Unchained

Bits + Bips: Why Bitcoin Is a Leveraged Bet on Global Liquidity - Ep. 710

Listen Later

Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.

In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann are joined by Sam Callahan of The NewsBlock to explore how macroeconomic factors and liquidity conditions are driving Bitcoin’s price. They dive into the Federal Reserve's recent rate cuts, the impact of Solana's token unlocks, and why many investors are concerned about a potential liquidity crunch. Plus, the panel discusses whether Bitcoin’s price is increasingly dependent on global M2 money supply, and how BlackRock’s Bitcoin ETF options could impact the market. 

Is Bitcoin simply a leveraged macro bet? And could Solana’s unlocks cause a price squeeze? 


Show highlights:
  • Alex and Joe’s takeaways from Token 2049 and Solana Breakpoint
  • Why there’s so little attention on Bitcoin at these conferences
  • The SOL vs. ETH trade debate
  • Why Sam thinks that the Fed cut rates to help the Treasury
  • Whether they think inflation will persist 
  • How China's rate cuts aim to boost its economy amidst export challenges
  • How Bitcoin's correlation with global liquidity can break down during speculative bull runs, despite its typical sensitivity to liquidity conditions
  • The pros and cons of the approval of Bitcoin ETF options
  • Why fears about BlackRock and Coinbase's bitcoin holdings are unfounded, according to James


    • Sponsors:
    • Gemini
    • Stellar 
      Hosts:
      • James Seyffart, Research Analyst at Bloomberg Intelligence
      • Alex Kruger, Founder of Asgard
      • Joe McCann, Founder, CEO, and CIO of Asymmetric
        Guest:
        • Sam Callahan, Current Free Agent Analyst & Scribe of the NewsBlock
        • Sam’s research post with Lyn Alden
          • Links

          Coverage of Unchained on Token 2049 and Solana Breakpoint:

          • Should the Solana Foundation Be Dissolved? Yes... and No...
          • $1.3 Billion Market Cap BONK Caught Asymmetric Financial's Eye at $28 Million, Founder Tells Solana Breakpoint Event
          • Bring Back ICOs, Says Multicoin Capital’s Tushar Jain, Winning Agreement From Debate Adversary Qiao Wang of AllianceDAO
          • PYTH Stakers Get Carrots and Sticks as Douro Labs Rejigs Staking Mechanism
          • DeFi Protocol Sky, Formerly MakerDAO, to Launch on Solana Blockchain
          • Firedancer Efforts Bring Solana a Step Closer to Leap in Processing Power, Says Jump Trading’s Science Chief 
          • Stoner-Originated Proof-of-Liquidity Network Berachain Scores a Hit at Token2049 


            • SOL vs. ETH

            • Unchained: SOL on Course to Flip ETH, Says Multicoin Capital’s Kyle Samani
            • Alex’s tweet: “Ironically $SOLETH is barely up in 2024”

              • Rate cuts and macro:

              • Fed Cuts Rates for First Time Since 2020

              China:

              • Reuters: China's central bank unveils most aggressive stimulus since pandemic | 

              ETF options:

              • CoinDesk: BlackRock Bitcoin ETF Options to Set Stage for GameStop-Like 'Gamma Squeeze' Rally
              • Decrypt: SEC Hits Pause on Ethereum ETF Options Following Bitcoin Nod - 

                • Kamala Harris:

                • Unchained: 
                • Kamala Harris Makes Her First Comments on Crypto
                • Harris Commits to Prioritizing Emerging Industries Like Blockchain in Speech


                  • Timestamps:

                  • 00:00 Intro
                  • 02:55 Takeaways from Token 2049 and Solana Breakpoint
                  • 07:14 Little Bitcoin interest me at conferences
                  • 12:23 The SOL vs. ETH trade debate
                  • 17:32 Sam’s view on the Fed’s rate cuts
                  • 28:55 Will inflation persist?
                  • 41:14 China’s rate cuts and economic boost
                  • 49:44 Bitcoin’s correlation with global liquidity
                  • 1:02:43 Pros and cons of Bitcoin ETF options
                  • 1:13:23 BlackRock and Coinbase Bitcoin holdings fears

                    • Learn more about your ad choices. Visit megaphone.fm/adchoices

                    ...more
                    View all episodesView all episodes
                    Download on the App Store
                    UnchainedBy Laura Shin
                    • 4.6
                    • 4.6
                    • 4.6
                    • 4.6
                    • 4.6

                    4.6

                    1,184 ratings

                    More shows like Unchained

                    View all
                    Real Vision: Finance & Investing by Real Vision Podcast Network

                    Real Vision: Finance & Investing

                    913 Listeners

                    CoinDesk Podcast Network by CoinDesk

                    CoinDesk Podcast Network

                    646 Listeners

                    The Breakdown by Blockworks

                    The Breakdown

                    741 Listeners

                    The Pomp Podcast by Anthony Pompliano

                    The Pomp Podcast

                    1,843 Listeners

                    On The Brink with Castle Island by Castle Island Ventures

                    On The Brink with Castle Island

                    288 Listeners

                    What Bitcoin Did by Danny Knowles

                    What Bitcoin Did

                    267 Listeners

                    Markets Outlook by CoinDesk

                    Markets Outlook

                    137 Listeners

                    The Wolf Of All Streets by Scott Melker

                    The Wolf Of All Streets

                    243 Listeners

                    Empire by Blockworks

                    Empire

                    168 Listeners

                    Supply Shock by Blockworks

                    Supply Shock

                    109 Listeners

                    Coin Stories by Natalie Brunell

                    Coin Stories

                    440 Listeners

                    Raoul Pal: The Journey Man by Real Vision Podcast Network

                    Raoul Pal: The Journey Man

                    135 Listeners

                    Forward Guidance by Blockworks

                    Forward Guidance

                    277 Listeners

                    The Milk Road Show by The Milk Road Show

                    The Milk Road Show

                    51 Listeners

                    Limitless Podcast by Limitless by Bankless

                    Limitless Podcast

                    66 Listeners