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Talk Your Book: Fidelity Digital Assets Mailbag

Animal Spirits Podcast

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The Bull Market and Bitcoin Is Quiet

We've seen network consolidation into basically the two networks that have real users Which is bitcoin and ethereum. If we look at the underlying network data And we put aside the price action I like to say you would be pretty shocked That the price of bitcoin was down 75% last year. We continue to see more accumulator addresses on bitcoin and then people that only people that are only buying Yeah, exactly right these these agnostic like they don't care. The Exogenous variables the the centralized exchanges that were built on unsound business practices Uh and and the lending and re-hypotication that was taking place in the macro environment which shifted All was was sort of the primary drivers of the the

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