#1007 Nic Carter On The Systemic Issues In American Financial System

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 16 June 2022

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Nic Carter is a Partner at Castle Island Ventures and is a Co-Founder of Coin Metrics In this conversation, we talk about the Bitcoin price crash and all the factors that have led up to the crash. Nic helps to break down Celsius & stETh, discusses why Bitcoin may no longer be an inflation hedge, and why the price of Bitcoin may continue to drop due to selling by miners. ======================= Bullish is a powerful new exchange for digital assets that offers deep liquidity, automated market making, and industry-leading security. Combining the innovations of DeFi with the regulated environment of traditional finance, Bullish empowers users to trade with certainty and earn passively at scale across variable market conditions, in an environment backed by multibillion-dollar liquidity contributions from the Bullish Treasury. Visit bullish.com/pomp today to learn more. Note: Bullish is licensed by the Gibraltar Financial Services Commission. Virtual assets and related products are high risk. Consult your investment advisor and trade responsibly. Bullish is available in select locations only and not to U.S persons. Visit bullish.com/legal for important information and risk warnings. ======================= Since 2018 Copper has been at the forefront of institutional digital asset development. From award winning custody solutions, to creating the first truly off-exchange settlement function, Copper pioneers technology, products, and services, in lock-step with a rapidly changing world. No other infrastructure provider covers as many assets, across as many exchanges, with the speed and security that Copper can offer. To learn how Copper helps the world’s largest institutional investors secure their digital assets, head over to copper.co Copper - the unfair advantage. ======================= Compass Mining is the world's first online marketplace for bitcoin mining hardware and hosting. Compass was founded with the goal of making it easy for everyone to mine bitcoin. Visit http://compassmining.io to start mining bitcoin today! =======================

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp
0:07.4	podcast, simply the best podcast out there. Now let's kick this thing off. Nick Carter is a partner
0:13.3	at Castle Island Ventures and also a co-founder of Coin Metrics. In this conversation, we talk about
0:18.8	Bitcoin, the various aspects of the crypto market, macro
0:22.5	environment, the Federal Reserve, many of the Bears, and also how he is looking to the future.
0:28.6	I really enjoyed this conversation with Nick, and I hope you guys enjoy it as well.
0:32.2	Before we get in this episode, though, I first want to talk about our sponsors.
0:35.2	This episode is brought to you by Bullish.
0:37.2	Bullish has reinvented the digital asset exchange.
0:39.5	They give you access to D5 features like automated market making and liquidity pools all in a regulated environment.
0:45.0	It's a whole new way to generate alpha.
0:47.1	Seems like something that game changing should be making some noise, right?
0:50.5	Well, bang, bang it is.
0:52.3	Bullish's total trading volumes have exceeded $25 billion, just
0:55.6	seven months since it launched in November. And in May, they exceeded $2 billion in total daily
1:00.2	trading volumes for the first time. That's obviously massive. So why all the traction? Well,
1:05.0	get this. Bullish offers the deepest liquidity on the planet for the Bitcoin to USD market.
1:09.8	That's right, deeper than any
1:10.8	other exchange in the world, according to bullish. With a recent upgrade, introducing rangebound
1:15.2	liquidity to its hybrid order book, bullish has tripled order book depth for BTC USD trading
1:20.2	pairs, and it measured by bids and offers within 2% of the market price. This industry leading
1:25.5	order depth means you can trade confidently when you want at scale with better pricing and lower risk, all within a regulated market price. This industry leading order depth means you can trade confidently when you
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