After weeks of flirting with all-time highs, bitcoin has broken through the most significant psychological barrier: $20,000. In today’s episode of The Breakdown, NLW looks at why the moment is so significant, arguing: Bitcoin is an incentive design system where price drives more benefits than financial gain The validation of retail traders and more recent institutional investors creates an even stronger group of evangelists The psychological price barrier is likely to increase FOMO amon...
After weeks of flirting with all-time highs, bitcoin has broken through the most significant psychological barrier: $20,000.
In today’s episode of The Breakdown, NLW looks at why the moment is so significant, arguing:
- Bitcoin is an incentive design system where price drives more benefits than financial gain
- The validation of retail traders and more recent institutional investors creates an even stronger group of evangelists
- The psychological price barrier is likely to increase FOMO among those on the sidelines
The Breakdown is produced and distributed by CoinDesk.com Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW
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