BREAKDOWN: Worried About Bitcoin's Price Action? Here's Why You Shouldn't Be
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 26 March 2021
⏱️ 14 minutes
🧾️ Download transcript
Summary
Although the bitcoin price has been wavering since March 13, there are historical, technical and foundational reasons to be optimistic.
This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, Exodus.
Today on “The Breakdown,” NLW digs into bitcoin and crypto markets. He argues that despite two weeks of sideways-down price action, there are a set of reasons to be optimistic:
- Historically bad March months versus historically good Aprils
- Retracements and pullbacks in 2017
- Analysis around options expiry in 2021
- The continuation and expansion of the macro inflation narrative
- Institutions applying for bitcoin ETFs
- Coins leaving exchanges
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Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.
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Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com.
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Transcript
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| 0:43.9 | Wondery, UK. That's audible.com slash Wondery UK. The point of all of this is that whether |
| 0:51.5 | your view is historical, technical, or fundamental, |
| 0:54.5 | it all points in only one direction. |
| 0:57.3 | This bull market is still just getting started. |
| 1:02.0 | Welcome back to The Breakdown with me, NLW. |
| 1:06.1 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:11.9 | The breakdown is sponsored by nexo.io, Casper, and Exodus, and produced and distributed by |
| 1:17.3 | CoinDesk. |
| 1:19.5 | What's going on, guys? |
| 1:20.8 | It is Friday, March 26th, and today we are going to talk a little bit of price action. |
| 1:26.9 | Specifically, if you're worried about Bitcoin's price action over the last two weeks, |
| 1:32.3 | here's why you shouldn't be. |
| 1:34.9 | So the last few weeks have been, for some, on crypto Twitter, Bitcoin Twitter, relatively rough. |
... |
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