Why Fiats Are Failing in 2020

From Brazil to Argentina to Turkey, bitcoin priced in local currencies is reaching all time highs. But is this a story of bitcoin succeeding, fiat failing or both?

Oct 23, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 10:23 a.m. UTC
Oct 23, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 10:23 a.m. UTC

From Brazil to Argentina to Turkey, bitcoin priced in local currencies is reaching all time highs. But is this a story of bitcoin succeeding, fiat failing or both?

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This episode is sponsored by Crypto.comNexo.io and Elliptic.

Today on the Brief:

  • DOJ crypto enforcement a “disaster” for privacy
  • Ant’s blockchain tools pre-IPO
  • Better news around jobless claims 

Our main discussion: fiat failures, 2020 edition.

In this episode, NLW looks at a raft of geographies in which bitcoin has recently reached all-time highs, priced in the local currency. The story, he says, is about fiats floundering more than mispriced local bitcoin.

Special focus on economic happenings in Brazil, Argentina and Turkey.

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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