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Animal Spirits Podcast

Talk Your Book: Bitcoin Fundamentals

Nov 13, 2023
Chris Kuiper, Director of Research at Fidelity Digital Assets, joins Michael Batnick and Ben Carlson to discuss Bitcoin's outperformance in 2023, illiquid Bitcoin values, Ethereum's different layers, and the potential impact of a Bitcoin ETF.
29:31

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Bitcoin remains resilient and attracts conviction among investors during downturns and bullish periods.
  • Bitcoin's decoupling from real rates and its positioning as a store of value differentiate it from other digital assets.

Deep dives

Bitcoin's Resilience and Market Perception

Despite experiencing fluctuations in price, Bitcoin continues to demonstrate resilience and defies expectations of its demise. The current market does not yet exhibit signs of a full-fledged bull market, as there is a lack of widespread enthusiasm and interest from outside the finance industry. Bitcoin is still regarded as a call option with an evolving narrative and changing perceptions of its potential. Holding onto the asset during downturns and bullish periods has proven to be a unique characteristic among its main holders.

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