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BTC154: Bitcoin and Macro Mastermind Q4 2023 w/ Joe Carlasare, Jeff Ross, and Steven McClurg (Bitcoin Podcast)

Oct 31, 2023

01:16:22

Snipd AI

Industry experts Joe Carlasare, Jeff Ross, and Steven McClurg discuss the ongoing regulatory process for Bitcoin ETF approval, potential corporate exposure to Bitcoin, and the impact of macro events like the treasury market moves and liquidity injections on the Bitcoin market. The podcast also explores the fragility of fiat currency, the bid for US debt in a potential recession, and the correlation between IWM and net liquidity. The speakers emphasize the importance of educating people about Bitcoin and passive indexation.

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Episode notes

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Quick takeaways

Bitcoin ETF approval is expected but timing remains uncertain.

Approval of Bitcoin ETF may lead to price surge followed by a correction.

Bond market may shift towards a long-term bear market due to changing dynamics and increasing supply.

Deep dives

Bitcoin ETF filings and market reaction

The podcast episode explores the recent Bitcoin spot ETF filings and the market reaction to the news. The hosts discuss the approval of the BlackRock ETF and the subsequent market frenzy. They also touch on the DTCC website listing and delisting the ticker for the ETF, causing confusion among market participants. The conversation covers the timeline for approval, potential precedents for listing other crypto ETFs, and the effect on Bitcoin's price. It is noted that approval is expected, but the exact timing remains uncertain.

Introduction

2min

Bitcoin ETF Approval Process and Price Surge

18min

Logistical Challenges and Sponsors in the Bitcoin Podcast

3min

Bitcoin ETF Approval Process and Potential Impact of Corporate Exposure

19min

The Nature of Fiat Currency and Sponsor Break

4min

The Bid for US Debt in a Potential Recession

17min

Bitcoin System and Recession Indicators

12min

Correlation between IWM and Net Liquidity, and Divergence from Worldwide Liquidity

2min

Passive Indexation, Continued Discussion, and Closing Remarks

3min

In the fourth quarter 2023 mastermind discussion with Preston Pysh, Joe Carlasare, Jeff Ross, and Steven McClurg, we cover a broad range of macro and Bitcoin topics.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:28 - The DTCC website listing various Bitcoin ETFs.

01:28 - Will the Bitcoin ETF even bring new interest to Bitcoin?

26:05 - What is happening in the treasury market right now?

33:45 - The current bull market in Bitcoin - what's driving it?

53:27 - What's the broader implications of the treasury market moves?

01:04:15 - Oil.

01:04:15 - PBOC liquidity injections and overall outside influences to liquidity.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Joe’s Legal Practice.
Steven’s company Valkyrie.
Jeff’s Investment Firm.

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