Larry Cermak, director of research at The Block, looks at the macro trends in Bitcoin and cryptocurrency, including what can be gleaned from derivative data, why many hedge funds are shorting Bitcoin and what has happened to trading volume since the summer. We also cover how the exchanges vary in terms of liquidity and target customer, which types of traders are active now, and which exchanges other than the Bitwise 10 also have real volume. Finally, Larry talks about what amount of real value is being settled on the Bitcoin blockchain and how this compares to gold and other cryptocurrencies.
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Episode links:
Larry Cermak: https://twitter.com/lawmaster
The Block: https://www.theblockcrypto.com/
Hedge funds short Bitcoin: https://www.theblockcrypto.com/linked/48268/hedge-funds-were-short-bitcoin-going-into-this-downturn-cftc-reports-show
Per-website visits to exchanges:
https://www.theblockcrypto.com/linked/46235/crypto-exchanges-experiencing-a-steady-drop-in-traffic-since-june-suggesting-declining-retail-interest
Depth of order book on exchanges: https://www.theblockcrypto.com/daily/49546/when-evaluating-spot-exchanges-based-on-order-book-depth-bitfinex-appears-the-most-liquid
Analysis of value settled on Bitcoin:
https://www.theblockcrypto.com/genesis/50100/close-correlation-between-value-settled-and-traded-volume-shows-cryptocurrencies-are-still-mainly-used-for-speculation
Weekly news recap: https://unchainedpodcast.com/the-most-important-crypto-podcast-of-2019/
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Willy Woo on Why He Thinks We're Nine Years Away From Half the World Using Bitcoin - Ep.027
Demian Brener, CEO of Zeppelin, on Which Smart Contract Platform Will Win - Ep.026
Multicoin's Kyle Samani on Why He Believes Bitcoin Governance Doesn't Accommodate the Real World - Ep.025
Behind the Tezos Scandal: Conflicts of Interest, Self-Dealing and Bullying - Ep.024
Coinbase's Adam White on a Momentous Day in Crypto - Ep.023
Joey Krug on How to Create a Regular Cryptocurrency - Ep.022
Alex Gladstein of the Human Rights Foundation on the First Crypto War - Ep.021
Jill Carlson on How Crypto Is Replicating Wall Street -- And Not in a Good Way - Ep.020
Mike Novogratz on Why Incumbents Are Still Well Positioned to Participate in Crypto Finance - Ep.019
Battling Corruption With Blockchain Technology: Tomicah Tillemann of the Blockchain Trust Accelerator - Ep.018
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How Meltem Demirors Uncovers True Value in Crypto Investments
Chris Burniske of Placeholder on the Downsides of ICOs
Ari Paul of BlockTower Capital on the Crypto Downturn and Why It Could Change Direction
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