Why Citi Thinks Bitcoin Is at a Tipping Point
Today on the Brief: Michael Saylor bought the dip China bans bitcoin mining in Inner Mongolia WallStreetBets moving off Reddit? Our main discussion: Citi’s analysis of bitcoin. February saw a non-stop barrage of bullish bitcoin news...
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Show Notes
Today on the Brief:
- Michael Saylor bought the dip
- China bans bitcoin mining in Inner Mongolia
- WallStreetBets moving off Reddit?
Our main discussion: Citi’s analysis of bitcoin.
February saw a non-stop barrage of bullish bitcoin news with regard to institutional uptake. March is off to a similar start with a massive research report arguing that:
- Bitcoin’s evolution over the last seven years has been spectacular
- CBDCs are likely to become more important
- If CBDCs do become more important, it could spur more corporations to use bitcoin as a global settlement currency
NLW argues that the report itself may be the beginning of a new, important part of the institutional bitcoin narrative.
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