BREAKDOWN: This Bitcoin Dip Was Not Caused by FUD

While there was plenty of FUD flying around, it wasn’t the real reason prices pulled back so significantly.

This episode is sponsored by Nexo.io.

Today on the Brief:

Home sales up, home supply downBiden’s first test on the stimulusEuro pessimism

Our main discussion: Why the bitcoin dip wasn’t caused by FUD.

Anyone paying attention this week had reasons for frenetic worry. Janet Yellen’s comments on criminal activity. Persistent questions around Tether. A non-story about a double-spend that got amplified by mainstream media. 

In this episode, NLW argues that none of these actually explains the dip. Instead, he argues, they were used by sophisticated traders to amplify the dip’s impact.

-

Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

-

Image credit: Nuthawut Somsuk/Getty Images Plus

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.