BREAKDOWN: Sorry, Bloomberg: Here Are 6 Reasons Why 2020 Is a Great Year for Bitcoin
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 15 June 2020
⏱️ 30 minutes
🧾️ Download transcript
Summary
A Bloomberg senior editor today argued there were six reasons why 2020 was bad for bitcoin. Here’s the opposite case.
Today on the Brief:
- Stocks down on coronavirus fears
- Demand destruction
- The looming retirement crisis
This episode is sponsored by Bitstamp and Ciphertrace.
Our main theme:
Bitcoin is up more than 30% on the year. After a crash alongside equities, it has proved incredibly resilient. There are famous new entrants to the space like Paul Tudor Jones II.
So how can a Bloomberg editor argue the year has been bad for bitcoin?
In this response podcast, NLW argues that most of the arguments are about narrative, not the underlying fundamentals. He presents six reasons why not only has it not been a bad year, but the exact opposite is true:
- Demonstrated institutional uptake
- Demonstrated resilience
- New champions
- Narrative fundamentals
- Need in emerging markets
- End of economic orthodoxy
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 | Audible brings your wildest adventures to life, delivering heart-pounding thrills at the touch |
| 0:05.8 | of a button. |
| 0:07.0 | Take Richard Osmond's The Thursday Murder Club, where four retirees turned amateur sleuths |
| 0:11.8 | solve crimes in the most unexpected ways, brilliantly performed by Leslie Manville. |
| 0:17.1 | Ready to unleash your adventure aside, from pulse racing suspense to epic quests, from supernatural |
| 0:22.6 | chills to far-off romances, every story comes alive through world-class narration. |
| 0:28.5 | Explore exclusive audible originals, chart-topping new releases, and unforgettable bestsellers |
| 0:34.4 | that transport you from the very first word, because the next great |
| 0:38.2 | adventure is just a listener way. Start your free 30-day trial at audible.com slash |
| 0:43.9 | Wondery UK. That's audible.com slash Wondery UK. |
| 1:03.7 | Welcome back to the breakdowndown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW. |
| 1:07.1 | The Breakdown is distributed by CoinDesk. |
| 1:18.3 | Welcome back to The Breakdown. It is Monday, June 15th. And today's main topic is a rejoinder to a piece by Joe Wisenthal from Bloomberg this morning on six reasons why this had actually been a bad year for |
| 1:24.6 | Bitcoin. I saw this. I know Joe. I know that it was bait, and I'm still going to take it. |
| 1:30.4 | So that'll be our main topic as both a rejoinder to his points, but also six reasons why I think |
| 1:35.1 | this has actually been a very good year for Bitcoin. But before that, let's get into the brief. |
| 1:40.1 | First up on the brief, stocks are down on new coronavirus fears. We've seen numbers rising in a number |
| 1:47.0 | of southern states, in particular, Arkansas, Texas, Arizona, which has an extremely fast infection |
| 1:52.5 | rate right now. And because of that, stocks are getting nervous. If we saw even another partial |
| 1:58.4 | attempt at a shutdown, it could be just totally disastrous for the economy. |
| 2:02.5 | So the Dow is down 2%, 1,15 points. The S&P 500 is down 1.5%. Nasdaq is down 0.8%. |
| 2:10.9 | What's more volatility, which is kind of like Wall Street's fear monitor, is up. |
... |
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.