Podcast: Ray Dalio Changes his Mind on Bitcoin, Stock Buybacks Skyrocket, Everything is Money Illusion

Get your macro fix with Blockworks’ own Mike Ippolito and Mark Yusko.

December 18, 2021 09:05 am

In today’s episode of “On the Margin” Weekly Roundup with Mike Ippolito and Mark Yusko, the conversation starts off with Ray Dalio’s comments about Bitcoin, Gold and Ethereum. Spoiler alert – minds are being changed! Next they get into the increasing politicization of crypto, and the battle lines being drawn between the Dems and the GOP.

Mark and Mike get into breadth in the Nasdaq as a potential sign of worry (thanks Bear O’Shea for the flag!), record stock buybacks amidst insider selling, and finally the growing percentage of net income explained by the stock market.

This week’s episode on a philosophical question – is ALL growth just a result of money illusion? For the answer to that, you’ll have to listen in.

Watch the full episode below! 👇

“On the Margin” is a two-part show. Once a week, Mike interviews industry experts, and then at the end of the week, he is joined by co-host Mark Yusko where they break down the top crypto and macro stories. Episodes go live every Wednesday and Saturday morning.

Subscribe to “On the Margin” today on Apple or Spotify, or watch episodes on YouTube.

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Solana Mobile is a highly ambitious foray into the mobile consumer hardware market, seeking to open up a crypto-native distribution channel for mobile-first applications. The market for Solana Mobile devices has demonstrated a phenomenon whereby external market actors (e.g. Solana-native projects) continuously underwrite subsidies to Mobile consumers. The value of these subsidies, coming in the form of airdrops, trial programs, and exclusive NFT mints, have consistently covered the cost of the phone and generated positive returns for consumers. Given this trend in subsidies, the unit economics in the market for Mobile devices, and the initial growth rate and trajectory of sales, it should be expected that Solana mobile can clear 1M to 10M units over the coming years. As more devices circulate amongst users, Solana Mobile presents a promising venue for the emergence of killer-applications uniquely enabled by this mobile-first, crypto-native distribution channel.

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