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
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