BREAKDOWN: Did This Bitcoin Cycle’s FUD Phase Just Begin?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 11 January 2021
⏱️ 17 minutes
🧾️ Download transcript
Summary
As the price crashes more than 20% in 24 hours, NLW describes the “wall of worry” around regulation that might characterize this cycle’s FUD.
This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.
Today on the brief:
- Trump ejected from social media
- Bakkt confirms plans to go public via SPAC
- NYDIG buys Digital Assets Data
Our main discussion: Are we at the beginning of a new FUD cycle?
In this episode, NLW looks at:
- What happened with bitcoin’s big price crash
- How the crypto community is reacting to the dip
- New regulatory FUD out of the U.K.
- Why regulatory issues are likely to be this bull market’s “wall of worry”
-
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: Nathan Stirk/Getty Images News
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 | HSBC will no longer process crypto payments and payouts. |
| 0:05.1 | And this is exactly what it sounds like. |
| 0:06.5 | If you have a digital wallet, HSBC will not allow you to cash out. |
| 0:10.3 | I think it's a good reminder of how inconvenient major financial institutions could make |
| 0:15.9 | interacting with this ecosystem. |
| 0:18.1 | It's also yet another reminder for the importance of payment rails that |
| 0:22.2 | aren't politicized. Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, |
| 0:31.4 | Bitcoin, and the big picture power shifts remaking our world. The breakdown is sponsored by nexor.io |
| 0:37.3 | and stacks2.com and produced and distributed by |
| 0:40.3 | CoinDesk. What's going on, guys? It is Monday, January 11th, and today we are asking the all-important |
| 0:49.3 | question, did this cycle's Bitcoin fud phase just begin? First up, however, let's do the brief. |
| 0:56.8 | First on the brief today is the forceful removal of Trump from social media. To be clear, |
| 1:03.8 | before I even get into this at all, this deserves an entire show of its own, if not multiple, |
| 1:09.7 | and I will likely do one. I just didn't really have the |
| 1:12.2 | time to give it what it deserves in my estimation. If you are on Twitter, this was all anyone |
| 1:17.6 | was discussing this weekend. So just briefly, at the end of last week, President Trump was |
| 1:22.8 | ejected from both Twitter and Facebook, Stripe, stop processing payments, many corporations |
| 1:27.3 | stopped donations to Republicans who were supporting the rejection of voting results. All of from both Twitter and Facebook, Stripe stopped processing payments, many corporations stopped |
| 1:27.7 | donations to Republicans who were supporting the rejection of voting results. All of this happened |
| 1:32.2 | very quickly. Now some obviously were like, let's move over to Parlor, one of these alternatives |
| 1:37.4 | to Twitter. In fact, Parlor was theoretically where much of the capital stuff was coordinated, |
| 1:42.5 | but Parlor effectively was just wiped off the map. |
... |
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.