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Mr Obnoxious

Bitcoin v the Banking Rails with Willy Woo - WBD390

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.82.7K Ratings

🗓️ 27 August 2021

⏱️ 76 minutes

🧾️ Download transcript

Summary

Location: Remotely
Date: Thursday 26th August
Company: Hypersheet
Role: Co-Founder

Bitcoin’s price had been trending lower for most of the summer, but after bottoming out just below $30k, it went on a run-up to $50k.

Despite the market moves, there have been plenty of other signals that indicate bitcoin might break its four-year cycle.

On-chain metrics indicate that this recent upward trend might be a warm-up for what’s to come. Long-term holders are accumulating, rumours of a Bitcoin ETF coming to the US are swirling, and it could all converge on a massive supply shock.

In this interview, I talk to on-chain analyst and the co-founder of Hypersheet, Willy Woo. We discuss traditional payment rails, making Bitcoin content, the recent price run and the evolving bitcoin cycle.

Transcript

Click on a timestamp to play from that location

0:00.0

This cycle is not a 2013 double pump in a blow-off top. This is completely different.

0:09.5

This is the new 2020 onwards cycle, which we've never seen before.

0:15.0

Hello there from Texas, the Bitcoin capital of the United States.

0:19.0

How are you all doing?

0:20.0

Welcome to the What Bitcoin did podcast, which is brought to you by Gemini the only place I am using for

0:25.6

buying bit coin I'm your host Peter McCormack and today I've got an

0:28.9

interview with our boy willy woo before that I do have a message from my show sponsors and first up today we have

0:36.1

Gemini who I am exclusively using for buying and selling Bitcoin but as ever as I keep

0:41.4

telling you I'm not selling any Bitcoin right now. I am only buying Bitcoin and I have been using the Gemini app for buying the Dives, but also I have set up my DCA with twice monthly buys of Bitcoin and I'm yet to see a better interface for buying

0:56.0

Bitcoin.

0:57.0

With a streamlined trading view you have access to all the tools you need to understand

1:01.1

Bitcoin and start investing all through one clear attractive interface.

1:05.8

If you want to find out more please head over to gemini.com, which is geminini.com.

1:11.9

Next up we have it's Revolute and as you all know.

1:14.6

Because I've been going on about this for ages.

1:16.7

Lloyse T-S-B, my bank of 25 years,

1:19.4

closed down all of my accounts recently.

1:21.7

They clearly don't like Bitcoin. And do you know what happened?

1:25.0

Revolute. They reached out to me and they said, Peter, we like Bitcoin. Come on, jump over to us.

1:29.9

So I moved everything over to Revolute. It took me about two hours and I am now a

1:33.7

Revolute customer and you know what more importantly they like Bitcoin and

1:37.3

they want to make it easy for you to transfer to exchanges and now Revolute are

...

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