BREAKDOWN: Puppets, Pundits and Partnerships: Why Crypto Sentiment and Prices Are Soaring
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 12 February 2020
⏱️ 19 minutes
🧾️ Download transcript
Summary
With blockchain puppets (we really mean it) on TV, CNBC pushing the bitcoin-as-gold narrative and The Guardian seeing connections between coronavirus and bitcoin's recent rally, we've got a lot to talk about on today's episode of The Breakdown.
After Monday’s quick retrace, bitcoin and the rest of the market went green again. In this episode, @nlw breaks down the shifting sentiment, looking at:
- How a partnership between Hedara Hashgraph and Google Cloud pumped HBAR more than 50% - featuring commentary from Hedara CEO Mance Harmon
- Why Figure is launching a TV campaign to educate people about blockchain
- CNBC Fast Money actively (and convincingly) promoting the narrative of bitcoin as a safe haven asset.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW. |
| 0:15.0 | The Breakdown is distributed by CoinDesk. |
| 0:20.0 | Welcome back to The Breakdown. |
| 0:22.3 | It is Wednesday, February 12th, and today we are looking at the return of bull sentiment |
| 0:28.2 | within the market. |
| 0:30.0 | Now, of course, over the weekend, we saw Bitcoin rise above 10,000, which is mostly |
| 0:35.7 | important as a psychological barrier. Milestones like 10,000 not only is mostly important as a psychological barrier. |
| 0:39.3 | Milestones like 10,000 not only reaffirm people's participation in the industry, but they |
| 0:44.6 | also bring the attention from outsiders and people who are not as invested as we are in this |
| 0:50.5 | space. |
| 0:51.6 | But on Monday, we saw a quick retrace back under 10,000, and with it, a real |
| 0:56.3 | dreariness on crypto- Twitter. In fact, just about the only good thing that happened on Twitter |
| 1:01.8 | on Monday was that rage against the machine announced that they would be touring again. |
| 1:06.3 | Luckily, the crypto market seemed to have gotten the signal, and by Tuesday the bulls were on parade again. |
| 1:13.5 | So today we are going to be breaking down the shift in sentiment, looking at prices, partnerships, |
| 1:21.5 | puppets, and pundits. |
| 1:23.5 | One of my favorite Bitcoin tweets of all time comes from the infamous Mr. Hoddle, who says |
| 1:29.6 | none of you, expletive, would be here if number didn't go up. |
| 1:33.3 | Explative, which you heard, price matters. |
| 1:36.3 | This is from October of 2019. |
| 1:38.3 | I think about this all the time when we've had a period of low energy that is followed |
| 1:43.8 | by a period of high energy that is followed by a period of high energy |
... |
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