[BeyondCC Daily Update] - 22 March 2020
This week on Let's Talk Bitcoin we're discussing the coming bailout-everything regime in a topic that's both extremely timely but is also what originally forced many long-term bitcoin enthusiasts to learn about money and become interested in cryptocurrency in the first place.As This Crisis Worsens, Bitcoin Will Become a Safe Haven Again
The week of March 9 was a ride regardless of what market you trade and invest in. Markets spiking up, markets spiking down, longs taking drawdowns, shorts getting stopped out on intraday bounces. While investor sentiment across markets was negative, there was also a sense of confusion as “there was nowhere to hide” in terms of assets. Interestingly, I’ve yet to speak with anyone who made a “real killing” in that week’s trading. The ones who fared best are the ones who moved out of assets and into USD/hard currency and now have many options as to where to vest that capital.4 Reasons Central Banks Should Launch Retail Digital Currencies
Before coronavirus hit the west in late February, the world’s attention was focused on billionaires saving the world in Davos. This year saving the world involved three things: 1. artificial intelligence, 2. climate change, and 3. central bank digital currencies (CBDC). After the virus hit, we realized how dangerous banknotes could be and CBDC became an even hotter topic.