Today on the Brief:
- Coinbase’s monster Q1 numbers
- 150 million evaporate from the global middle class
- Jamie Dimon’s shareholder letter comments on crypto
Our main discussion: Bloomberg’s latest crypto outlook is out. In this episode, NLW looks at seven aspects of the report:
- Bitcoin as digital reserve asset in a low-yield world
- Price support at $50,000
- Price possibilities of $400,000 in 2021
- Gold replacement happening more quickly than anticipated
- Growth in publicly traded companies with crypto exposure
- Exchange outflows
- The supremacy of USD digital currencies
