4.8 • 689 Ratings
🗓️ 25 November 2020
⏱️ 16 minutes
🧾️ Download transcript
This year, come prepared to explain the asset that has everyone from famous financiers to political dissidents talking about a money revolution.
This episode is sponsored by Crypto.com and Nexo.io.
Today’s Breakdown is a prep kit for the inevitable conversations about bitcoin as friends and family sit down at the Thanksgiving table this year.
NLW discusses arguments ranging from price action to who is buying to why they’re buying to good old-fashioned supply and demand. He leaves with one big conclusion:
If there was ever a year to discuss bitcoin, this is it.
And don’t forget to check out casebitcoin.com.
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0:00.0 | I think Bitcoin is actually a really great starting point for a lot of deeper conversations |
0:04.6 | about the future we're headed into, the world that we're leaving behind, and what we might |
0:09.1 | make of it all. So I would encourage you to not be scared of that, but to let it come. |
0:13.8 | Especially with the people we care most about, we might be a little bit better off. |
0:18.8 | Welcome back to The Breakdown with me, NLW. |
0:22.9 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
0:28.9 | The breakdown is sponsored by crypto.com and nexo.io and produced and distributed by CoinDes. |
0:36.2 | What's going on, guys? It is Wednesday, November 25th, and man, this week is the best week because it's full of |
0:44.4 | Thanksgiving family and joy and awesome numbers going up. |
0:49.5 | But it's also the roughest week because since I'm recording ahead, I'm so worried that I'm not going to be able |
0:55.1 | to capture the intensity and the excitement of Bitcoin hitting its new all-time high. |
1:00.0 | Maybe it'll happen before this and I'll be able to do a special supplement or something. |
1:04.2 | But anyways, I'm recording this on Tuesday for it to go out on Wednesday. |
1:08.7 | So forgive me if I've missed something huge or it sounds like that. |
1:12.0 | But regardless, I wanted to do a fun episode because Thanksgiving has some historical |
1:17.6 | analogy for us in this space. Last time we had the bull run up to Bitcoin's previous all-time |
1:25.8 | high, hopefully previous all-time high by the time you're |
1:28.0 | hearing this, Thanksgiving was a big moment. Bitcoin had been going up pretty significantly over |
1:34.3 | the course of the second half of 2017, but it was really those conversations with friends and |
1:40.0 | family at the Thanksgiving table that sent it rocketing to the moon. This year, I thought it would |
1:46.4 | be fun to give my take on the most bullish arguments for Bitcoin for your Thanksgiving table. |
1:54.7 | So what I'm going to do is I'm going to go through price, who's holding it, why they're holding it, |
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