Banks Need Bitcoin Now (More than Ever!) – Last Week Crypto

Published on May 1, 2021

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This is another episode of a weekly cryptocurrency news series called Last Week Crypto.

We cover the latest global news stories affecting the cryptocurrency markets March 14th through the 20th of 2021.


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======== VIDEO SUMMARY ========

This week we will discuss what the US government is up to, how there is a litany of downright bad “financial advice” floating around out there, how retail and institutional adoption, like in most previous episodes at this point, CONTINUES to grow, and more bullish news for the crypto space at large that never gets old week to week.

00:00 – Introduction
00:41 –
01:42 – Wednesday AMA
02:08 – Market Movements
02:30 – The Fed will not extend a pandemic-crisis rule
03:00 – U.S. Fed to let bank leverage exemption expire
04:26 – You need $6.5M in the bank today…
05:54 – A Fourth Stimulus Check Might Be on the Way
06:15 – Nowhere to Hide From Inflation
07:10 – The banks need Bitcoin more than we need the banks
07:57 – Biden may propose $1 trillion in new taxes
08:56 – If You’re Paying Rent Or Mortgage, STOP NOW
11:04 – The most widely used financial tool for crime is the dollar…
11:22 – IRS pushes filing deadline to May 17
11:57 – Name one thing more useless than the Fed…
12:33 – Fed easy monetary policy means…
13:40 – Suze Orman: ‘Do not spend’ and ‘don’t you dare’ invest your stimmy
16:52 – Alexis Ohanian on his biggest money mistake
17:47 – Not financial advice ETH
18:05 – Why Goldman Sachs says crypto is here to stay
18:18 – JPMorgan Is Eyeing Bitcoin
18:23 – Visa Anticipates Cryptocurrency Becoming ‘Extremely Mainstream’
18:31 – Coinbase valuation soars to $68 billion
18:37 – Bitcoin is now ‘too important to ignore’
18:42 – Bitcoin Is 3rd Largest World Currency
18:51 – Bitcoin adoption is ~1-2% of the world
18:58 – Supercycle may propel Bitcoin over $1 million
19:11 – We either all go broke or
19:17 – Outro


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