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Equity

How many lives does bitcoin have?

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 23 June 2021

⏱️ 24 minutes

🧾️ Download transcript

Summary

For this week’s deep dive Danny, Alex, and a bunch of the TechCrunch crew took on the recent happenings in the world of bitcoin. In a break from our regular format, we recorded live from a Twitter Space -- it's like a Clubhouse, but closer to where your social network is -- so the audio quality is not going to be Utterly Perfect. But we think the conversation will more than make up for it! Before we get into the show notes, do not forget that we're recording Equity live on Hopin Thursday the 24th. Come hang with us and have some fun. It's free, of course, and should be a good time. Details here, sign up here! So what did we get into? A lot! Recent price changes to the value of major coins The impact of China on the larger crypto ecosystem What's the latest from the NFT craze? Are DAOs, you know, actually a thing? And more. A big thanks to Romain Dillet and Lucas Matney for hanging with us, Drew Olanoff for hosting, and Chris Gates for snagging the audio and making it all work. See you tomorrow! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody. It's Alex. I have fantastic news get excited raise your banners find the horse we're going live

0:08.4

Equity is gonna come to you live on Thursday that's June 24th at 2 PM Pacific, 5 PM Eastern, and if I have done the math correctly,

0:16.4

I believe 9 PM GMT.

0:18.6

If you want to come, the easiest way to find the Hopin link aside from the post we did and today's show post is the pinned

0:25.6

tweet over on Equity pod on Twitter. So Twitter.com slash Equity pod right there at the top,

0:31.8

hit the link, be a cool kid, and if enough of you come, maybe we can make

0:35.6

t-shirts at last. But if you don't come, then we can't and we'll all cry. Hey, this is Equity's Wednesday episode. Today we are focused on all things Bitcoin,

0:54.1

but instead of us all jumping on the same Zoom

0:56.2

to record this locally,

0:57.3

we just something a little bit different this week.

0:59.0

Danny and I joined a Twitter space

1:01.6

and dragged in a number of our tech-wrench colleagues to drop in and

1:04.3

chat all things crypto. So if you are curious why Bitcoin is down, what's going on with

1:08.4

China? Are NFT still a thing and what really is a dow, we got you covered.

1:13.0

Enjoy.

1:14.0

All right, crazy last week, Danny.

1:15.0

Can you just give us a couple of general notes about what we've seen as to why we're here?

1:20.0

Well, I mean, it's been what, the sell off of the century, or at least the last six weeks.

1:24.5

So Bitcoin going down from 64,000, all the way past the $30,000 barrier, the lowest since last year, essentially.

1:32.1

So my $60 of Bitcoin is now worth, I think about $32.

1:35.0

I mean now it's down to the price of like one sandwich in Manhattan, which is pretty

1:40.3

because of... Exactly. You can't even get the Y-GU option anymore.

...

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