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5 Reasons for Cautious Optimism in Crypto
While traditional markets continue to flail, bitcoin and crypto are showing surprising resilience and attracting new audiences.
Updated Sep 14, 2021, 8:25 a.m. Published Apr 2, 2020, 7:02 p.m.
While traditional markets continue to flail, bitcoin and crypto in general are showing surprising resilience and attracting new audiences.
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The economic outlook is grim. The jobless claims keep piling up and even the most intransigent states are shutting down business. There isn’t - yet - a realistic plan - for returning to any sort of economic normalcy.
Yet, in this bleak view, there are a handful of crypto indicators that suggest for cautious optimism. In this episode, @NLW discusses:
- The crypto community’s volatility resilience
- A significant uptick in Stablecoin issuance
- Proof that bitcoiners have been buying the dip
- Evidence that new audiences are finding their way to bitcoin (and perhaps with a sound money narrative in mind)
- Binance’s acquisition of CMC and the power of M&A signals
See also: Cronyism, Zombie Companies and the True Cost of the Coronavirus, Feat. Morgan Creek's Mark Yusko
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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