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Crypto Asset Strategies

Crypto Monitor: Bitcoin Becomes a Flight to Safety

Crypto Monitor: Bitcoin Becomes a Flight to Safety
By Early Investing
Date August 16, 2019
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Summary

Today’s Crypto Monitor features rapid-fire coverage of three big topics. (Incredibly, Andy Gordon and Vin Narayanan manage to beat the timer at least once.)

China. The country has introduced its own digital currency. This has been a long time coming. China’s digital economy is massive, and it’s contributed a lot to bitcoin’s growth. Andy discusses how the new currency will impact the rest of the crypto market.

Litecoin. The crypto had its halving earlier this month. Its price had been steadily climbing since January, though it saw no impressive price jumps after the halving. But then it suffered a “dusting attack.” Andy explains what a dusting attack is and Vin discusses how hackers are evolving.

Bitcoin. The crypto has moved from being a hedge against the fiat economy to a full-on flight to safety. Vin and Andy discuss why this is a big deal for bitcoin.

If you’re interested in a particular topic, we’ve listed the time code on the right so you can skip directly to it in the video.

  • China introduces its own cryptocurrency (1:29)
  • Litecoin halves, endures dusting attack (7:02)
  • Bitcoin becomes a flight to safety (11:23)

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If you have an idea, question or comment for the next biweekly installment of Crypto Monitor, get in touch with us here: mailbag@earlyinvesting.com.

And, as always, thanks for watching.

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