On The Margin
356 episodes - English - Latest episode: 4 days ago - ★★★★★ - 97 ratingsThe worlds of macro finance and crypto are continuing to draw closer together. On the Margin will host some of the greatest minds in the world of asset management, markets, and discuss how ideas that were once on the margin are now becoming mainstream.
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Episodes
Food Inflation is Starting to Bite with Russell Clark
March 23, 2022 11:00 - 59 minutesIn this episode of On The Margin Mike Ippolito is joined by returning guest & former Hedge Fund Manager Russell Clark of Russell Clark Investment Management. After spending over a decade as an Investment Manager, Russell joins On The Margin to discuss the period of change we find ourselves in. From trends in inflation to the evolution of market structure & reliance on clearing houses, Russell provides a big picture macro framework for thinking about markets, & the world more broadly. Russell...
The Dollar Window is Closing with Brent Johnson
March 19, 2022 11:00 - 51 minutesIn this week's round up, Mark and I were joined by special guest Brent Johnson of Santiago Capital. Among many other things, Brent is famous for his "dollar milkshake theory," which is his view of what a sovereign debt crisis will look like in the future. Brent kicked things off by giving us a rehash of the milkshake theory and his thoughts on what the dollar may do over the course of the next decade. Next we dug deep into the US - China relationship, and got Mark's and Brent's views on who i...
The Fourth Turning Has Arrived | Neil Howe
March 17, 2022 11:00 - 1 hourIn this episode of On The Margin Mike Ippolito is joined by Neil Howe Author of the best-selling book The Fourth Turning. Cycles often resurge throughout history, booms & busts, highs & lows, ascending & descending empires. We often forget history is full of these recurring cycles, thats why we invited Neil Howe to On The Margin, an expert on generational cycles to the show to discuss what the cycles of history tell us about America's next rendezvous with destiny. Neil provides his assessmen...
Inflation Remains Hot: When Will it Peak? | Weekly Round Up
March 12, 2022 12:00 - 39 minutesIn this week's episode, Mark and I covered two topics: Biden's execurive order on crypto, and inflation data. We kicked things off with the Biden's executive order. We covered what it actually is, what it isn't, and which agencies the order referred to. After that, we took a deep dive into February's inflation print. We also took a look at the rising cost of oil and how that impacts economies. Mark gave us a bit of a history lesson in terms by comparing today's oil shock with the one from the...
China’s Growth: The End Is Near | Leland Miller
March 09, 2022 12:00 - 49 minutesIn this episode of On The Margin Mike Ippolito is joined by Leland Miller, CEO of China Beige Book International for a deep dive into the Chinese financial system. After founding China Beige Book over 12 years ago, Leland provides a data driven assessment of the Chinese economy exploring whether China's growth model is coming to an end. Leland also discusses China's financial deleveraging, the demographics of China's population, the reversal in globalization, tensions with the U.S, conflict b...
Historic Sanctions Are Reshaping the World Order | Weekly Round Up
March 05, 2022 13:00 - 1 hourIn this week's round up, Mark and I are joined by special guest Mike Green of Simplify Asset Management. This week we were focused on answering one big question: "how will sanctions and financial exclusion reshape geopolitics?" We kicked things off with a quote from Dwight Eisenhower's famous 1961 farewell address, wherein he coined the term "the military industrial complex." Eisenhower alluded to a powerful idea, which is that nations will always face pressure from without, but they must re...
Will Powell Pivot Again In 2022? | Mr. Blonde
March 02, 2022 12:00 - 51 minutesIn this episode of “On The Margin,” Mike Ippolito is joined by anonymous analyst Mr. Blonde. Taking a break from diamond heists and bank robberies, Mr. Blonde joins us to discuss whether Jerome Powell will be forced to pivot Fed rate hikes in 2022. Mr. Blonde also shares his outlook on growth for 2022 and chats about market returns during Fed tightening cycles. They discuss how the Russia-Ukraine conflict will affect markets and whether inflation is secular or transitory. -- Follow Mr. Blond...
Ukraine Conflict Causes Market Volatility | Weekly Round Up
February 26, 2022 12:00 - 57 minutesIn this week's round up, Mark and I dug into the investor uncertainty caused by the Russia Ukraine conflict. Disclaimer: war is always first and foremost a humanitarian crisis. It goes without saying that our hearts go out to Ukraine and those involved in the conflict. Mark and I focused on the markets angle because we aren't geopolitical experts and that is where our expertise lies. The most important part of this story is, of course, the human side. We began with the response in US equities...
The Macro Forces Driving Bitcoin | Plan B & Jurrien Timmer
February 24, 2022 12:00 - 1 hourIn this episode of On The Margin Mike Ippolito is joined by Jurrien Timmer Director of Global Macro at Fidelity & PlanB the anonymous quant investor & creator of the Bitcoin S2F model. Jurrien & PlanB discuss the current macro forces that are driving markets from Fed rate hikes, yield curve inversion & equity market valuations. In the second half of the discussion, Jurrien & PlanB discuss valuation models for Bitcoin, how current market conditions could effect Bitcoin & what the next phase ...
Canada Freezes Citizens Bank Accounts | Weekly Round Up
February 19, 2022 12:00 - 55 minutesIn this week's episode, Mark and I covered the rising cost of energy and the impact it's having on global economies. Next we went on to discuss record bearish sentiment in markets, and what that may signal for the days and months ahead. Next, we did an updated on "Powell Pivot Watch," and re-examined the similarities between the Fed rate hike cycle in 2018 to where we are today. We did a refresher on home prices, where they might be going in the future and the critical link between homes and ...
Bitcoin's Role In The Freedom Convoy Protests | Alex Gladstein, Greg Foss & Jeff Booth
February 16, 2022 12:00 - 1 hourIn this episode of On The Margin Mike Ippolito is joined by returning guests Alex Gladstein, Greg Foss & Jeff Booth to discuss the ongoing Freedom Convoy Protests in Canada. We invited our guests to discuss the origins of the protests & how the situation in Canada has evolved. Tune in to hear Alex, Greg & Jeff cover why Canadian truckers are protesting, how these protests compare with Occupy Wall Street, why GoFundMe cancelled the Canadian Freedom Convoy's fund & what Bitcoin's role in their...
Bullard Backs "Supersized" Rate Increase | Jospeh Wang
February 12, 2022 12:00 - 56 minutesIn this week's episode, I am joined by Forward Guidance's Jack Farley & Joseph Wang for a surprise cross-over (that we all knew was coming eventually ;) We missed Mark unfortunately who is away skiing, but he was with us in spirit and wore his bitcoin bull market socks in solidarity. We'll get em next week Mark! We kicked things off with a deep dive into the record 7.5% CPI print. We took a look at what the driving components were, headline vs core, and much more. We also questioned how much ...
Bitcoin's Role in the 80 Year Debt Cycle | Charles Edwards
February 09, 2022 12:00 - 45 minutesIn this episode of On The Margin Mike Ippolito is joined by Charles Edwards, Founder of Capriole Investments. After releasing his Capriole's 2022 Market Outlook newsletter, we invited Charles to the show for a discussion about what he expects for 2022 & beyond. Charles shares his thoughts on the macro outlook for 2022, where Bitcoin becomes a value vs momentum play, Bitcoin vs Ethereum & Bitcoin's role in the long term debt cycle. -- Capriole Investments: http://capriole.com Follow Charles ...
Is the Bitcoin Bottom In? | Timothy Peterson and Mark Yusko
February 05, 2022 12:00 - 1 hourIn this episode, Mark and I were joined by special guest Timothy Peterson to discuss a very important topic: how to properly value Bitcoin. I've included a summary of our content below, but if you are interested in finding out more info about Tim or his approach, there are lots of good resources on his website here. To kick things off, Tim gave us his framework for how to value Bitcoin, which relies on Metcalfe's Law. We talked about other networks including Facebook, Amazon, and even Tesla w...
How to Value Bitcoin | Timothy Peterson and Mark Yusko
February 05, 2022 12:00 - 1 hourIn this episode, Mark and I were joined by special guest Timothy Peterson to discuss a very important topic: how to properly value Bitcoin. I've included a summary of our content below, but if you are interested in finding out more info about Tim or his approach, there are lots of good resources on his website here. To kick things off, Tim gave us his framework for how to value Bitcoin, which relies on Metcalfe's Law. We talked about other networks including Facebook, Amazon, and even Tesla w...
Is the Crypto Bull Market Over | Dan Tapiero & Dan Morehead
February 02, 2022 12:00 - 49 minutesOn today's episode of On The Margin Mike Ippolito is joined by Dan Morehead of Pantera Capital & Dan Tapiero of 10T. With collectively over 40 years in the hedge fund business at notable firms such as Tiger Management, before later pivoting to crypto in 2014, these two provide a unique insight into the growth of the crypto industry and just how big it could become over the next decade. Dan & Dan share their Macro outlook for 2022, the bursting of the U.S bond market, how crypto today compares...
Biden Cracks Down on Crypto | Weekly Round Up
January 29, 2022 12:00 - 57 minutesIn this episode Mark and I covered two big topics: the fallout of Wednesday's FOMC meeting, and the announcement that the White House is cracking down on crypto as a matter of "national security." We kicked things off with one of my favorite charts of all time, the S&P going back to 1926 superimposed over every reason investors had to sell. Helps provide some perspective, you know? Next we covered what the market is pricing in in terms of rate hikes for 2022, and the likelihood that the Fed w...
How Fed Tightening Will Impact Markets | Andreas Steno Larsen
January 26, 2022 12:00 - 46 minutesIn this episode of On The Margin Mike is joined by Andreas Steno Larsen Director & Lead Economist of Heimstaden. After spending 10+ years as a Chief Global Strategist, FX Analyst & Researcher at Nordea, Andreas provides a unique insight into the current macro factors driving markets. Andreas shares his global macro outlook for 2022, his thoughts on the effect tapering will have on markets, the slowing credit impulse as a leading indicator for growth, the rise of China vs the U.S & if we are i...
FOMC Preview: Expect More Turbulence | Jonathan Cheesman & Daniel Masters
January 25, 2022 12:00 - 46 minutesThis week in On the Margin, we have a special bonus episode for you. There's lots going on in markets and we thought if ever there were a time to speak to as many smart people as possible, it's now. In this week's episode we are joined by CoinShares Chairman Danny Masters and FTX's Jon Cheesman to give us a preview for the FOMC meeting on Wednesday. We also covered the increasing connection between macro and crypto, what constraints the Fed are operating under, and how different sectors of...
Crypto Sheds $200B in 24 Hours: Is the Worst Behind Us?
January 22, 2022 14:10 - 1 hourIn this round up, Mark and I are joined by Arca CIO Jeff Dorman to answer the one question on everyone's mind: what is driving the flash crash in crypto markets? We discussed the impact the Fed's tightening is having on markets, why the PBOC's rate cuts aren't having as much of an effect on crypto, the importance of a strong Bitcoin to crypto markets, and where we will see dispersion in crypto in 2022. Per usual, Mark and Jeff brought the fire, tune in to get their thoughts. -- Fireblocks is ...
The Macro Forces Driving Crypto in 2022 with Jordi Alexander & Checkmate
January 19, 2022 12:00 - 55 minutesIn this episode of On The Margin Mike is joined by Jordi Alexander CIO of Selini Capital & Checkmate Lead On-chain Analyst for Glassnode. Jordi & Checkmate discuss the long term structural macro trends and how they effect the crypto markets. Jordi & Checkmate also explore if Crypto can forecast broader market conditions, wether Bitcoin has become a viable macro asset, is Crypto entering a bear market, Value vs Momentum & how will the Fed respond to the highest inflation in 40 years. Link to ...
Have We Hit Peak Inflation? A Deep Dive into the Data Behind December's Record Print
January 15, 2022 12:00 - 1 hourIn this week's episode, Mark and I tried something a little different. We went super deep on one topic, namely inflation. The question we asked was "Have fears around inflation peaked? And if so, what are the implications for asset prices?" We started off by taking a look at which categories were driving CPI inflation. We took a look at which of these categories were sticky and likely to persists (like owners equivalent rent and energy) or likely due to temporary, pandemic related issues ...
What Will Happen if the Fed Raises Rates with Danielle DiMartino Booth
January 11, 2022 12:00 - 40 minutesIn this episode of On The Margin Mike is joined by returning guest Danielle DiMartino Booth, CEO & Chief Strategist for Quill Intelligence. As a former advisor at the Federal Reserve Bank of Dallas, Danielle provides a unique insight into the Fed's policy decisions throughout 2022. Danielle shares her thoughts on the dilemma's the Fed faces going into 2022, how the Fed exacerbated wealth inequality in America, Modern Monetary Theory, Universal Basic Income, her outlook for the U.S Dollar & ...
Fed Tightening Hammers Bitcoin, Kazakhstan Internet Outage Disrupts Hash Rate
January 08, 2022 12:00 - 1 hourIn this first round up of the New Year, Mark and I started with the question that's on everyone's mind: are we still in a bull market? Answer - you'll have to listen to the episode to find out! But I will say... compelling narratives and data on both sides. Whatever the truth is, we have clearly entered a pattern of market behavior that is different from past cycles. Variety, as they say, is the spice of life. We went pretty deeply into the Fed's recent minutes, including the hawkish pivot ...
Dollar Predictions for 2022 with Brent Johnson and Lawrence Lepard
January 05, 2022 12:00 - 42 minutesIn this episode of On The Margin Mike is joined by Brent Johnson of Santiago Capital & Lawrence Lepard of Equity Management Associates. Brent & Lawrence discuss Brent's Dollar milkshake thesis and the negative effect a rising dollar could have on the global financial system looking ahead to 2022. Brent & Lawrence also share their thoughts on the long term debt cycle, the bond market during financial repression, the current slow down in economic activity & inflation, what a return to sound mo...
Chart Storm For The New Year | Weekly Round Up
January 01, 2022 12:00 - 1 hourTo bring us into the new year, Michael Ippolito & Jack Farley take viewers on an audio-visual guided tour of the most salient macro topics for 2022. They analyze a series of charts that illustrate the most important issues, such as factor rotation in equities, what banks are doing with all their money, and why the interest rate futures market (i.e. Eurodollar futures) has a different view on the future path of interest rates than the Federal Reserve’s own forecasts. -- Ledger: This episode is...
Dollar vs Yuan: The Next Global Reserve Currency with Russell Clark
December 29, 2021 12:00 - 57 minutesIn this episode of On The Margin Mike is joined by Russell Clark. With a wealth of knowledge that spans over 20 years as both an Investment Analyst and CIO/CEO of Russell Clark Investment Management, Russell shares his outlook on Japan as a model for the U.S, China's rise post globalization, the connection between food & inflation, what is the end game for QE, Russell's outlook on Bitcoin and so much more. Here you can follow Russell's Substack for his latest thoughts: https://www.russell-cl...
Trump Hates Crypto, Jack Hates Web 3, Erdogan Launches Bid to Support Lira
December 25, 2021 12:00 - 54 minutesIn this extra special weekly round up, Mark and I are joined by "Hollywood" Jack Farley, welcome Jack! We kicked things off with Trump's recent comments about crypto. Despite his wife Melania launching an NFT project on Solana, it would seem he is not a fan! Next, we moved onto Jack Dorsey's comments on Web 3. We provided context about recent pushback of NFTs from the Discord and Ubisoft communities, and asked why this pushback felt so emotional. Finally, we concluded by covering Erdogan's...
What Rising Inflation Means for Stocks and Bonds | Harley Bassman and Jack Farley
December 22, 2021 14:00 - 57 minutesIn this episode of On The Margin Mike & Jack are joined by Harley Bassman otherwise known as 'The Convexity Maven'. Harley has spent over 35 years working at some of the largest firms including Merrill Lynch, Credit Suisse, PIMCO and now Simplify Asset Management. With an expert understanding of options, volatility & derivatives, we invited Harley for a masterclass on how investors can hedge in this market environment. Harley shares his insights into M2 money supply growth's effect on inflati...
Ray Dalio Changes his Mind on Bitcoin, Stock Buybacks Skyrocket, Everything is Money Illusion
December 18, 2021 14:00 - 43 minutesIn this week's episode, Mark and I start off with Ray Dalio's comments about Bitcoin, Gold and Ethereum. Spoiler alert - minds are being changed! Next we get into the increasing politicization of crypto, and the battle lines being drawn between the Dems and the GOP. Next we get into breadth in the Nasdaq as a potential sign of worry (thanks Bear O'Shea for the flag!), record stock buybacks amidst insider selling, and finally the growing percentage of net income explained by the stock market...
Bitcoin vs Ethereum in 2022 with Avi Felman
December 15, 2021 14:00 - 35 minutesIn this episode of On The Margin Mike is joined by returning guest Avi Felman. Avi is the Co Portfolio Manager at BlockTower Capital and joins us to share his updated outlook on the market. Avi discusses the key trends in the crypto market from Bitcoin & Ethereum, value vs momentum, the layer-1 wars & more. -- Ledger: This episode is brought to you by Ledger, your secure gateway to buy, exchange and grow your crypto. Combine a Ledger hardware wallet with the Ledger Live app to access all you...
November Inflation Tops 6.8%, Evergrande Defaults on its Debt, Bitcoin's Next 6 Months
December 11, 2021 14:00 - 1 hourIn this week's episode, Mark returns from his two week hiatus (woo!). We quickly got into November's 6.8% CPI print, which was the highest in 39 years. We discussed the factors driving inflation, and whether or not they pointed towards transitory or permanent inflation. Next we covered the Evergrande default, and whether or not the resultant fall out is cause for concern. We moved through skyrocketing household debt, a slowing global credit impulse, and whether or not the world is headed f...
2022 Crypto Theses with Ryan Selkis
December 08, 2021 14:00 - 1 hourIn this episode of On The Margin Mike is joined by Ryan Selkis Co-Founder & CEO at Messari. Having released the 150+ page 'Crypto Theses for 2022' report, we invited Ryan to the show to discuss the most important trends to look out for in the industry. Mike & Ryan discuss the Layer-1 wars, venture capital investment in crypto, NFTs 100x potential, regulation for crypto & DAOs, Ryan's market outlook for 2022 & so much more. Link to the full report - https://messari.io/crypto-theses-for-2022 --...
Why Investors Are Running Away From Stocks | Weekly Roundup
December 04, 2021 12:00 - 56 minutesWith Mark out, we have special guest filling in, Blockworks’ video journalist Jack Farley. We make sense of the recent bout of market volatility, with bond yields plummeting and tech stocks selling off hard. Mike and Jack explore market anomalies such as stay-at-home darlings like Zoom ($ZM) failing to serve as hedge against bad COVID news, and the tremendous surge in the VIX despite the fact that the S&P 500 is only a few points below its all-time-high. We also talk yield curve flattening, ...
Roadmap To Crypto’s $10 Trillion Market cap | Ben Cowen
December 01, 2021 14:00 - 1 hourIn this episode of On The Margin Mike is joined by Into The Cryptoverse CEO Benjamin Cowen. Ben is a cryptocurrency market analyst providing education to his 600,000+ subscribers about the metrics that are driving the market. In this episode we discuss Plan B's Stock to Flow Model, Ben's diminishing returns thesis, crypto market cycles, institutional demand for Bitcoin, how to prepare for the next bear market and so much more. -- Ledger: This episode is brought to you by Ledger, your secure g...
Crypto's Last Cycle, Metaverse Mania, and an NFT Bear Market with Avi Felman | Weekly Round Up
November 27, 2021 18:00 - 41 minutesMark is taking some well deserved family time for this episode SO we have a special guest filling in, Avil Felman of BlockTower. Avi is deep in the crypto ecosystem and a born trader, this episode was a blast. We covered Thanksgiving's sell off, whether or not we are in a supercycle, the hype around the metaverse, and what he sees happening in the NFT market. Not an episode to miss, hope you all enjoy. -- Ledger: This episode is brought to you by Ledger, your secure gateway to buy, exchan...
How Media Created The Great American Divide with Demetri Kofinas
November 24, 2021 14:00 - 51 minutesIn this episode of On The Margin, Mike is joined by Demetri Kofinas, a media entrepreneur, financial analyst and host of the renowned Hidden Forces podcast. Demetri returns to On The Margin to share his thoughts on the great divide in America, the state of the media, the failing trust in institutions, the effect of globalization on the U.S worker & inflations effect on wealth inequality. -- Ledger: This episode is brought to you by Ledger, your secure gateway to buy, exchange and grow your cr...
Hillary Clinton Fears Bitcoin, Crypto Cycles and Gemini’s 400M Raise | Weekly Round Up
November 20, 2021 14:00 - 54 minutesIn this week's round up, Mark and I kick things off with some good old fashioned chart analysis. First off - credit where credit is due, I got these charts from the Bankless interview with Benjamin Cowen. Phenomenal episode, I highly recommend you check it out. We took a look at what appears to be lengthening cycles in crypto, diminishing returns of each cycle, and a general reduction in volatility. Next we went on to take a look at some economic data, mainly the Philadelphia Fed's Manufa...
Why QE Is NOT Money Printing | Emil Kalinowski & Jeff Snider
November 17, 2021 14:00 - 1 hourIn this episode of On The Margin Mike is joined by Jeff Snider of Alhambra Investments & Emil Kalinowski, Mining & Metals Researcher. Jeff & Emil are hosts of Eurodollar University, a podcast dedicated to analyzing the 2007 malfunction of the monetary system - and how its continuing disorder - affects finance, politics and society. Jeff & Emil share their thoughts on the myth of central banking, the Fed's effect on financial markets, why QE is not money printing, the interest rate fallacy & t...
Solana Conference Round Up, 6.2% CPI Print, Every Company Bets on "Metaverse" | Weekly Round Up
November 16, 2021 14:00 - 1 hourIn this week's episode, we kicked things off with an honest review of Solana's Breakpoint conference which I have been at for the past week. I had two big takeaways from the conference: 1. Solana is going to endure well beyond this market cycle 2. We are approaching a top in the current market cycle The folks at Solana absolutely hit it out of the park with this conference, and there were lots of great projects building on the ecosystem. In particular, I was most interested to hear from t...
Bitcoin — The Ultimate Inflation Hedge? Lyn Alden and Jurrien Timmer Discuss
November 10, 2021 14:00 - 1 hourIn this episode of On The Margin, Mike is joined by returning guests Lyn Alden & Jurrien Timmer. Lyn is the founder of Lyn Alden Investment Strategy and Jurrien Director of Global Macro at Fidelity. Lyn and Jurrien discuss the long term debt cycle, how the 2020's compare with other periods of history, is the traditional 60/40 portfolio dead, Bitcoin as a hedge for bonds, the effect of inflation on inequality & their outlook for the U.S Dollar. -- Ledger: This episode is brought to you by Ledg...
Wages Jump, Signs of Stress in Emerging Markets, Skeuomorphism in Crypto | Weekly Round Up
November 06, 2021 13:00 - 55 minutesIn this episode, Mark and I spent a good deal of time covering "inflation related" topics. First we dug deep into retirees leaving the workforce at an accelerated rate, and a look at the jump in wages in the banking sector. Here is the Tweet I referenced, thank you Skanda Amarnath! Next we took a look at what at first sign appeared to be signs of stress in emerging markets - high yield spreads in China, and emerging market funding stress. But we did a little digging and found a more compre...
Bloomberg Analyst: The Bitcoin Supercycle Is Here | Mike McGlone
November 03, 2021 13:00 - 51 minutesIn this episode of On The Margin, Mike is joined by Mike McGlone, the Senior Commodity Strategist at Bloomberg Intelligence. Mike shares his thoughts on the Bitcoin futures ETFs, the outlook for an Ethereum ETF, crypto market cycles, commodity price increases, the deflationary forces of technology and the incoming Bitcoin supercycle. -- Ledger: This episode is brought to you by Ledger, your secure gateway to buy, exchange and grow your crypto. Combine a Ledger hardware wallet with the Ledg...
Facebook is Meta, Investors Favor Stocks, Bond Sentiment Falls to Record Lows | Round Up
October 30, 2021 13:00 - 1 hourIn this week's show, Mark and I dive deep into investor preferences. The first chart that we look at is a fun one from Michael Batnick of the S&P since March of 09 annotated with mini investor panics (GM and Chrysler file for bankruptcy, European debt crises, multiple government shut downs, COVID, etc...). Spoiler alert: the number goes up, and dips should always be bought. Next we take a look at investor sentiment on bonds, which is the lowest it's been since 2000 according to a survey cond...
Bitcoin's Role in the War on Cash | Mike Green & Alex Gladstein
October 27, 2021 13:00 - 1 hourIn this episode of On The Margin Mike is joined by Mike Green of Simplify Asset Management & Alex Gladstein of the Human Rights Foundation. Mike & Alex sit down to debate the role of Bitcoin from opposing angles, discussing wether a Bitcoin standard benefit the U.S, what is the role of Bitcoin for those living under authoritarian regimes, government response to Bitcoin, the war on cash, CBDCs, Stablecoins & the role of sound money in society. -- Ledger: This episode is brought to you by Ledg...
Growth vs Inflation, Firefighters Pension Buys Bitcoin, FTX Raises $420 Million | Round Up
October 23, 2021 14:00 - 1 hourIn this week's round up, Mark and I cover two concepts very deeply: 1) why structural growth is falling and 2) how that impacts inflation. We spend a lot of time covering Mark's "Killer D's" Framework: Demographics, Debt, and Deflation. We also took a deep look at falling estimates for GDP growth, and the limits on how much we can trust central bankers predictions (hint: we can't). We also picked apart some charts that came to us courtesy of Jurrien Timmer of Fidelity on how inflation, comm...
Everything You Need to Know: Bitcoin ETF, Lightning Network, & Altcoins || Jeff Booth & Greg Foss
October 20, 2021 14:00 - 1 hourIn this episode on On The Margin, Mike is joined by returning guests Jeff Booth & Greg Foss. Jeff & Greg discuss breaking news as the first ever U.S Bitcoin ETF was approved and what this could mean for institutional exposure to Bitcoin. Mike, Jeff & Greg also discuss the recent developments in El Salvador as Bitcoin was made legal tender, The Lightning Network, the deflationary forces & network effects of technology, Bitcoin mining, the difference between Altcoins vs Bitcoin, the outlook for...
Enron vs Tesla, Bitcoin Futures ETF, and Coinbase NFT Market Place | Weekly Round Up
October 16, 2021 14:00 - 1 hourIn this week's episode, Mark and I kick things off with a cool bit of financial history: Goldman's buy rating of Enron three weeks before it collapsed. I love this piece because it opened the door to chatting about one of my favorite documentaries of all time, "The Smartest Guys in the Room." Mark of course was around at the time and knew folks involved on the short side, so it was particularly interesting to get his take here. That conversation segwayed into a discussion of Tesla, and the...
Deciphering the Metaverse with David Hoffman
October 13, 2021 14:00 - 48 minutesIn this episode of On The Margin Mike is joined by David Hoffman. David is Co-Founder of Bankless, a podcast exploring the frontier of crypto & finance by interviewing some of the greatest thought leaders in the industry. Mike & David discuss the evolution of crypto, how DeFi will disrupt gaming, DAOs, redefining the role of nation states in the metaverse & what the future holds for the cryptocurrency industry. -- Ledger: This episode is brought to you by Ledger, your secure gateway to buy, ...
Institutional Money Drives Bitcoin Higher, China Grapples with Energy Crisis | Round Up
October 09, 2021 14:00 - 1 hourIn this episode of the weekly round up, Mike and Mark spend a lot of time on Bitcoin's recent run above $55,000. They take a look at open interest and the rolling 1 month basis on Bitcoin futures on CME compared to other offshore exchanges like Deribit and Huobi, and what that says about institutional flows. They also take a look at Bitcoin's price action compared to previous cycles in 2013 and 2017, and the recent resumption of the seasonality trend and divergence from equities. In the la...