NerdWallet's Smart Money Podcast
Crypto Makes Another Comeback: What's Different This Time?
Mar 13, 2024
The podcast delves into the recent resurgence of cryptocurrency, particularly Bitcoin, discussing factors like blockchain reward halving and spot Bitcoin ETFs. They explore the controversies surrounding cryptocurrency, its use as an alternative investment, and the environmental impact of mining. Topics include bitcoin ETFs, digital currencies, crypto investing, volatility, and DeFi, shedding light on the divisive nature of the market.
11:43
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Quick takeaways
- Bitcoin's resurgence attributed to upcoming blockchain reward halving and approval of Bitcoin ETFs.
- Cryptocurrencies popular for diversification and as a hedge against traditional systems despite mining controversies.
Deep dives
Bitcoin's Roller Coaster Ride: From Hype to Recovery
Bitcoin, once a craze that saw celebrities endorsing it and Sam Bankman Freed becoming a billionaire, faced a major crash as the Federal Reserve upped interest rates. However, the cryptocurrency market saw Bitcoin's price surging again, hitting an all-time high of over $70,000. This comeback was attributed to factors such as upcoming blockchain reward halving and the approval of Bitcoin ETFs, providing stability and optimism in the crypto market.
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