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Opinion

The World Is Never Getting Off Government Stimulus

The Breakdown weekly recap looks at bitcoin buying by Iran, JPM Coin and the latest round of lockdowns coming to Europe.

By Nathaniel Whittemore
AccessTimeIconOct 31, 2020 at 1:00 p.m. UTC
Updated Sep 14, 2021 at 10:26 a.m. UTC
AccessTimeIconOct 31, 2020 at 1:00 p.m. UTCUpdated Sep 14, 2021 at 10:26 a.m. UTC
Breakdown 10.31
AccessTimeIconOct 31, 2020 at 1:00 p.m. UTCUpdated Sep 14, 2021 at 10:26 a.m. UTC

The Breakdown weekly recap looks at bitcoin buying by Iran, JPM Coin and the latest round of lockdowns coming to Europe.

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This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

On this week’s weekly recap, NLW looks at:

  • Bitcoin’s resilience in the face of a week where many investors went risk off, causing a drop in stocks and gold
  • JPMorgan’s dramatic three-year attitude shift around bitcoin and crypto 
  • Iran stockpiling bitcoin to be able to pay for imports
  • A new round of COVID-19 lockdowns and the stimulus that will follow

This week on The Breakdown:

See also: Iran Amends Law to Allow Imports to Be Funded With Cryptocurrency

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