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'Rising Bitcoin Adoption Tide': The Best of Bloomberg's Latest Bullish Bitcoin Report
A new Bloomberg report argues bitcoin is replacing gold more rapidly than expected.
Listen or watch all the new CoinDesk podcast episodes wherever you want.
ABOUT
A new Bloomberg report argues bitcoin is replacing gold more rapidly than expected.
This episode is sponsored by Nexo.io and this week’s special product launch, Exodus.
Today on the Brief:
- Coinbase’s monster Q1 numbers
- 150 million evaporate from the global middle class
- Jamie Dimon’s shareholder letter comments on crypto
Our main discussion: Bloomberg’s latest crypto outlook is out. In this episode, NLW looks at seven aspects of the report:
- Bitcoin as digital reserve asset in a low-yield world
- Price support at $50,000
- Price possibilities of $400,000 in 2021
- Gold replacement happening more quickly than anticipated
- Growth in publicly traded companies with crypto exposure
- Exchange outflows
- The supremacy of USD digital currencies
See also: For Bitcoin and Crypto, a Week of Mainstreaming Moments
Image credit: Vasil Dimitrov/iStock/Getty Images Plus
HOST
Nathaniel Whittemore
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.
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