A 108-page report from Citi argues that in the future, bitcoin could become the preferred currency for international trade.
This episode is sponsored by Nexo.io and Casper.
Download this episode
Today on the Brief:
- Michael Saylor bought the dip
- China bans bitcoin mining in Inner Mongolia
- WallStreetBets moving off Reddit?
Our main discussion: Citi’s analysis of bitcoin
February saw a non-stop barrage of bullish bitcoin news with regard to institutional uptake. March is off to a similar start with a massive research report arguing that:
- Bitcoin’s evolution over the last seven years has been spectacular
- CBDCs are likely to become more important
- If CBDCs do become more important, it could spur more corporations to use bitcoin as a global settlement currency
NLW argues that the report itself may be the beginning of a new, important part of the institutional bitcoin narrative.
Image credit: Daniel Acker/Bloomberg/Getty Images