BREAKDOWN: 'Rising Bitcoin Adoption Tide' – The Best of Bloomberg's Latest Bullish Bitcoin Report

A new Bloomberg report argues bitcoin is replacing gold more rapidly than expected.
This episode is sponsored by Nexo.io and this week’s special product launch, Exodus.
Today on the Brief:

Coinbase’s monster Q1 numbers

150 million evaporate from the global middle class

Jamie Dimon’s shareholder letter comments on crypto

Our main discussion: Bloomberg’s latest crypto outlook is out. In this episode, NLW looks at seven aspects of the report:

Bitcoin as digital reserve asset in a low-yield world

Price support at $50,000

Price possibilities of $400,000 in 2021

Gold replacement happening more quickly than anticipated

Growth in publicly traded companies with crypto exposure 

Exchange outflows

The supremacy of USD digital currencies 

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