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?
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.
See also: Inflation Is the Cruelest Tax
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