
BTC202: Bitcoin Mastermind 3rd Quarter 2024 w Joe Carlasare, Jeff Ross, and America Hodl (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Evolving Dynamics of the Bitcoin ETF Market
This chapter explores the competitive landscape of the Bitcoin ETF market, focusing on how new entrants and innovative strategies challenge established firms like BlackRock. It provides insights into market trends, investment advice, and the potential impact of cryptocurrency on wealth management.
In this episode, we dive into SAB 121’s implications on Bitcoin, discuss BNY Mellon’s crypto custody services, and explore how regulatory changes and institutional adoption could shape Bitcoin's future value. We also examine BlackRock’s demands on Coinbase, changes in M2 money supply, and Basel III’s risk weight requirements for cryptoassets.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
01:32 - The significance of BNY Mellon’s approval for custody services.
02:01 - Michael Saylor's three prerequisites for Bitcoin reaching $5M per coin.
16:06 - The impact of BlackRock’s 12-hour settlement window requirement for Coinbase.
21:41 - ESG trend changes driven by AI advancements.
24:36 - How SAB 121 requires banks to treat Bitcoin deposits as liabilities.
25:26 - The 1,250% risk weight requirement for Bitcoin under Basel III regulations.
30:37 - Why Silvergate’s bankruptcy may have been influenced by government actions.
34:38 - How stablecoins interact with traditional banking systems.
46:29 - Why Ethereum is currently facing a downward trend.
49:30 - The expansion of the M2 money supply and its implications for inflation.
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