Bankless ROLLUP: Tesla Sells Bitcoin | Minecraft NFT Ban | Polygon zkRollup | Genesis 3ac | Ethereum Merge
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Jul 22, 2022 This week, hosts dive into the intriguing world of crypto, discussing Tesla's Bitcoin holdings and the fallout from the Minecraft NFT ban. They explore Ethereum's upcoming merge and the rising significance of zkRollups for scalability. The podcast also sheds light on accidental purchases in the ENS market and examines the resilience of blue-chip NFTs in todayâs market fluctuations. Listeners will enjoy insights on the evolving crypto job landscape and the contrasting paths of major players like BlockFi and Celsius.
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Merge Impact on ETH Price
- ETH's price jump is due to the merge being priced in, showing the market's responsiveness to fundamentals.
- This challenges the idea that markets only price in narratives, not fundamentals.
Survivorship Bias in Asset Returns
- Charts showing long-term asset returns can be misleading due to survivorship bias.
- Consider the broader global context and avoid assuming continued dominance of any single economy.
DXY Composition and Dollar Strength
- The DXY measures the dollar's strength against a basket of currencies, primarily the euro.
- Its composition makes it heavily influenced by euro performance, explaining its recent rise.