Onramp Bitcoin Media Fed Speak, Gold ATHs, DeepSeek, State-Level Adoption, & BTC Dominance
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Jan 31, 2025 The podcast dives into the Fed's influence on the market and Bitcoin's status as a legitimate asset. It explores state-level legislation that's paving the way for Bitcoin adoption and emphasizes institutional interest over altcoins. Tesla's Bitcoin accounting raises questions about corporate perception, while DeepSeek's release stirs discussions in US equity markets. The hosts examine Bitcoin's price dynamics against economic trends and the role of innovative custody solutions to secure digital assets.
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Market Dynamics and Bitcoin
- Current Bitcoin price is influenced by Fed speak and gold's all-time high.
- These short-term market dynamics don't change Bitcoin's long-term trajectory.
Debt and Interest Rates
- The US Treasury needs to refinance substantial debt, influencing interest rate decisions.
- Trump openly demanding lower rates further illustrates the limited independence of the Federal Reserve.
DeepSeek and Deflationary Tech
- DeepSeek, a Chinese open-source large language model, demonstrates deflationary tech's power.
- This highlights disruption risks in US equity markets and reinforces Bitcoin's role as a store of value.