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Is the Price of Oil Coiling?
It wouldn't surprise me if we saw at least a 50% uptick in the price of oil. And it seems like the price is coiling. I have a chart here. What time frame are you thinking? Like in the next six months? Sooner than that. Wow. That's a huge one. One to one. Bold of a call to say that, yeah, we're going to 120. It was really naturally going was around the 120 to 130 area and we're at 80 today. Yeah.
Preston Pysh sits down with Steven McClurg, who’s the CIO at Valkyrie, and just an all-around brilliant macro thinker, to talk about the multiple bank failures, what it meant for the broader economy, Bitcoin, and more.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
03:03 - What are the three things the FED is currently considering?
26:15 - Why Silvergate, Signature, and Silicon Valley Bank are different than many other banks?
31:29 - What rules from the Global Financial Crisis are currently impacting regional banks?
52:26 - Is there a concerted effort by Wall Street and the government to remove onramps to Bitcoin exchanges?
54:36 - Steven's thoughts on Custodia's bank application with the FED being denied.
57:00 - What's going to happen with the GBTC suit with the SEC with respect to the ETF application?
01:05:29 - What impact has paper bitcoin had on the market to date and Steven's expectation into the future?
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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