BREAKDOWN: Why Fiats Are Failing in 2020

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October 23, 2020 • 14 mins

From Brazil to Argentina to Turkey, bitcoin priced in local currencies is reaching all time highs. But is this a story of bitcoin succeeding, fiat failing or both? This episode is sponsored by Crypto.com, Nexo.io and Elliptic. Today on the Brief: DOJ crypto enforcement a “disaster” for privacy Ant’s blockchain tools pre-IPO Better news around jobless claims Our main discussion: fiat failures, 2020 edition. In this episode, NLW looks at a raft of geographies in which bitcoin has recently reached all-time highs, priced in the local currency. The story, he says, is about fiats floundering more than mispriced local bitcoin. twitter.com/alistairmilne/status/1319170878765211648 Special focus on economic happenings in Brazil, Argentina and Turkey. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}BREAKDOWN: Why Fiats Are Failing in 2020