BREAKDOWN: Is Bitcoin a Safe Haven or 'Schmuck Insurance'?

BREAKDOWN: Is Bitcoin a Safe Haven or 'Schmuck Insurance'?

Bitcoin is having a terrible, horrible, no good very bad day. Many are using the dump - which from a timing perspective aligns with a broader market selloff among Coronavirus fears - as a way to diminish the “bitcoin as a safe haven” narrative. In this episode, @nlw revisits that narrative and argues that it is uncomfortably bunched up with the uncorrelated asset narrative, or, as Chamath Palihapitiya calls it “schmuck insurance.” This episode also covers: Central bank digital currency (CBDC) news: Canada says it doesn’t see the need right now but that could change if private cryptos get more traction, while China’s work on a digital yuan is paused due to Coronavirus shutdowns. The six year anniversary of Mt. Gox’s lost 750,000 BTC coming to light. 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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Episoder(4089)

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