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Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

Jun 8, 2021

Willy Woo, on-chain Bitcoin analyst and writer of the Bitcoin Forecast, a market intelligence newsletter, and Rafael Schultze-Kraft, co-founder and CTO of Glassnode, discuss Bitcoin and what the on-chain metrics tell us about the price. Here to discuss is. Episode highlights:

  • what factors pushed the price of BTC down in May
  • why Elon’s Twitter account hold so much sway over the market
  • why Willy believes Bitcoin is good for renewable energy
  • who sold during the last month
  • which type of BTC investors stopped purchasing in Feb/March
  • what trends Willy and Rafael have noticed from coins moving to/from exchanges
  • their thoughts on exchange-traded products, like GBTC and Canadian ETFs
  • how derivatives trading has played a role in Bitcoin’s price
  • why stablecoins were trading above their peg in the months leading up to the Coinbase direct listing
  • how Willy values Bitcoin (specifically using NVT ratio)
  • whether the trend of corporate treasuries investing in Bitcoin will continue
  • how they expect Ethereum's adoption of a deflationary monetary policy to impact the price of Bitcoin
  • when the market could turn bullish once again and predictions for the rest of the year

 

Thank you to our sponsors!

E&Y: https://ey.com/globalblockchainsummit 

Crypto.com: https://crypto.onelink.me/J9Lg/unchainedcardearnfeb2 

Tezos: https://tezos.com/discover?utm_source=laura-shin&utm_medium=podcast-sponsorship-unconfirmed&utm_campaign=tezos-campaign&utm_content=hero 

 

Episode Links

 

Willy Woo

 

Rafael Schultze-Kraft

 

Glassnode

 

Willy on BTC trends:

 

Rafael on BTC trends:

 

Glassnode on BTC trends:

Deleveraging futures market: https://twitter.com/glassnode/status/1395771367958581251