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Exploring Rehypothecation Concerns in Bitcoin Trading
Exploration of concerns around rehypothecation in Bitcoin trading, focusing on Coinbase and ETFs. The chapter debunks current evidence of rehypothecation and highlights market expectations as a more plausible concern.
Marty sits down with James Check to discuss bitcoin cash and carry.
James on Twitter: https://x.com/_Checkmatey_
Checkonchain: https://charts.checkonchain.com/
Newsletter: https://newsletter.checkonchain.com/
0:00 - Intro
0:50 - Exposition
8:45 - Aussie ETF and in-kind withdrawal
12:04 - River & Unchained
13:20 - What Jim Bianco is missing
21:18 - Who is making the trade
26:03 - Gradually, Then Suddenly & Zaprite
27:40 - Coinbase
30:36 - Realized capital
39:19 - Don’t whale watch
41:59 - Engineering and on-chain analysis
49:09 - Checkonchain analysis framework
55:11 - Wall Street using the data
57:10 - What would disprove the model?
1:00:25 - Profit/loss ratio
1:04:40 - Time off, Will the cycles continue?
1:11:58 - Price prediction
1:15:39 - Managing generational wealth
1:20:04 - Bitcoin in bad economic times
1:28:15 - Bitcoin improving politics and energy
1:35:13 - Wrapping with plugs
Shoutout to our sponsors:
Zaprite
Gradually, Then Suddenly
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