On today's episode of On the Margin, Charles Edwards Founder of Capriole Investments joins the show to discuss Bitcoin's place in the current macro cycle. We start with the state of macro and then dive into what inflation, interest rates and the Fed's actions mean for Bitcoin. We hit on frameworks for valuing BTC, Bitcoin's monetary policy and what metrics investors should be watching.
Finally, we close with a conversation on Bitcoin's role as an inflation hedge and long-term outlook!
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Referenced In The Show:
Capriole's website
https://capriole.com/
Capriole's newsletter
https://capriole.com/newsletter/
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Timestamps:
00:00 Introduction
00:54 The Current Macro Environment
06:41 Crypto’s Changing Sentiment
11:16 Frameworks for Valuing BTC
14:41 Miner Capitulation
22:44 Permissionless Ad
23:29 Bitcoin vs Ethereum
33:34 A Fed Pivot?
41:10 2023 Outlook
43:51 Bitcoin as an Inflation Hedge
47:34 Bitcoin’s NASDAQ Correlation
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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