One Way Ratchet

5 Things | Highlights from the Bitcoin Conference | Bitcoin-Backed Loans | Olympic Clown Show | 060

Episode Summary

The biggest stories in Bitcoin this week

Episode Notes

Dan and Greg break down the 5 things you need to know this week:

• BTC: Update from the Bitcoin Conference
  • Trump headline speaker
  • Calls for US national Bitcoin reserve 
  • Maturation of Bitcoin as an asset accelerating
• BTC: Introduction of Bitcoin-backed loans
  • Massive upgrade to current lending
  • Will dramatically increase institutional demand
• Only Tradeoffs: as Bitcoin matures, large entities will acquire a ton of Bitcoin.  Its already happening.  There are 2 sides to this coin,
• Clown World.  Abject insanity at the Olympics
• Looking Ahead: pay attention to the Democrats and any signs of warming toward Bitcoin and crypto as election issue