Amanda Fabiano, director of Bitcoin mining at the Fidelity Center for Applied Technology, and Christopher Bendiksen, head of research at CoinShares, discuss the third Bitcoin halving, which occurred hours before the publication of this episode. They discuss:
- the significance of the halving
- what effect it could have on price and what Amanda and Christopher think of Dan Morehead's projection that it could reach $115,000 next year
- how macroeconomic events like the coronavirus and quantitative easing could impact uptake of Bitcoin
- how the halving could affect miners and hash rate
- how the halving could influence the environmental impact of Bitcoin
- why mining was the first activity Fidelity pursued with Bitcoin
- what they think needs to happen in Bitcoin to foster more adoption
- why hash rate derivatives will be a crucial step
- what the outlook is for institutional adoption of Bitcoin
- plus, is it halving or halvening?
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Episode links:
Amanda Fabiano: https://twitter.com/_amanda_fab
Fidelity Center for Applied Technology: https://www.fidelitylabs.com
Christopher Bendiksen: https://twitter.com/C_Bendiksen
Coinshares: https://coinshares.com
Coinshares’ 5 Popular Bitcoin Halving Theories: https://coinshares.com/research/5-popular-btc-halving-theories
Coinshares’ December 2019 Bitcoin Mining Report: https://coinshares.com/assets/resources/Research/bitcoin-mining-network-december-2019.pdf
Unconfirmed episode with Dan Morehead: https://unchainedpodcast.com/a-bitcoin-price-of-115000-next-year/
Bitcoin stock-to-flow ratio: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
Fidelity opens trading to institutional customers: https://www.bloomberg.com/news/articles/2019-05-06/fidelity-said-to-offer-cryptocurrency-trading-within-a-few-weeks
Fidelity Digital Assets signs first exchange: https://www.coindesk.com/fidelity-digital-assets-to-sign-up-its-first-crypto-exchange-by-end-of-the-year
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