BREAKDOWN: $50K BTC in 2021? Bloomberg Analysts Join the 'Traditional Onslaught' Driving Bitcoin's Rally

BREAKDOWN: $50K BTC in 2021? Bloomberg Analysts Join the 'Traditional Onslaught' Driving Bitcoin's Rally

A new crypto outlook from Bloomberg suggests BTC could reach $50,000 in 2021, topping off a month of major institutional momentum for the asset. This episode is sponsored by Crypto.com, Nexo.io and this week's special product launch, Allnodes. On this edition of the weekly recap, NLW looks at the consolidating narrative of a bitcoin rally that is: Being driven by institutional investors Shifting the center of the industry from East Asia to North America Winning converts from major research houses and institutions Driving the price of bitcoin to new all-time highs This week on The Breakdown: Monday | Bitcoin Hits a New All-Time High: What Happens Next? Tuesday | Why a $631B Asset Manager Just Changed Its Mind on Bitcoin Wednesday | Josh Brown on Bitcoin’s ‘Respectability Rally’ and Why We’ll See Dow 100,000 in Our Lifetime Thursday | Why Stablecoins Are the First Battleground of the Coming Crypto Regulation Wars Friday | A ‘Santa Claus Rally’ for the Stock Market? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Strategy's Bitcoin Bet Is Now a $13B Paper Loss | CoinDesk Daily

Strategy's Bitcoin Bet Is Now a $13B Paper Loss | CoinDesk Daily

Strategy's $13B unrealized loss. Strategy is sitting on a $13 billion unrealized loss on its bitcoin holdings, with its STRC preferred stock down 25% from par. The company still has about 10 months o...

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Does the Clarity Act Have a Human Trafficking Blind Spot?

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Ethereum Is Facing A Critical Funding Gap, Says Ex-EF Member | Markets Outlook

Ethereum Is Facing A Critical Funding Gap, Says Ex-EF Member | Markets Outlook

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Kalshi Targets $40B Valuation, Doubling in One Round | CoinDesk Daily

Kalshi Targets $40B Valuation, Doubling in One Round | CoinDesk Daily

Kalshi seeks funding at $40B. Prediction-market platform Kalshi is raising fresh capital at a roughly $40 billion valuation, nearly double the $22 billion it hit just one round ago. CEO Tarek Mansour...

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Ethereum Foundation to Cut Budget by 40% and Slash 20% of Workforce | CoinDesk Daily

Ethereum Foundation to Cut Budget by 40% and Slash 20% of Workforce | CoinDesk Daily

The Ethereum Foundation announced a 40% budget cut after layoff news. The Ethereum Foundation will slash its budget by roughly 40% this year as part of a shift toward a leaner, endowment-style operat...

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Trump Signs Orders to Build a Quantum Computer | CoinDesk Daily

Trump Signs Orders to Build a Quantum Computer | CoinDesk Daily

The White House issues two executive orders on quantum computing. President Trump signed two executive orders directing the U.S. to build a large-scale quantum computer and to defend federal systems ...

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Why Billionaire CZ Says U.S. Crypto Users Are Getting a Bad Deal

Why Billionaire CZ Says U.S. Crypto Users Are Getting a Bad Deal

Changpeng Zhao, founder and former CEO of Binance, sits down with CoinDesk’s Jennifer Sanasie for one of his most candid conversations. CZ talks about growing up in an immigrant family, why he's never...

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