Did Bitcoin Just Become Legal Tender in Switzerland?

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 5 March 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, Arculus, FTX US and Cointelli. On this edition of the “Weekly Recap,” NLW checks in on the state of key bitcoin, crypto and economic narratives, from bitcoin’s institutional bid to bitcoin as legal tender to inflation as transitory. - Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31. - Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Cointelli makes accurately reporting your crypto taxes easy. Built by CPAs and crypto experts, Cointelli supports hundreds of platforms and produces tax reports you can count on in just a few clicks. And all for just $49! See what Cointelli can do for you at cointelli.com. - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Obligated” by Daniele Musto. Image credit: Marc Bruxelle/iStock/Getty Images Plus, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.0	The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Saturday, March 5th, and that means it's time for the weekly recap.
0:28.8	However, before we dive into that conversation, if you were enjoying the breakdown,
0:33.3	please go subscribe to it, give it five stars, give it a rating, or if you want to dive deeper
0:37.9	into the conversation, come join the Breakers Discord. There is obviously a lot to discuss
0:43.5	in the world right now, crypto and beyond, and we'd love to have you. You can find a link to
0:48.4	the Breakers Discord in the show notes or go to bit.ly slash breakdown pod. Also, a disclosure as always, in addition to them being a
0:56.4	sponsor of the show, I also work with FTX. Finally, one special sponsor this week, just in time for
1:05.0	tax time, is CoinTellie. CoinTellie is here to make crypto tax reporting stress-free for both individuals and
1:12.0	accountants.
1:13.0	Designed by CPAs, Cointeli supports hundreds of crypto platforms and provides accurate
1:17.9	calculations so you don't pay any extra on your taxes.
1:21.3	Cointelli also charges no added fees for up to 100,000 transactions and offers 24-7
1:27.0	customer support from tax advisors.
1:29.4	Check them out at cointeli.com. That's coin t-E-L-I.com. Thanks to CoinTeli for joining as a sponsor
1:36.9	of the breakdown this week. So what we're going to do for this weekly recap is go through a whole
1:42.9	slew of key Bitcoin crypto and economic narratives and see where they stand.
1:49.4	And we're going to start with the Bitcoin as institutional narrative.
1:54.3	Unless you are just joining us for the first time in the last couple years, you'll be pretty well acquainted with this.
2:00.3	This was the narrative that
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