BREAKDOWN: Can Bitcoin Just Keep Going Up?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 7 January 2021
⏱️ 16 minutes
🧾️ Download transcript
Summary
With bitcoin (briefly) passing $40,000 for the first time, the question becomes: Can it keep going or is a reset necessary?
This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.
Today on the Brief:
- U.S. President Trump signs order banning Chinese apps
- Initial jobless claims hold steady at 787,000
- Elon Musk becomes the world’s richest person
Our main discussion: Can bitcoin just keep going up?
In this episode, NLW breaks down:
- What’s driving the rally, including the growth of institutional buyers, burgeoning retail FOMO, Asian markets and more
- Why some indicators are pointing towards a trader move into altcoins
- Why, despite the rapid growth, bitcoin remains undervalued
-
Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.
-
A new era of innovation on Bitcoin has begun. Stacks 2.0 enables secure apps and smart contracts on Bitcoin, unlocking new use cases and value while laying the foundation for a user-owned internet. https://stacks.co.
Image credit: Vertigo3d/iStock via Getty Images Plus
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | A short thread from Raul Paul, he writes, |
| 0:03.3 | Well, everyone seems to celebrate every single new Bitcoin high. Let me remind you of where |
| 0:08.2 | we're going. Nothing is a law of nature, but the log regression trend since inception |
| 0:12.7 | makes sense to me contextually. I think the risk is people undershoot in their price targets. |
| 0:19.6 | Welcome back to The Breakdown with me, NLW. |
| 0:23.7 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:29.8 | The breakdown is sponsored by nexor.io and stacks2.com and produced and distributed by CoinDesk. |
| 0:37.3 | What's going on, guys? It is Thursday, January 7th, and today, my goodness, we're talking Bitcoin. |
| 0:46.0 | We're asking the question that I think everyone is asking, can Bitcoin just keep going up? |
| 0:52.7 | First, however, let's do the brief. And I am going to keep the brief |
| 0:56.5 | brief today because, my goodness, as Melton put it, Bitcoin has no chill. First on the brief, |
| 1:02.8 | new bans on Chinese apps. I've been tracking the ongoing tension between the U.S. and China, |
| 1:08.4 | and on Tuesday, President Trump signed an executive order |
| 1:11.2 | banning the Alipay payment platform and seven other apps. Apparently, U.S. officials are also |
| 1:16.8 | considering banning U.S. citizens from investing in Alibaba and Tencent. There is also within |
| 1:23.4 | China tension happening right now between the government and major companies. The IPO of |
| 1:29.3 | Ant Group was suspended by Chinese regulators, and Jack Ma has barely been heard from since then. |
| 1:35.7 | It is seen widely as an issue relating to China's forthcoming CBDC, and this is just going to |
| 1:41.6 | get more interesting. Next on the brief, let's check back in with jobless claims. |
| 1:47.1 | They are holding almost exactly the same as last week at 787,000, holding at about 4x pre-pandemic |
| 1:54.7 | levels. |
| 1:55.6 | Even as this vaccine rolls out, there continues to be extremely uneven recovery, which could have some major |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.