What the Stock Market's 'Robinhood Rally' Means for Bitcoin

The largest 50-day "Robinhood" rally in stock market history and even stocks of bankrupt companies are up more than 100%. What is going on?

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This episode is sponsored by Bitstamp and Ciphertrace.

Today on the Brief:

• Saudi Arabia injects $13 billion in bank liquidity via blockchain.
• China’s state TV CCTV says Binance is still allowing crypto trading in China.
• MakerDAO community greenlights real world collateral.

Our main topic: The “Robinhood Revolution.”

The next time someone tells you crypto markets are too irrational or volatile, point them to stock markets right now.

• The largest 50-day rally in history
• Every S&P 500 stock up from 10 weeks ago
• Multiple bankrupt companies up more than 100% since they declared bankruptcy

See also: The Shadow of Satoshi's Ghost: Why Bitcoin Mythology Matters

This is the “Robinhood Revolution,” as a horde of day traders are outperforming billionaire investors and commanding the stock market narrative.
This episode looks at:

• Who is this new generation of investors
• Why they’re so active right now
• What they’re betting will go up
• Why they don’t care about earnings, balance sheets or any other fundamentals
• Four scenarios for how this rally could have an impact on the bitcoin and crypto industry

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.