Podcast and Chill #86
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Podcast and Chill #86
Return Of The Bull Market?; No One Understands Bitcoin; BlackRock Bitcoin ETF
Today’s Cheat Sheet -
Support and resistance levels and our daily, weekly and monthly bias on BTC, ETH, OIL, ES, and NQ as well as our favorite altcoins.
“With Bitcoin breaking past $30,000, equity indices reaching new bull market territory and many speculating that the Fed has finished hiking, we walk through the liquidity backdrop and if we are entering a new bull market, or not?”
“For literally every other financial asset, there’s always a price people will be willing to sell at, and there’s always an opportunity cost of some other asset that they could have instead…for a decent proportion of the supply of Bitcoin it will never be sold, and that creates a completely new market dynamic.” — Allen Farrington
‘The SEC has swatted down so many spot bitcoin ETF applications that crypto diehards simply gave up caring. Then comes TradFi giant BlackRock – at the height of the SEC’s crypto crackdown, no less – with an ETF application that has seemingly changed the calculus. Bloomberg Intelligence ETF watcher James Seyffart joins the show to unpack the odds of BlackRock being the first to win approval, and what it would mean for other players in the space chasing down TradFi’s “holy grail.”’