Bitcoin Interest Grows In The Shadow Of $2 Trillion In Stimulus

Plus CFTC on delivery of digital assets and Telegram token blocked from distribution

Happy Wednesday Blockfolians

The Lede

More and more anecdotal evidence that the specter of money printer go brrr is driving people to want to learn more about bitcoin and crypto more broadly.

Image result for mnuchin money reported that transactions had doubled between December and February and that app downloads were hitting all time highs. Binance.US CEO Catherine Coley also said they were seeing “unprecedented trading volumes.” On a tweet about emergent bitcoiners, CoinDesk’s Chief Content Officer wrote:

Finally, Square’s Cash App is seeing it too. Said CFO Amrita Ahuja:

"Adoption and engagement of fractional equity investing in Bitcoin has accelerated in recent weeks given recent market interest and volatility.”

The world is a changin’ out there, folks.

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Highly Relevant Reading

Community Commentary

Like many in the crypto community, CoinShares CSO Meltem Demirors is not happy about the bailouts in the Stimulus package
Preston Pysh meanwhile highlights how powerfully resilient bitcoin’s difficulty adjustment system is

A Really Big Number We Should Be Paying Attention To


That’s the number of jobless claims Morgan Stanley is projecting we see announced tomorrow.

Final Thought

It turns out that a popsicle factory in Maine is one of the two places in the world that makes most of the wooden swabs for COVID-19 test kits.