BREAKDOWN: Why Citi Thinks Bitcoin Is at a Tipping Point

A 108-page report from the bank argues that in the future, bitcoin could become the preferred currency for international trade. 
This episode is sponsored by Nexo.io and Casper.
Today on the Brief:

Michael Saylor bought the dip

China bans bitcoin mining in Inner Mongolia

WallStreetBets moving off Reddit? 

Our main discussion: Citi’s analysis of bitcoin. 
February saw a non-stop barrage of bullish bitcoin news with regard to institutional uptake. March is off to a similar start with a massive research report arguing that:

Bitcoin’s evolution over the last seven years has been spectacular 

CBDCs are likely to become more important

If CBDCs do become more important, it could spur more corporations to use bitcoin as a global settlement currency 

NLW argues that the report itself may be the beginning of a new, important part of the institutional bitcoin narrative. 
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