BREAKDOWN: The World Is Never Getting Off Government Stimulus
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 31 October 2020
⏱️ 12 minutes
🧾️ Download transcript
Summary
The Breakdown weekly recap looks at bitcoin buying by Iran, JPM Coin and the latest round of lockdowns coming to Europe.
This episode is sponsored by Crypto.com, Nexo.io and Elliptic.
On this week’s weekly recap, NLW looks at:
- Bitcoin’s resilience in the face of a week where many investors went risk off, causing a drop in stocks and gold
- JPMorgan’s dramatic three-year attitude shift around bitcoin and crypto
- Iran stockpiling bitcoin to be able to pay for imports
- A new round of COVID-19 lockdowns and the stimulus that will follow
This week on The Breakdown:
Monday | Hedge Funds Failures, Bankruptcies and Pandemic Fatigue
Tuesday | JPMorgan Launches JPM Coin: Welcome to the Private Currency Era
Wednesday | The ‘Everything Crash’ Is Coming? Markets Go Risk-Off as European Stocks See Worst Day in 5 Months
Thursday | Mirage Recovery: What ‘Record’ GDP Growth Tells Us About the Economy
Friday | Why Satoshi Chose Halloween to Release the Bitcoin White Paper
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Transcript
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| 0:45.6 | That's audible.com slash Wondery UK. |
| 0:53.8 | Welcome back to The Breakdown with me, NLW. |
| 0:58.7 | 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, nexo.io, and elliptic, and produced and distributed by CoinDesk. |
| 1:12.6 | What's going on, guys? It is Saturday, October 31st. Happy Halloween. Happy end of October. |
| 1:19.3 | Happy Sam Wayne. Happy transition into the holiday season. Today we're going to be talking about why the world is literally never getting off government |
| 1:27.5 | stimulus. |
| 1:28.4 | But first, let's go through a few other things that happened on this weekly recap. |
| 1:33.8 | First of all, let's start with the fact that Bitcoin has been extremely bullish this week. |
| 1:38.5 | We punched through 13K on the day the news of PayPal happened. |
| 1:42.2 | And then in the early part of this week on Wednesday, |
| 1:45.4 | markets everywhere went risk off because, one, COVID was rising, two, lockdowns were brewing, |
... |
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