Bitcoin, Lightning, EOS June 1st, DeFi, Globalcoin, Tesla, and Inflation

Blackchain Podcast

As the price of bitcoin continues to rise, fees also are increasing and the conversation of scaling will become more and more prominent. In this bull run adoption of lightning will become necessary, or users will shift to other projects. EOS will be announcing new projects and a development roadmap for Block.one come June 1st. Depending on the announcement, it could drive the broader market higher, but more likely, it will either push EOS higher due to excitement or pull it lower as speculators sellout post announcement (buy the rumor, sell the news). The tooling for Decentralized Finance (DeFi) continues to grow on the Ethereum network. MakerDAO, Dharma, and Compound are briefly discussed. In a future a video walkthrough will be posted, so be sure to subscribe on YouTube. Tesla’s current market position and business outlook are briefly discussed. Tesla has been under pressure with lackluster demand, talks of restructuring, and skepticism on their robotaxi promise for 2020. Finally, we discuss the broader economy including recent increases in inflation and the structure of the yield curve.