Why $20,000 Bitcoin Matters

<p><span style="font-weight: 400;">After weeks of flirting with all-time highs, bitcoin has broken through the most significant psychological barrier: $20,000. </span></p> <p><span style="font-weight: 400;">In today’s episode of The Breakdown, NLW looks at why the moment is so significant, arguing:</span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Bitcoin is an incentive design system where price drives more benefits than financial gain </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The validation of retail traders and more recent institutional investors creates an even stronger group of evangelists </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">The psychological price barrier is likely to increase FOMO among those on the sidelines</span></li> </ul> <div data-pm-slice="0 0 []" data-en-clipboard="true">The Breakdown is produced and distributed by <a href="http://coindesk.com/" rel="noopener noreferrer" rev= "en_rl_none"><u>CoinDesk.com</u></a></div> <div> </div> <div>Follow on Twitter:</div> <div>NLW: <a href="https://twitter.com/nlw" rev= "en_rl_none">https://twitter.com/nlw</a></div> <div>Breakdown: <a href="https://twitter.com/BreakdownNLW" rev= "en_rl_none">https://twitter.com/BreakdownNLW</a></div>