Why $20,000 Bitcoin Matters
After weeks of flirting with all-time highs, bitcoin has broken through the most significant psychological barrier: $20,000. In today’s episode of The Breakdown, NLW looks at why the moment is so significant, arguing: Bitcoin is an incentive...
December 16, 202013m 2s
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Show Notes
After weeks of flirting with all-time highs, bitcoin has broken through the most significant psychological barrier: $20,000.
In today’s episode of The Breakdown, NLW looks at why the moment is so significant, arguing:
- Bitcoin is an incentive design system where price drives more benefits than financial gain
- The validation of retail traders and more recent institutional investors creates an even stronger group of evangelists
- The psychological price barrier is likely to increase FOMO among those on the sidelines