Nic Carter, general
Nic Carter, general partner at Castle Island Ventures, and cofounder and chairman of Coin Metrics, explains why the Bitcoin price has been rising without the retail bubble seen in 2017-2018. In this episode he covers:
● how this Bitcoin rally differs from the ones in 2017-2018 and why the market is much more mature
● how much the pandemic and other macro forces this year have helped propel Bitcoin
● what it says that the number of Bitcoin addresses with $10 or more worth of bitcoin are is at 18 million now, compared to 2014 in the 2017-2018 bubble
● the significance of realized cap, and why there's less pressure to sell now since the current cost basis of all bitcoins is much higher than in the bubble
● the significance of the fact that open interest in CME Bitcoin futures hit $1 billion this week — and why, even though they're cash-settled, they do impact the Bitcoin price
● what the appreciation of the Bitcoin price in other countries' currencies such as Turkish lira means
● what it means that the stablecoin free float has grown from $1.5 billion in the last bubble to $23 billion during this rally
● what he makes of the theory that Chinese miners are having difficulty to sell their BTC being a driver of the price rise
Thank you to our sponsor!
Nic Carter: https://twitter.com/nic__carter
Castle Island VC: https://www.castleisland.vc
Coin Metrics: https://coinmetrics.io
Nic’s post: https://medium.com/@nic__carter/nine-bitcoin-charts-already-at-all-time-highs-78abbfe82804
Chinese miners unable to sell BTC: https://www.coindesk.com/bitcoins-rally-supply-crunch-in-china
Dispute with this report: https://twitter.com/WuBlockchain/status/1328893579515682816?s=20
CME Bitcoin open futures surpasses $1 billion: https://www.theblockcrypto.com/linked/85045/cme-bitcoin-futures-1-billion-open-interest
Link to the Crypto News Recap:
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YOUR NO-HYPE RESOURCE FOR ALL THINGS CRYPTO!
There is genius in making complex concepts simple to understand. Unfortunately this guy did not do that. Still the best crypto podcast out there
Super interesting! Living in Argentina I definitely agree that unstable currencies in our countries make cryptocurrencies very attractive. Does Nic have any post like a "ranking of unstable currencies related to bitcoin usage"? If so, could you share it? Thanks!!
I wish I had a Bitcoin for every spammer comment on YouTube bitcoin videos
Would be great to get more background about the last question about 'miners selling Bitcoin' ... I did not understand the reasoning that they can't get rid of their Bitcoin''' everyone is buying.
Love the alligator ? sir! Lol ?
Vitalik Buterin, co-founder of Ethereum, shares his thoughts on the five-year anniversary of Ethereum, challenges with ETH 2.0 and criticisms about DeFi. We discuss:
his thoughts and feelings ahead of Ethereum’s five-year anniversary
how to address the high gas fees on the Ethereum network
whether the complexity of Ethereum 2.0 creates a risk for the security of the network
whether staking will lead to a higher focus on ETH price and issues such as monetary policy
how he looks at the ETH price with its significance for security in Ethereum 2.0
how proof of stake systems can be more democratic
whether staking lends itself to the kind of securitization that looks similar to mortgage-backed securities
his concerns about DeFi
the most optimal way for DeFi projects to distribute their tokens
his thoughts about Bitcoin on Ethereum
inherent risks to Ethereum users connected to China’s Blockchain Service Network (BSN)
his views on DCEP, other CBDCs and Libra
the indictment of Ethereum Foundation staff member Virgil Griffith for allegedly helping North Korea to circumvent sanctions
how he plans to make the Ethereum Foundation more transparent
whether lack of diversity would impact the success of Ethereum in the long term
where he would like to see Ethereum in the next five years
Thank you to our sponsors!
Vitalik Buterin: https://twitter.com/VitalikButerin
Vitalik’s blog: https://vitalik.ca
Median gas price: https://blockchair.com/ethereum/charts/median-gas-price
Average gas price: https://blockchair.com/ethereum/charts/average-gas-price
Solutions to gas price problem: https://www.coindesk.com/ethereum-developers-consider-new-fee-model-as-gas-costs-climb
Reddit AMA with the Ethereum 2.0 Research team, including Vitalik: https://old.reddit.com/r/ethereum/comments/ho2zpt/ama_we_are_the_efs_eth_20_research_team_pt_4_10/
Paper on how DeFi lending could undermine security in a POS system: https://arxiv.org/abs/2001.00919
Vitalik tweet on yield farming: https://twitter.com/VitalikButerin/status/1278337657194655744
Abra settlement with SEC and CFTC: https://www.coindesk.com/sec-cftc-hit-crypto-app-abra-with-300k-in-penalties-over-illegal-swaps
Maya Zehavi’s comments on what this could mean for DeFi: https://twitter.com/mayazi/status/1282696180741414918
China’s BSN using public chains, including Ethereum: https://www.coindesk.com/chinas-blockchain-infrastructure-to-extend-global-reach-with-six-public-chains
Unchained interview about DCEP: https://unchainedpodcast.com/why-china-aims-to-replace-cash-with-the-digital-yuan/
Charges against Virgil Griffith: https://www.justice.gov/usao-sdny/pr/manhattan-us-attorney-announces-arrest-united-states-citizen-assisting-north-korea
More on Virgil Griffith case: https://www.coindesk.com/usa-v-virgil-griffith-what-we-know-and-dont-in-the-bombshell-crypto-sanctions-case
Unchained interview with human rights activist Yeonmi Park on what life is like in North Korea: https://unchainedpodcast.com/yeonmi-park-on-why-doing-business-with-north-korea-is-like-buying-a-ticket-to-a-concentration-camp/
Unchained interview on why North Korea is interested in cryptocurrency: https://unchainedpodcast.com/why-north-korea-is-interested-in-cryptocurrency/
Case against Steven Nerayoff: https://www.justice.gov/usao-edny/pr/two-arrested-extortion-startup-cryptocurrency-company
Not allowing people to visit North Korea is cencorship! Thats stupid! Everyone has the right to get his own opinion about people or a nation.
You did really good laying all of this out for us Laura and is much appreciated. - @MeowDevs on Twitter
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Nice video but I don't really need this because I let my expert trader handle my trades and make me profits. Mr. Mitchel Humpries.
THAT is how to interview. Top notch. New subscriber earned.