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Bitcoin News Roundup for May 8, 2020

Bitcoin bumps against six figures while a cancelled crypto event draws legal ire. It's CoinDesk's Markets Daily podcast.

Updated Dec 11, 2022, 7:50 p.m. Published May 8, 2020, 4:00 p.m.
MD FEB 27 RELEASE

Bitcoin bumps against six figures while a cancelled crypto event draws legal ire. It's CoinDesk's Markets Daily podcast.

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This episode is sponsored by ErisXThe Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.

For early access before our regular noon Eastern time releases, subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

Today's stories:

Coinstar Plans Massive Expansion of Coinme Bitcoin ATMs as Usage Spikes

One of Bitcoin's Earliest Miners Is Dedicating $66M in Crypto to a Fund of Funds

First Mover: Search Interest in Bitcoin's Halving Reaches Fever Pitch as Price Hits $10K

'Massive Adoption' Conference Organizer Sued After Refund Delays

Andy Serkis' Hobbitathon

For early access before our regular noon Eastern time releases, subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

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Forget $80k: Michael Terpin warns bitcoin could revisit the $40,000s before a real recovery

Transform Ventures CEO Michael Terpin at Consensus Hong Kong 2026 (CoinDesk)

Terpin argued that bitcoin’s post-halving bubble followed its typical arc and says history suggests the market may still face another wave of pain.

Lo que debes saber:

  • Michael Terpin says the bull market peak came in the fourth quarter after the halving, in line with prior cycles.
  • While dismissing $80,000 and $60,000 bottom calls as premature, he sees the potential for bitcoin to revisit the $50,000s or even $40,000s in a fragile market.