The Breakdown weekly recap looks at bitcoin buying by Iran, JPM Coin and the latest round of lockdowns coming to Europe. 

This episode is sponsored by Crypto.com, Nexo.io and Elliptic.

On this week’s weekly recap, NLW looks at:

• Bitcoin’s resilience in the face of a week where many investors went risk off, causing a drop in stocks and gold
• JPMorgan’s dramatic three-year attitude shift around bitcoin and crypto 
• Iran stockpiling bitcoin to be able to pay for imports
• A new round of COVID-19 lockdowns and the stimulus that will follow

This week on The Breakdown:

Monday | Hedge Funds Failures, Bankruptcies and Pandemic Fatigue

Tuesday | JPMorgan Launches JPM Coin: Welcome to the Private Currency Era

Wednesday | The ‘Everything Crash’ Is Coming? Markets Go Risk-Off as European Stocks See Worst Day in 5 Months

Thursday | Mirage Recovery: What ‘Record’ GDP Growth Tells Us About the Economy

Friday | Why Satoshi Chose Halloween to Release the Bitcoin White Paper

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