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BTC202: Bitcoin Mastermind 3rd Quarter 2024 w Joe Carlasare, Jeff Ross, and America Hodl (Bitcoin Podcast)

Oct 2, 2024

Join Joe Carlasare, a Bitcoin regulatory expert, Jeff Ross, a savvy analyst of institutional Bitcoin trends, and America Hodl, who dives into crypto regulations, as they explore the monumental implications of SAB 121 on Bitcoin and the launch of BNY Mellon’s custody services. They discuss BlackRock’s influence on Coinbase, the lofty Bitcoin price predictions, and how regulatory frameworks could either bolster or hinder adoption. The trio also analyzes the evolving competition in the crypto space and the relationship between stablecoins and traditional banking.

01:20:04

Episode guests

Joe Carlasare

Jeff Ross

America Hodl

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

BNY Mellon's approval for custody services marks a pivotal shift in traditional finance's embrace of Bitcoin and digital assets.

The introduction of Bitcoin derivatives trading is expected to enhance liquidity and provide institutional investors with risk mitigation tools.

Optimistic market sentiment forecasts Bitcoin could surge to $475,000 by late 2025, driven by institutional interest and economic growth.

Deep dives

Custody Developments in the Cryptocurrency Space

The SEC's recent approval for BNY Mellon to offer custody services for digital assets marks a significant evolution in how traditional finance interacts with cryptocurrency. This change indicates that legacy banks are starting to embrace Bitcoin and other digital assets, fostering a competitive environment for custody services, especially among ETF providers. Concerns are raised about whether Wall Street's increasing involvement may undermine the core values of Bitcoin, highlighting a divide among true Bitcoin advocates. Nonetheless, this shift is generally viewed positively, as it enhances liquidity and institutional interest in Bitcoin.

Embrace Safety Over Fractional Risk

01:22

Stablecoins: The Backbone of Exchange Activity

00:55

Exploring Bitcoin Options: Flexibility and Stability for Investors

03:43

Intro

2min

Bitcoin's Path to Institutional Legitimacy

17min

Disruption in the Bitcoin Market: Navigating Competition and Innovation

2min

Enhancing Investment Strategies with TastyTrade and Real Estate Opportunities

2min

Custody Changes and Energy Insights

5min

The Regulatory Landscape of Crypto Custody

16min

Navigating Crypto Business Models

6min

Navigating the Crypto Landscape and Economic Shifts

15min

Bitcoin Price Predictions and Market Dynamics

8min

10.

Concluding Remarks and Social Media Presence

2min

In this episode, we dive into SAB 121’s implications on Bitcoin, discuss BNY Mellon’s crypto custody services, and explore how regulatory changes and institutional adoption could shape Bitcoin's future value. We also examine BlackRock’s demands on Coinbase, changes in M2 money supply, and Basel III’s risk weight requirements for cryptoassets.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:32 - The significance of BNY Mellon’s approval for custody services.

02:01 - Michael Saylor's three prerequisites for Bitcoin reaching $5M per coin.

16:06 - The impact of BlackRock’s 12-hour settlement window requirement for Coinbase.

21:41 - ESG trend changes driven by AI advancements.

24:36 - How SAB 121 requires banks to treat Bitcoin deposits as liabilities.

25:26 - The 1,250% risk weight requirement for Bitcoin under Basel III regulations.

30:37 - Why Silvergate’s bankruptcy may have been influenced by government actions.

34:38 - How stablecoins interact with traditional banking systems.

46:29 - Why Ethereum is currently facing a downward trend.

49:30 - The expansion of the M2 money supply and its implications for inflation.

BOOKS AND RESOURCES

America Hodl on Nostr .
Jeff Ross on Nostr.
Joe Carlasare on Twitter, Nostr.

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We Study Billionaires - The Investor’s Podcast Network

BTC202: Bitcoin Mastermind 3rd Quarter 2024 w Joe Carlasare, Jeff Ross, and America Hodl (Bitcoin Podcast)

Episode guests