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The Pomp Podcast

#1282 CNBC Sit Down | Bitcoin’s Bull Market Has Begun

Dec 12, 2023
24:01
Snipd AI
CNBC journalist Talia Kaplan discusses the Federal Reserve, financial markets, interest rates, and why she believes bitcoin bull market has begun. They explore the surge in Bitcoin price, Jamie Diamond's comments on shutting down crypto, the potential benefits of embracing crypto in America, and the outlook for crypto in 2024 including catalysts and potential price appreciation.
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Podcast summary created with Snipd AI

Quick takeaways

  • Bitcoin's recent price increase can be attributed to speculation around the Bitcoin ETF approval, return to quantitative easing, and the departure of major crypto exchange CEOs, resulting in increased capital inflow.
  • Bitcoin has bottomed out and is now in the early stages of a bull market, with strong indicators pointing to increased capital inflow and rising prices in the coming years, making it an attractive investment option.

Deep dives

Reasons for Bitcoin's recent price increase

Bitcoin's recent price increase can be attributed to several factors. First, there's speculation around the Bitcoin ETF, as approval is expected, leading to increased buying in anticipation of the price going up. Second, in the macroeconomic environment, there is anticipation of a return to quantitative easing, which could lead to a rapid rise in many assets, including Bitcoin. Third, the market tends to enjoy certainty, and the departure of major crypto exchange CEOs has provided a degree of certainty, resulting in increased capital inflow. Overall, capital is flowing into the market, and with a large percentage of Bitcoin circulation remaining idle, the price is expected to continue rising.

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