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 numbers150 million evaporate from the global middle classJamie 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 worldPrice support at $50,000Price possibilities of $400,000 in 2021Gold replacement happening more quickly than anticipatedGrowth in publicly traded companies with crypto exposure Exchange outflowsThe supremacy of USD digital currencies 

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