Episode Details

A Bullish Timeline Cleanser With Checkmate
7/14/2024
The Gwart Show | Bitcoin Tech & Culture β†—

Key Insights

Bullish:

  • 🟒 $BTC - Discussing the potential of Bitcoin as pristine collateral, its role in a dual money system, and its resilience in the market.
    • β€œI think Bitcoin's in a fantastic position... being there for when this happens is what you wanna do.” - Checkmate (0:00)
    • β€œBitcoin is pristine collateral. It's just an it's an obvious one, and we're seeing more and more institutions just being really honest and saying, like, there's Bitcoin and there's everything else.” - Checkmate (0:00)
    • β€œI think pristine collateral is the right framework. I really do think that we're gonna have a... dual money system where you've got sound money and as your savings vehicle, then you've got cash that moves around.” - Checkmate (0:00)
    • β€œI think the age of the central banker is over... We have now entered the age of the politician.” - Checkmate (0:00)
    • β€œI think there's a lot of bearishness given the fact that we're down 25%, and normally, we're down 30, 40.” - Checkmate (0:00)
    • β€œI think the number one factor is everybody was expecting the same movie as last time, which is that we get this capital waterfall, Bitcoin, Ethereum, l ones, DeFi, NFTs, and then the furthest path, which is memes.” - Checkmate (0:00)
    • β€œI think the HODLers still dominate this market. They are still, you know, 4 times larger than the ETFs.” - Checkmate (0:00)πŸ”’
    • β€œI think the ETFs are an a trad fight API into Bitcoin. I think it's a really good way to think about it.” - Checkmate (0:00)πŸ”’
    • β€œI think the big ones held up remarkably well, so it keeps me quite optimistic.” - Checkmate (0:00)πŸ”’
    • β€œI think there will be some energy companies who have just a little liquid layer of Bitcoin on their balance sheet.” - Checkmate (0:00)πŸ”’
    • β€œI think there is a case for it to be made... I do believe there is a case for it to be made.” - Checkmate (0:00)πŸ”’
    • β€œI think the security budget isn't the thing that's keeping it secure in the first place.” - Checkmate (0:00)πŸ”’
    • β€œI think the long run of Bitcoin mining too is... Bitcoin miners in the long run may very well not be mining companies first and foremost.” - Checkmate (0:00)πŸ”’
    • β€œI think the long run of mining to me too... I've always thought the security budget was like propaganda push.” - Checkmate (0:00)πŸ”’

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