Why Crypto Sentiment and Prices Are Soaring: Puppets, Pundits, Partnerships

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 13 February 2020

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After Monday’s quick retrace, bitcoin and the rest of the market went green again. In this episode, @nlw breaks down the shifting sentiment, looking at: How a partnership between Hedara Hashgraph and Google Cloud pumped HBAR more than 50% - featuring commentary from Hedara CEO Mance Harmon Why Figure is launching a TV campaign to educate people about blockchain CNBC Fast Money actively (and convincingly) promoting the narrative of bitcoin as a safe haven asset.

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.
0:22.3	It is Wednesday, February 12th, and today we are looking at the return of bull sentiment
0:28.2	within the market.
0:30.0	Now, of course, over the weekend, we saw Bitcoin rise above 10,000, which is mostly
0:35.7	important as a psychological barrier. Milestones like 10,000 not only is mostly important as a psychological barrier.
0:39.3	Milestones like 10,000 not only reaffirm people's participation in the industry, but they
0:44.6	also bring the attention from outsiders and people who are not as invested as we are in this
0:50.5	space.
0:51.6	But on Monday, we saw a quick retrace back under 10,000, and with it, a real
0:56.3	dreariness on crypto- Twitter. In fact, just about the only good thing that happened on Twitter
1:01.8	on Monday was that rage against the machine announced that they would be touring again.
1:06.3	Luckily, the crypto market seemed to have gotten the signal, and by Tuesday the bulls were on parade again.
1:13.5	So today we are going to be breaking down the shift in sentiment, looking at prices, partnerships,
1:21.5	puppets, and pundits.
1:23.5	One of my favorite Bitcoin tweets of all time comes from the infamous Mr. Hoddle, who says
1:29.6	none of you, expletive, would be here if number didn't go up.
1:33.3	Explative, which you heard, price matters.
1:36.3	This is from October of 2019.
1:38.3	I think about this all the time when we've had a period of low energy that is followed
1:43.8	by a period of high energy that is followed by a period of high energy
	...

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