Why $20,000 Bitcoin Matters

Validation. Psychology. FOMO. NLW looks at why today’s price achievement marks a turning point in bitcoin’s history.

AccessTimeIconDec 16, 2020 at 4:05 p.m. UTC
Updated Aug 19, 2021 at 6:09 a.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Validation. Psychology. FOMO. NLW looks at why today’s price achievement marks a turning point in bitcoin’s history. 

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • This episode is sponsored by Crypto.com and Nexo.io.

    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 

    For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.