Crypto Update | In Defense of Crypto Speculation

With bitcoin dropping below the critical level of $20K as MicroStrategy's Michael Saylor gets sued by the District of Columbia for tax fraud, plus a look at why speculation can be healthy for crypto, CoinDesk’s “Markets Daily” is back with its latest news roundup.

Today's Stories:

Stock Futures Edge Down Ahead of Jobs, Manufacturing Data  

Sterling posts worst monthly fall since wake of 2016 Brexit referendum | Financial Times 

BofA: Crypto Buying Momentum Fades as Investors Weigh Bear-Market Bounce, Recession Risk

Fed Paper Admits the Central Bank Can’t Control Inflation; Finger-Points at Federal Government | SchiffGold 

Inflation as a Fiscal Limit

District of Columbia Suing MicroStrategy Founder Michael Saylor for Tax Fraud

Digital Dollar Project Plans to Explore CBDC Technical Solutions With New Sandbox

Featured Story: In Defense of Crypto Speculation

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This episode was edited & produced by Adrian Blust with original music by Doc Blust & Colin Mealey.