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FYI - For Your Innovation

Bitcoin and the Hunt for AI Computing | The Brainstorm EP 09

Aug 8, 2023
00:00
Snipd AI
Bitcoin on-chain analysis, CoreWeave's debt financing, potential applications in electric motors, casual conversations about ice cream and running shoes.
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Podcast summary created with Snipd AI

Quick takeaways

  • On-chain analysis provides insights into Bitcoin's potential global bottom and positive outlook for its four-year cycle leading up to the halving in 2024.
  • The rapid depreciation of GPU assets and potential regulatory challenges raise concerns about Binance's financial stability.

Deep dives

On-Chain Analysis and Bitcoin Monthly

On-chain analysis is a new field of financial analysis that uses blockchain data to understand the demand and supply dynamics of cryptocurrencies like Bitcoin. It provides insights into factors such as the number of addresses, Bitcoin holdings, and time since last movement. The Bitcoin Monthly publication from ARK Invest analyzes on-chain activity and indicates positive trends in terms of low volatility and reduced dormancy of coins. These trends suggest a potential global bottom and a positive outlook for Bitcoin's four-year cycle leading up to the halving in 2024.

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