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Here Comes the Most Bizarre Bull Market Yet

Social unrest on the one hand, “Degen Finance” on the other. Strap in for a very weird bull run.

CoinDesk Insights
Aug 15, 2020 at 2:00 p.m. UTC
Updated Sep 14, 2021 at 9:44 a.m. UTC

Social unrest on the one hand, “Degen Finance” on the other. Strap in for a very weird bull run.

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.

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

On this edition of The Breakdown’s Weekly Recap, NLW looks at the strange melange of realities interacting in the new emerging bull market. 

On the one hand, bitcoin has found narrative relevance and technical importance in a world of social unrest and increased state involvement in economies and citizens’ lives.

On the other, insane financial engineering experiments are seeing three-quarters of a billion dollars in value locked up within hours before a bug sees it all go away. 

In the middle, agents of chaos like new bitcoiner (and LINK-holder) Dave Portnoy. 

This is going to get weirder before it gets more normal.

This week on The Breakdown:

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.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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