BREAKDOWN: Super Tuesday Special: What Us Election Outcome Is Best for Bitcoin?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 3 March 2020
⏱️ 25 minutes
🧾️ Download transcript
Summary
Today is Super Tuesday - the biggest day of the US primary election season. Increasingly, prediction markets and pollsters suggest it’s a two person race between Joe Biden and Bernie Sanders (although Mike Bloomberg has insisted he’s staying in).
In this episode, NLW breaks down each candidate in the context of their positions vis a vis cryptocurrency, as well as looking at the possible role of three other fallen contenders in the rest of the campaign.
As Bernie leads the Twitter poll, the question arises: do people think Bernie will be good for bitcoin because he shares the same values of prioritizing the little guy over big banks, or because they think his programs will demand so much QE it will send bitcoin to the moon?
Listen and find out.
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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. |
| 0:20.3 | Welcome back to The Breakdown. It is Tuesday, March 3rd, and that means it is Super Tuesday. |
| 0:27.0 | For those of you who are not in the U.S. or just not following U.S. politics, Super Tuesday |
| 0:30.8 | is one of the most important days on the election primary schedule, the primaries being, |
| 0:36.1 | of course, the way that the parties nominate their |
| 0:38.1 | candidate for the presidency. In America, we've had a major shake-up over the last 72 hours or so. |
| 0:44.6 | It had looked like a runaway train for Bernie Sanders, with maybe a little bit of a road bump |
| 0:52.0 | in Mike Bloomberg, but on Saturday night, Joe Biden scored a huge victory in |
| 0:58.0 | South Carolina. It was so big, in fact, that two of his opponents, Amy Klobuchar and Pete Buttigieg, |
| 1:05.1 | both other contenders for the moderate opposition to the very progressive, the very left, Bernie |
| 1:10.8 | Sanders, |
| 1:11.6 | dropped out of the race and threw their weight behind Biden. |
| 1:15.0 | So where we stand now in terms of the Democratic race is that there are two progressive |
| 1:19.0 | and two moderate candidates left. There's Biden and Bloomberg who are the moderates, |
| 1:23.4 | and there are Sanders and Warren, Elizabeth Warren, who are the progressives. |
| 1:27.6 | Right now, to look at polls and to look at prediction markets, it is a two-horse race |
| 1:32.0 | between Biden as the moderate standard bearer and Sanders as the progressive stalwart. |
| 1:36.7 | And really, in some ways, the question is whether anyone will be able to stop Sanders. |
| 1:40.8 | That seems to be the whole thrust of this momentum shift and everyone throwing their weight behind |
| 1:45.7 | Biden. It's not that all of a sudden everyone is excited about Biden. It's that there is a feeling of |
| 1:50.5 | imperative to consolidate around a single contender, a single moderate contender to combat |
... |
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