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.
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