Share this article

Why Money Is Losing Its Meaning, Feat. Jared Dillian

As government work to stimulate economies on lockdown, even "normies" are starting question limitless money printing.

Updated Sep 14, 2021, 8:30 a.m. Published Apr 17, 2020, 7:00 p.m.
Breakdown4.17

As governments unleash trillions in fiat currency on the planet to stimulate economies on lockdown, even "normies" are starting to question limitless money printing.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

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.

Bitcoiners are particularly sensitive to Federal Reserve intervention in markets, but the degree to which the Fed is willing to print money to backstop basically all risk is drawing the attention of even normal market participants.

See also: The Questions We're Not Allowed to Ask, Feat. Hidden Forces' Demetri Kofinas

On this episode of The Breakdown, NLW is joined by Jared Dillian, market analyst, contrarian and editor of The Daily Dirt Nap. They discuss:

  • What "safe haven" means for money in today’s climate
  • How Jared became a bitcoin believer after being a skeptic
  • Why in an MMT world, taxation policy will be driven by ideology, not practicality
  • Why money is losing its meaning

See also: Bitcoin Maximalism, Entrepreneurs and COVID-19 in Zimbabwe

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.

More For You

KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

16:9 Image

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

More For You

Here are the winners and losers (so far) in bitcoin mining from Nvidia's $2B CoreWeave investment

Racks of mining machines.

Nvidia’s deepened partnership with CoreWeave raises pressure on bitcoin miners pivoting to AI infrastructure.

What to know:

  • Shares of most bitcoin miners who have shifted business plans to AI infrastructure fell after Nvidia announced a fresh $2 billion investment in CoreWeave.
  • One analyst says Nvidia’s deepening partnership with CoreWeave could divert GPU access and funding away from independent miners trying to pivot into AI and high-performance computing.
  • Core Scientific, which CoreWeave attempted, but failed, to acquire in 2025, is the only miner posting gains on Monday.