BREAKDOWN: Why Citi Thinks Bitcoin Is at a Tipping Point

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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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Launching in mid-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network.

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Image credit: Daniel Acker/Bloomberg/Getty Images

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