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TFTC: A Bitcoin Podcast

#515: Understanding the Bitcoin Cash and Carry Trade with James Check

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 18 June 2024

⏱️ 98 minutes

🧾️ Download transcript

Summary

Marty sits down with James Check to discuss bitcoin cash and carry.


James on Twitter: https://x.com/_Checkmatey_

Checkonchain: https://charts.checkonchain.com/

Newsletter: https://newsletter.checkonchain.com/


0:00 - Intro

0:50 - Exposition

8:45 - Aussie ETF and in-kind withdrawal

12:04 - River & Unchained

13:20 - What Jim Bianco is missing

21:18 - Who is making the trade

26:03 - Gradually, Then Suddenly & Zaprite

27:40 - Coinbase

30:36 - Realized capital

39:19 - Don’t whale watch

41:59 - Engineering and on-chain analysis

49:09 - Checkonchain analysis framework

55:11 - Wall Street using the data

57:10 - What would disprove the model?

1:00:25 - Profit/loss ratio

1:04:40 - Time off, Will the cycles continue?

1:11:58 - Price prediction

1:15:39 - Managing generational wealth

1:20:04 - Bitcoin in bad economic times

1:28:15 - Bitcoin improving politics and energy

1:35:13 - Wrapping with plugs



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Transcript

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0:00.0

This rip of TFTC was brought to you by River.

0:07.5

It's the best place to buy Bitcoin.

0:09.7

Go to river.com slash TFTC and enjoy this episode. You've had a dynamic where money has become freer than free.

0:24.7

If you talk about a Fed just gone nuts, all the central banks going nuts.

0:30.3

So it's all acting like safe haven.

0:32.5

I believe that in a world where central bankers are tripping over themselves to devalue their currency,

0:38.3

Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor.

0:42.3

I mean, that's part of the bold case for Bitcoin.

0:45.3

If you're not paying attention, you probably should be.

0:48.3

James Check, welcome to the show. Long time coming. Gidey Marty, it's great to be here, mate.

0:56.0

It's great to have you.

0:58.0

I'm going to talk about a lot. I feel like we can dive into a lot of topics here.

1:04.0

I've reached out to you though, because I'm an idiot when it comes to this cash and carry trade

1:09.0

and how the futures markets may or may not be

1:12.3

affecting price particularly with the launch of the bitcoin ETFs which have launched with a lot of

1:20.1

success i think they now collectively hold over a million bitcoin over a million yeah yep and i mean

1:26.4

undisputedly the most successful ETS in history.

1:28.8

And I just can't think of any asset that could beat it. So I think it's going to hold that

1:33.0

record for a long time. And I think it's just the beginning too, especially when you factor in the

1:37.3

fact that RIAs haven't gotten the green light yet. There's a bunch of capital still waiting

1:43.8

on the sidelines.

1:45.7

And there could be some mechanical levers that are just unleashed.

...

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