BREAKDOWN: How Strong Is Bitcoin’s Push Above $12,000?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 20 October 2020
⏱️ 16 minutes
🧾️ Download transcript
Summary
Who has the most recent bitcoin move right, the bulls or the bears?
This episode is sponsored by Crypto.com, Nexo.io and Elliptic.
Today on the Brief:
- DOJ files biggest antitrust case in two decades against Google
- Goldman Sachs’ 1MDB settlement
- LINE’s new CBDC platform
Our main discussion: bulls vs. bears as bitcoin passes $12K
Someone recently tweeted, “Bitcoin price has never been this high with such bearish sentiment.”
On this episode, NLW looks at the bullish case (growth in open interest on CME backed by strong macro narrative around stimulus) and bearish case ($12K sell wall and bleeding from alts and DeFi).
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Transcript
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| 0:49.7 | One of the things that we could be seeing right now is profits from alts, and especially |
| 0:56.0 | the D5 madness from over the summer, cycling back into the big Kahuna, into the reserve |
| 1:02.3 | asset of the entire crypto space. |
| 1:05.1 | All it takes is a little bit of a technical adjustment, plus a heaping dose of narrative to make |
| 1:10.0 | big things happen in an industry |
| 1:12.0 | that's still relatively small. |
| 1:14.9 | Welcome back to The Breakdown with me, NLW. |
| 1:19.1 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:24.9 | The breakdown is sponsored by crypto.com, nexo.io, an elliptic, and produced and distributed by |
| 1:31.4 | CoinDesk. |
| 1:33.0 | What's going on, guys? |
| 1:34.2 | It is Tuesday, October 20th, and today we are talking about how strong this Bitcoin push |
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