Why Citi Thinks Bitcoin Is at a Tipping Point

A 108-page report from the bank argues that in the future, bitcoin could become the preferred currency for international trade.

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A 108-page report from Citi argues that in the future, bitcoin could become the preferred currency for international trade.

This episode is sponsored by Nexo.io and Casper.

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Today on the Brief:

Michael Saylor bought the dip
China bans bitcoin mining in Inner Mongolia
WallStreetBets moving off Reddit?

Our main discussion: Citi’s analysis of bitcoin

February saw a non-stop barrage of bullish bitcoin news with regard to institutional uptake. March is off to a similar start with a massive research report arguing that:

Bitcoin’s evolution over the last seven years has been spectacular
CBDCs are likely to become more important
If CBDCs do become more important, it could spur more corporations to use bitcoin as a global settlement currency

NLW argues that the report itself may be the beginning of a new, important part of the institutional bitcoin narrative.

Image credit: Daniel Acker/Bloomberg/Getty Images

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.