This Bitcoin Dip Was Not Caused by FUD
Today on the Brief: Home sales up, home supply down Biden’s first test on the stimulus Euro pessimism Our main discussion: Why the bitcoin dip wasn’t caused by FUD. Anyone paying attention this week had reasons for frenetic worry....
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Show Notes
Today on the Brief:
- Home sales up, home supply down
- Biden’s first test on the stimulus
- Euro pessimism
Our main discussion: Why the bitcoin dip wasn’t caused by FUD.
Anyone paying attention this week had reasons for frenetic worry. Janet Yellen’s comments on criminal activity. Persistent questions around Tether. A non-story about a double-spend that got amplified by mainstream media.
In this episode, NLW argues that none of these actually explains the dip. Instead, he argues, they were used by sophisticated traders to amplify the dip’s impact.
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