The Breakdown

Is bitcoin rogue state money? / The impact of Libra on central banks / Fed repo market injections continue


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News broke of Venezuela exploring whether they could use bitcoin and ether as reserve assets, prompting questions about what the potential impact of widescale adoption of bitcoin as a tool to evade sanctions might be. Libra continues to spur central banks to action. This week, the project saw some support from the UN while the ECB called it a 'wake up call' for governments. Finally, we look at the second week of Fed injections into the overnight repo markets and what it means for bitcoin. 

Watch: https://www.youtube.com/nathanielwhittemorecrypto

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The BreakdownBy Blockworks

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