One of the most fascinating things about on chain analytics is that we just have a transparency that doesn't really exist anywhere else. With a realized market cap, what we can see is every single UTXO, which is the technical term for Bitcoin on chain, we can see when it was last moved. The marginal seller, the marginal buyer comes exhausted and price dips. But like if price runs up 20 X or 100 X, maybe some people take a little bit off the top and we can see that happen.
In this MI Rewind episode, Clay Finck chats with Dylan LeClair about Bitcoin on-chain analysis, Ray Dalio’s thesis on the long-term debt cycle and how Bitcoin potentially plays into that, and much more!
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
05:11 - Ray Dalio’s thesis on the long-term debt cycle and how Bitcoin potentially plays into that.
20:01 - Why Dylan believes Bitcoin is a better solution for base money than gold.
29:15 - Why we haven’t seen more public companies adopting Bitcoin as of late.
41:40 - What Bitcoin on-chain analysis is and why it even matters.
51:11 - Dylan’s thoughts on the potential for a Bitcoin ETF.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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