Welcome back to The Breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW.

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Welcome back to the breakdown.

It is Wednesday, February 26th.

And today we are going to be looking at first, the world of CBDCs.

Canada has run a test and come away unimpressed and has some interesting thoughts that

might reveal maybe what's in store for the future of central bank currencies.

We also got interesting news out of China that relates to how the coronavirus is impacting

their plans, which will bring us to our second topic, which is interpretations of the Bitcoin

price in the context of coronavirus. Bitcoin like everything is hemorrhaging right now. And does that

mean, and this is what we'll ask, that the safe haven asset narrative is dead. So that's second.

Third, we're going to be looking at the Mount Gox anniversary, the Goxiversary, basically,

of the insolvency of the first big exchange to dominate the Bitcoin world.

And we'll look back at the history and maybe a little bit about what it meant and point you to

some cool resources for those who want to dig in a little bit more.

So with that, let's actually dive right into our first topic, CBDCs.

Ever since the emergence of Libra last year, we've seen central banks from governments around the

world race to figure out what their strategy around digital currencies is going to be, right?

For a lot of them, that means forming research initiatives, some of them cross-border and

collaborating with other governments or international

institutions like the Bank for International Settlements. For some, it's a more aggressive

testing posture, right? You have Cambodia who's saying that they're going to test. And obviously,

...