Onramp Bitcoin Media Macro Noise, (Micro)Strategy, Fiscal Dominance, & Bitcoin Banks
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Feb 7, 2025 The podcast dives into the resilience of Bitcoin amid geopolitical shifts and explores long-term trends in its adoption. It highlights state-level legislation and the expanding role of stablecoins in the economy. The hosts analyze wealth concentration, the implications of Bitcoin ETFs, and the evolving strategies of MicroStrategy. Discussions on inheritance planning, self-custody nuances, and the potential future of Bitcoin banking add depth. Finally, the upcoming Bitcoin Investor Week is previewed, promising exciting networking opportunities.
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Bitcoin Volatility
- Bitcoin's price volatility is partly due to its small market cap relative to other assets.
- It's often sold for liquidity during market downturns, influenced by those not closely following the space.
Dealing with Volatility
- If bothered by Bitcoin's short-term price fluctuations, simply disconnect for a few days.
- Conviction in Bitcoin's long-term value allows for ignoring temporary dips.
Government and Stablecoins
- The US government recognizes stablecoins' potential to bolster demand for treasuries and maintain dollar dominance.
- This could involve promoting US-denominated stablecoins while allowing Bitcoin as a store of value.