#522: Will Clemente on Bitcoin Analytics

Pomp Podcast

Podcast Notes Key Takeaways Bitcoin’s fixed supply is the missing constant in the financial markets.Bitcoin, as deflationary sound money, incentivizes saving and allows people to get ahead. The world is becoming cheaper for bitcoin holdersPrevious bitcoin adoption cycles saw a rise in bitcoins deposited on exchanges. By contrast, the current price rise is coupled with diminishing bitcoin reserves on exchangesInvestors looking to arbitrage the spreads between futures and spot have to over-collateralize to borrow coins, this collateral is taken off the market and locked in escrow.This is a self-enforcing positive feedback loop: more coins taken off exchanges drive the price and volatility higher, which increases spreads and causes more people to take the tradeSpeculative attacks involve leveraging a weak currency to acquire a hard currency. An example in action is Michael Saylor issuing debt notes at 0% to acquire more bitcoinsBitcoin lending rates are rising in the free market. We will see complete asset repricing when markets recognize bitcoin yields as the real risk-free rate

Read the full notes @ podcastnotes.org

Will Clemente is a Finance Major at East Carolina University. He has quickly become one of my favorite writers on all things bitcoin, including deep dives on various onchain analytics.

In this conversation, we discuss macroeconomics, quantitative easing, interest rates, universal basic income, bitcoin analytics, miner accumulation, and why sound money is inevitable. 

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