Why Citi Thinks Bitcoin Is at a Tipping Point

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By Nathaniel Whittemore. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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.

-- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW The Breakdown is produced and distributed by CoinDesk.com

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