BREAKDOWN: Why Fiats Are Failing in 2020
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 23 October 2020
⏱️ 15 minutes
🧾️ Download transcript
Summary
From Brazil to Argentina to Turkey, bitcoin priced in local currencies is reaching all time highs. But is this a story of bitcoin succeeding, fiat failing or both?
This episode is sponsored by Crypto.com, Nexo.io and Elliptic.
Today on the Brief:
- DOJ crypto enforcement a “disaster” for privacy
- Ant’s blockchain tools pre-IPO
- Better news around jobless claims
Our main discussion: fiat failures, 2020 edition.
In this episode, NLW looks at a raft of geographies in which bitcoin has recently reached all-time highs, priced in the local currency. The story, he says, is about fiats floundering more than mispriced local bitcoin.
twitter.com/alistairmilne/status/1319170878765211648
Special focus on economic happenings in Brazil, Argentina and Turkey.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. |
| 0:49.6 | Bitcoin and other non-sovereign digital currencies are an incredible invention for the technologically |
| 0:55.8 | enfranchised to flee these local currency regimes. |
| 0:59.5 | And the point is that we shouldn't just be cheering Bitcoin's rise and fiat's fall. |
| 1:04.2 | We should be championing the companies and projects who are trying to make it easier for people |
| 1:09.1 | in these ecosystems to figure out how to opt out |
| 1:12.8 | and preserve some of their wealth. |
| 1:15.7 | Welcome back to The Breakdown with me, NLW. |
| 1:19.8 | It's a daily podcast on macro, Bitcoin, and the Big Picture Power Shifts remaking our world. |
| 1:26.0 | The breakdown is sponsored by Crypto.com, nexo.io, an elliptic, |
| 1:30.7 | and produced and distributed by CoinDes. What's going on, guys? It is Friday, October 23rd, |
| 1:37.7 | and today we are talking about fiat failures this year. First, however, let's do the brief. |
| 1:52.2 | First up on the brief today, the Department of Justice's crypto enforcement framework is a disaster for digital privacy. |
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