Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.

In this episode of Bits + Bips, hosts James Seyffart, Alex Kruger, and Joe McCann are joined by Sam Callahan of The NewsBlock to explore how macroeconomic factors and liquidity conditions are driving Bitcoin’s price. They dive into the Federal Reserve's recent rate cuts, the impact of Solana's token unlocks, and why many investors are concerned about a potential liquidity crunch. Plus, the panel discusses whether Bitcoin’s price is increasingly dependent on global M2 money supply, and how BlackRock’s Bitcoin ETF options could impact the market.

Is Bitcoin simply a leveraged macro bet? And could Solana’s unlocks cause a price squeeze?

Show highlights:

Alex and Joe’s takeaways from Token 2049 and Solana Breakpoint
Why there’s so little attention on Bitcoin at these conferences
The SOL vs. ETH trade debate
Why Sam thinks that the Fed cut rates to help the Treasury
Whether they think inflation will persist
How China's rate cuts aim to boost its economy amidst export challenges
How Bitcoin's correlation with global liquidity can break down during speculative bull runs, despite its typical sensitivity to liquidity conditions
The pros and cons of the approval of Bitcoin ETF options
Why fears about BlackRock and Coinbase's bitcoin holdings are unfounded, according to James