Traders Shifting to Tether and BTC Are Voting Against the U.S.

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 9 April 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s “Long Reads Sunday,” NLW reads: USDC Boasted Transparency but It Didn't Help When Silicon Valley Bank Got Into Trouble - J.P. Koning Happy 48th Birthday, Satoshi Nakamoto - George Kaloudis 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 and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	In the wake of one of the most tumultuous years in crypto history, the conversations happening at
0:05.1	Consensus 2023 have never been more timely and important. This April, CoinDesk is bringing
0:10.1	together all sides of the crypto, blockchain, and Web3 community to find solutions to crypto's
0:14.6	thornyest challenges, and finally deliver on the technology's transformative potential.
0:19.1	Join developers, investors, founders, brands, policymakers, and more in Austin, Texas, April 26th to 28th for Consensus 2023.
0:26.7	Listeners of the breakdown can take 15% off registration with code breakdown.
0:31.2	Register now at consensus.coindus.com and join CoinDesk at Consensus 2023.
0:43.5	Thank you. and join CoinDESC at Consensus 2023. Welcome back to The Breakdown with me, NLW.
0:47.7	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:53.7	The breakdown is produced and
0:55.1	distributed by CoinDes. What's going on, guys? It is Sunday, April 9th, and that means
1:02.7	it's time for Long Read Sunday. Before we get into that, however, if you are enjoying the breakdown,
1:07.2	please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link of the show
1:15.0	notes or go to bit.ly slash breakdown pod. All right, friends, happy Sunday, happy Easter to those
1:20.9	of you who celebrate. Today, we are talking King Bitcoin for this special Longreed Sunday.
1:30.4	And one of the interesting things about Bitcoin this year and its resurgence in 2023 is that the banking crisis has referred people
1:36.9	back to Bitcoin in more than one way. Certainly there has been a narrative around this being
1:42.8	what Bitcoin was built for that goes
1:44.7	all the way back to the Genesis block and the famous inscription in that block, Chancellor on
1:49.6	the brink of a second bailout for banks. Mainstream media has picked up on the notion that
1:54.2	this might be attracting people to Bitcoin as they see banks failing around them, and they
1:58.7	have new questions or restored questions around
	...

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