MI Rewind: Bitcoin, Long-Term Debt Cycles, & On-Chain Analysis w/ Dylan LeClair
The Intrinsic Value Podcast - The Investor’s Podcast Network
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The Risk Reward of Bitcoin in 2020
The narrative was these four year cycles and the Bitcoin having happened in 2020. We did see violent price action to the upside in the later half of 2020, but we actually haven't seen it perform as well as prior cycles. I think now with the block subsidy and the annual inflation rate at say 1.8%, next having a 2024 block subsidy is going to get cut in half again. Every point 125 Bitcoin every block will be issued that inflation rates can be less than 1%. So ultimately, when the macro allocators like the hedge fund guys, anybody that wants to secure a Bitcoin position, which is quite a lot of people I think in the future, they're going to have to buy
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