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Opinion

5 Reasons for Cautious Optimism in Crypto

While traditional markets continue to flail, bitcoin and crypto are showing surprising resilience and attracting new audiences.

By Nathaniel Whittemore
AccessTimeIconApr 2, 2020 at 7:02 p.m. UTC
Updated Sep 14, 2021 at 8:25 a.m. UTC
AccessTimeIconApr 2, 2020 at 7:02 p.m. UTCUpdated Sep 14, 2021 at 8:25 a.m. UTC
Breakdown4.2-2

AccessTimeIconApr 2, 2020 at 7:02 p.m. UTCUpdated Sep 14, 2021 at 8:25 a.m. UTC

While traditional markets continue to flail, bitcoin (BTC) and crypto in general are showing surprising resilience and attracting new audiences.

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The economic outlook is grim. The jobless claims keep piling up and even the most intransigent states are shutting down business. There isn’t - yet - a realistic plan - for returning to any sort of economic normalcy. 

Yet, in this bleak view, there are a handful of crypto indicators that suggest for cautious optimism. In this episode, @NLW discusses:

  • The crypto community’s volatility resilience 
  • A significant uptick in Stablecoin issuance 
  • Proof that bitcoiners have been buying the dip 
  • Evidence that new audiences are finding their way to bitcoin (and perhaps with a sound money narrative in mind) 
  • Binance’s acquisition of CMC and the power of M&A signals

See also: Cronyism, Zombie Companies and the True Cost of the Coronavirus, Feat. Morgan Creek's Mark Yusko

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, IHeartRadio or RSS.

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