Podcast: Institutional Money Drives Bitcoin Higher, China Grapples with Energy Crisis

Get your macro fix with Blockworks’ own Mike Ippolito and co-host, Mark Yusko.

article-image

share

In the weekly roundup episode of Blockworks’ podcast “On the Margin,” Mike and Mark spend a lot of time on Bitcoin’s recent run above $55,000. They take a look at open interest and the rolling 1 month basis on Bitcoin futures on CME compared to other offshore exchanges like Deribit and Huobi, and what that says about institutional flows. They also take a look at Bitcoin’s price action compared to previous cycles in 2013 and 2017, and the recent resumption of the seasonality trend and divergence from equities.

Later in their talk, they dive deep into food prices, rising energy prices and depleted coal reserves in China and India, and what that says about the current state of geopolitics.

They also cover:

  • Bitcoin’s price action compared to previous 2013 and 2017 cycles
  • Recent resumption of the seasonality trend and divergence from equities
  • George Soros’ family office and crypto
  • The FDIC reportedly taking a look at stablecoin deposits

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.

Are you a UK or EU reader that cant get enough investor-focused content on digital assets?Join us in London on November 15th and 16th for the Digital Asset Summit (DAS) London. Use code ARTICLE for £75 off your ticket. Buy it now.

Tags

Upcoming Events

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research report HL cover.jpg

Research

It's increasingly apparent that orderbooks represent the most efficient model for perpetual trading, with the primary obstacle being that the most popular blockchains are ill-suited for hosting a fully onchain orderbook. Hyperliquid is a perpetual trading protocol built on its own L1 that aims to replicate the user experience of centralized exchanges while offering a fully onchain orderbook.

article-image

This is the first crypto-centric announcement from Stripe since May of last year

article-image

Thursday’s GDP report shows economic growth is slowing faster than expected, spurring concerns from economists over stagflation

article-image

CoinFund, EDX Clearing and Nonco are among the first users of the offering

article-image

Crypto mixers continue to be a target of government scrutiny

article-image

If recent history is any gauge, most teams still opt for the “sugar high” of short-term degen adoption over pursuit of more sustainable users

article-image

The iShares Bitcoin Trust saw zero flows Wednesday, according to Farside Investors, after seeing $15.5 billion enter the fund in its first 71 days