While traditional markets continue to flail, bitcoin (BTC) and crypto in general are showing surprising resilience and attracting new audiences.
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The economic outlook is grim. The jobless claims keep piling up and even the most intransigent states are shutting down business. There isn’t – yet – a realistic plan – for returning to any sort of economic normalcy.
Yet, in this bleak view, there are a handful of crypto indicators that suggest for cautious optimism. In this episode, @NLW discusses:
- The crypto community’s volatility resilience
- A significant uptick in Stablecoin issuance
- Proof that bitcoiners have been buying the dip
- Evidence that new audiences are finding their way to bitcoin (and perhaps with a sound money narrative in mind)
- Binance’s acquisition of CMC and the power of M&A signals
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https://www.coindesk.com/5-reasons-for-cautious-optimism-in-crypto
