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The Breakdown

The Breakdown Weekly Recap | March 14 2020

The Breakdown

Blockworks

Investing, Business

4.8806 Ratings

🗓️ 14 March 2020

⏱️ 201 minutes

🧾️ Download transcript

Summary

The entire week's shows in one convenient file: Monday | What the Market Crash Means for Bitcoin, Feat. Delphi's Kevin Kelly Tuesday | Crypto Fundraising and the Nothing-Is-Safe Haven Wednesday | Ben Hunt on the Clash of Narratives in the Age of Coronavirus Thursday | 6 Good Reasons for Bitcoiners to Keep Calm and HODL On Friday | What Happens When Currencies Fail? Featuring Preston Pysh

Transcript

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0:00.0

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

0:15.0

The Breakdown is distributed by CoinDesk.

0:20.0

Welcome back to The Breakdown.

0:21.9

It is Saturday 314, March 14th.

0:25.8

And today, as every Saturday, we are doing our weekly recap all of the previous week's

0:33.0

episodes in one long form piece.

0:36.9

And man, what a week it was. This is honestly, guys, a week that

0:42.4

will go down in history, not just in the crypto industry, not just in the world of finance,

0:47.4

but in just history, right? This is an epical time that started with a president denying that this was any worse than the flu and ended with a national emergency.

1:00.9

Multiple sports league shut down.

1:03.3

Areas of cities completely quarantined in the U.S.

1:06.4

And everyone wondering what happens next.

1:09.8

Not to mention the biggest single-day market fall since

1:13.2

1987, 40% dips in the Bitcoin price in a single day. I mean, this is just wild historic times.

1:23.6

As you might expect, the podcast this week has been all about those historic times.

1:29.1

On Monday, we had Delphi Digital's Kevin Kelly try to come explain what the recent market crash meant for Bitcoin

1:36.3

and talking about how the equities markets were actually only one part of the overall ecosystem

1:42.6

that we needed to be paying attention to. On Tuesday, we

1:46.0

got into the latest discussion of the Bitcoin as a safe haven asset. And the point that most

1:52.2

people were making, which would be validated later in the week, was that in the type of crisis

1:57.4

we were seeing, when companies need to stay solvent, nothing is a safe haven

2:03.0

other than cash and approximations of cash like treasury bills. And that is absolutely what we saw

...

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