

Welcome back to The Breakdown. It is Monday, March 30th, and today we are discussing narratives.

1:23.9

It's hard to believe that we are really less than a month into the widespread acknowledgement of the coronavirus crisis. And so fast already, so much has changed. And I thought it'd

1:29.8

be interesting in this context as we prepare to expand the duration of the social distancing period

1:37.4

for at least another month through April to actually ask how much this crisis is changing the

1:43.9

narrative of some key aspects of crypto.

1:47.0

I'm going to start with Bitcoin, and then we're going to look at stablecoins,

1:51.0

defy, cash slash digital dollars, or central bank digital currencies, and finally, privacy.

1:58.0

All right, so first up is Bitcoin. And obviously, Bitcoin as the biggest asset in the

2:03.9

crypto space, the asset that everything is really built around, has the highest stakes in some

2:08.9

ways from a narrative perspective. And we've seen this play out in some pretty interesting

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