BREAKDOWN: The Mounting Evidence of a New Bitcoin Bull Market
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 August 2020
⏱️ 12 minutes
🧾️ Download transcript
Summary
From positive price indicators to a new all time high in smallholder addresses, this is the evidence a new bull run might be starting.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
This week’s Breakdown Weekly Recap is all about that vibe you’ve been feeling - that inescapable notion a new crypto bull market is afoot.
NLW looks at the evidence:
- Rising gold price
- Recirculation of crypto money out of zombie protocols
- New growth in small holder addresses
- Demand from emerging market p2p markets
It’s just possible this new bull market isn’t just starting to be seen in narratives, but is also showing up in numbers.
This week on The Breakdown:
Monday | Rage Against the Economic Machine: The Best of the Breakdown July 2020
Tuesday | Can Social Media Be Redeemed? Feat. Bobby Goodlatte
Wednesday |Hedgeye CEO Keith McCullough on Stagflation, Bitcoin and the Devalued Dollar
Thursday | The History, Present and Future of Central Banks, Feat. George Selgin
Friday | 11 Numbers That Tell the Story of the Economy Right Now
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Transcript
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| 0:53.8 | Welcome back to The Breakdown with me, NLW. |
| 0:58.0 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:05.0 | The breakdown is sponsored by crypto.com, BitStamp, and nexo.io, and produced and distributed by CoinDesk. |
| 1:14.6 | What's going on, guys? It is Saturday, August 8th, and that means it's time for the |
| 1:19.6 | Breakdown Weekly Recap. This week's episode is pretty simple, man. It is about that bull market |
| 1:27.0 | vibe that you are feeling. I want to reflect |
| 1:30.1 | just briefly on what's driving it, what evidence there is, and what might happen next. First of all, |
| 1:37.0 | evidence for this, there's obviously a price to mention. We saw Bitcoin get up over 12 briefly before |
| 1:43.7 | having a dump, but it still had this great week |
| 1:47.4 | of around 11,700 for a couple days. |
| 1:50.6 | Admittedly, I am recording this on Thursday, so I'm not sure what happened on Friday and |
| 1:54.8 | Saturday morning, but it's still a really good, solid look, and it feels like something |
... |
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