Validation. Psychology. FOMO. NLW looks at why today’s price achievement marks a turning point in bitcoin’s history.
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This episode is sponsored by Crypto.com and Nexo.io.
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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
See also: Bitcoin Hits Record Above $20K as Analysts Remain Confident of Future
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.
