Beef and Bitcoin

Today's episode covers Tesla's recent announcement to accept bitcoin as a method of payment for their vehicles with the intention of HODLing that bitcoin and not converting back to fiat. The Suez Canal incident has proven to be a single point of failure with a potential ripple effect across global supply chains, how inflation is making its way into lumber prices, real estate, and automobiles, and Fidelity's announcement of a bitcoin ETF filing.

Bitcoin broke $30,000 on January 2nd, and quickly went through $31,000 within the hour. Bitcoin breezed through $32,000 and then $33,000 before finally pulling back to $30,000 after this episode was finished recording. Are institutional investors ready to take profits or just getting their first positions? Tune in!

This episode covers the 2021 outlook for bitcoin and what you can expect to see in the next year. Bitcoin has turned into a must own asset almost overnight, as it rallied over 300% in 2020. Well known investors and institutions are starting to express interest in btc and have put out price targets ranging from $50,000 to $400,000. The borrowing and lending market for bitcoin has also gained traction in 2020 and is set to explode in 2021. Bitcoin rewards is also a growing trend expected in...

Elon Musk and MicroStrategy CEO Michael Saylor had an exchange on twitter about Tesla converting the USD on their balance sheet to BTC. Saylor suggests that the move would be a benefit to the TSLA shareholders and that other companies in the S&P500 would soon follow. Coinbase is also planning their IPO and will be the first unicorn company to IPO in the bitcoin space. https://twitter.com/michael_saylor/status/1340665067570913280?s=20

Join Brett and CH as they discuss the recent bitcoin price consolidation at $19k and how different it feels from 2017. They also discuss Michael Saylor's interesting comparison between real estate and bitcoin as a store of value and how things like maintenance costs and property taxes should be considered when comparing the two. All of this and more in today's episode.

This was recorded on Sunday July 27th, right before the break above $10,000. Topics include the altcoin pump/defi madness and the recent news that banks can now custody bitcoin and other digital assets. https://www.theblockcrypto.com/post/72628/us-bank-regulator-crypto-custody https://twitter.com/PeterLBrandt/status/1287160790882099202?s=20

Join Brett and Happy Shillmore as they discuss the recent twitter hack that took control of many verified accounts and tweeted out a bitcoin giveaway scam. There are many different ways to think about how this may or may not impact bitcoin (the price was stable during the hack and up slightly after) in the public eye. Tell us what you think...

Join Brett and Happy as they discuss the recent news surrounding a Coinbase IPO and how that fits within the macro landscape and who may want exposure to that, Tesla surging to new all time highs and whether or not that is a leading indicator, and the recent DeFi FOMO with yield farming https://www.reuters.com/article/us-coinbase-ipo-exclusive-idUSKBN24A21W https://www.coindesk.com/there-are-more-dai-on-compound-now-than-there-are-dai-in-the-world

Join Brett and Happy Shillmore (what do you think of the name change btw?) as they discuss the recent discovery of 93 tons of fake gold found in the gold markets. Fake gold is nothing new, but it made for a good discussion in how bitcoin and gold have their own pros and cons when being used as collateral. HODLers appear to be in 'full blown prep mode' according to data from Glassnode that shows 61% of btc hasn't moved in a year. The last time this amount of btc was 'hodled' was prior to the...

Join Brett and CH as they discuss how the last month as unfolded and the acceleration of QE across the globe.

Join CH as he discusses the recent news that PayPal and Venmo will enable their users to buy and sell bitcoin directly inside of the app. There are pros and cons to "legacy FinTech" companies starting to interact with bitcoin. Over 300 million customers are now about to have access to bitcoin, but that also comes along with more custodian risk and more KYCed bitcoin. Not all is lost though, as this will also help to increase the distribution of bitcoins to new users, so long as they can...

Join CH as he discusses a recent Forbes article "Why Bitcoin Is Valuable - Debunking The ‘Greater Fool’ Theory". The article compares bitcoin to oil in the early 1800s and how it became very useful as fuel. Oil wasn't useful when it was first discovered because people were unsure of what to use it for. Just as engineers tinkered with oil, engineers are tinkering around with bitcoin and learning about what it can do. They're also figuring out new ways to use bitcoin and interact with it....

Join Brett and CH as they discuss JP Morgan recently opening its doors to offer banking services to the bitcoin industry like Gemini and Coinbase, Goldman recently planned a call on inflation, Gold, and Bitcoin, and CashApp & Grayscale inflows have bought a significant amount of bitcoin in the last two quarters. All of this and...

Join Brett and CH as they discuss and celebrate Bitcoin Pizza Day and how those 2 Papa Johns pizzas that were ordered for $40 10 years ago would for 10,000 bitcoins would now be worth over $90 million dollars. An old coinbase transaction from 2009 recently moved for the first time, sending rumors that Satoshi may have moved some of his coins. This *may* have caused bitcoins price to pull back on the news, but many articles came out shortly thereafter to explain how those coins were most...

Join Brett and CH as they discuss the recent topic surrounding explaining bitcoin to celebrities. JK Rowling, author of the Harry Potter series, recently tweeted to her followers asking them to explain bitcoin to them. Many bitcoiners made an attempt, and Elon Musk even gave it a shot! They discuss if celebrities are a good thing when it comes to the adoption of bitcoin, and if it even matters in the long term. Hash Rate futures contacts have also launched, which will have tremendous...

Join Brett and CH as they discuss the third bitcoin halving that took place at block 630,000 on May 11th, 2020 which has now brought the block subsidy down to 6.25 per block from 12.5. Legendary Macro investor Paul Tudor Jones recently disclosed his bitcoin position and has allocated close to 2% of his net worth to BTC ($100,000,000 estimated position size). They also discuss how The Fed's true enemy is consumer price inflation and the @BitcoinStimulus twitter handle. All of this and...

Join Brett and CH as they discuss bitcoin's recent move to $9,000,, the ongoing currency crisis in Lebanon (and why capital controls are a great leading indicator!), and why deflation may come before adoption of a new reserve currency. All of this and...

Join Brett and CH as they discuss Plan B's recent update to his Stock To Flow Model ( S2F ) where he removes the time series and uses only stock/flow and their respective prices, and the supply of Tether has increased significantly and what that might mean in the market. https://medium.com/@100trillionUSD/bitcoin-stock-to-flow-cross-asset-model-50d260feed12 https://twitter.com/alistairmilne/status/1250109805391380480?s=21...

Join Brett and CH as they discuss the topic of KYC inevitability and how it creates a friction point that not only slows adoption, but prevents an explosion of productivity, the recent update from China's central bank digital currency, and a few point around the recent article titled "Anatomy of a Fiat Currency Collapse" by Alasdair...

Join Brett and CH as they discuss the topic of institutional money (again) making its way to BTC and how the recent change in macro landscape makes it an interesting opportunity, Ray Dalio's thoughts on how Reserve Currencies can change, and oil's recent turn to a negative price! All of this and...