1. EachPod

BREAKDOWN: Why Bitcoin Investors Aren’t Worried About This Price Pullback

Author
CoinDesk
Published
Tue 08 Sep 2020
Episode Link
None

Critiques of correlation between bitcoin and equities miss the fact that bitcoin adoption within traditional markets has been driven by a fiat collapse concern.
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today on the Brief:

Stock market continues its descent

Insider stock selling reached five-year high in August

President Trump promises more aggressive decoupling from China

Our main discussion: Investors and the BTC price dip.
Over the last several weeks, bitcoin has pulled back from $12,400 to around $10,000. This dip has happened alongside a broader retracement in equities, led by falling tech stocks. 
While some have levied correlation to equities as a failure of bitcoin, NLW argues this critique misunderstands the narrative that has driven accumulation from new holders over the last six months.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Share to: