BREAKDOWN: ICO 2.0 – How Will Big Bitcoin-Buying Institutions React to Inevitable Crypto Market Froth?

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4.7 • 698 Ratings

🗓️ 21 April 2021

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

A whiff of 2017 is in the air as TikTok investors and pump-and-dump private groups increase. This episode is sponsored by Nexo.io. The years 2017 and 2018 were some of the frothiest, wildest times in crypto market history. Their fallout also dragged the industry down for years, leaving an unmistakable stench of scam for many. Thus far in this market cycle, much of those excesses have been avoided. Attention and energy has largely been focused on the rise of institutional bitcoin players, or other areas like decentralized finance (DeFi) and non-fungible tokens (NFT) that, while some of the prices might be shocking, at least are full of good faith actors. On today’s “The Breakdown,” NLW looks at some of the more concerning recent trends that have the stench of 2017 all over them. Can we avoid another cycle where “alt season” games drag down everything else? Part of the answer to that may lie in how bitcoin’s new institutional buyers react to the froth. - Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io. - Join thousands of newsmakers and influencers talking the future of money at Consensus 2021, a live virtual experience from CoinDesk. (Use discount code "BREAKDOWN" to save $25!) - Image credit: welcomia/iStock/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

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0:43.9	Wondery, UK. That's audible.com slash Wondery UK.
0:49.5	But at least, right, at least perhaps we've learned our lessons from the last time around.
0:54.7	You know, the lesson of having the industry totally dragged down by this shit for three years,
0:59.5	as regulators went one by one after everything and outsiders didn't mess around here
1:03.1	because of the reputational suicide we committed?
1:05.6	You would think, wouldn't you?
1:08.7	Welcome back to The Breakdown with me, NLW.
1:12.8	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:19.7	The breakdown is sponsored by nexo.io and produced and distributed by CoinDes.
1:26.3	What's going on, guys? It is Wednesday, April 21st, and today we are asking the question
1:31.8	of how all of these new Bitcoin buying institutions might react to what seems like some
1:37.8	inevitable crypto market froth. So there have been three things happening over the last few
1:43.8	weeks that one might find
	...

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