Talk Your Book: Bitcoin Fundamentals

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 13 November 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show, Michael Batnick and Ben Carlson are joined by Chris Kuiper, Director of Research at Fidelity Digital Assets to discuss: fundamental reasons Bitcoin is outperforming in 2023, illiquid Bitcoin values and supply/demand affects on digital assets, what Ethereum's different layers represent, and much more! Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at animalspirits@thecompoundnews.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Animal Spirits Talk Your Book is brought to you by Fidelity Digital Assets.
0:04.0	Go to Fidelity Digital Assets.com to download their quarterly signals report to learn
0:08.1	more about Bitcoin, other cryptocurrencies, that's Fidelity Digital Assets.com.
0:15.0	Welcome to Animal Spirits, a show about markets, life and investing.
0:19.0	Join Michael Batnik and Ben Carlson
0:21.0	as they talk about what they're reading, writing, and watching.
0:24.0	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of
0:29.0	Redhol's wealth management.
0:30.8	This podcast is for informational purposes only and should not be relied upon for any investment decisions.
0:36.0	Clients of Ritholz wealth management may maintain positions in the securities discussed in this podcast. The podcast. Welcome to Animal Spirits with Michael and Ben.
0:47.0	Uh, all right, so, Bitcoin is 100% off the lows, but it's still 50% off the highs.
0:54.0	I still can't believe it didn't go to like 5,000 with everything that happened.
0:58.0	We were talking about it at the time, like,
0:59.0	Bitcoin should be trading at 5,000.
1:01.0	I say this every cycle, it feels feels like but the most impressive thing about
1:04.8	Bitcoin is the fact that it just won't die. Every cycle, don't act like you've, like you're, like you were here in previous
1:10.0	cycles. Well, we've been doing this. This is your... Sun, this is your first cycle.
1:14.5	Okay, you can't pull off Sun, first of all. Second of all... No one can. We've been doing
1:21.8	this since like 2017. How many cycles have there been in that time? Like eight it feels like it. It just but what I was going to ask you is is it a bull market or we sell in a bear market? Oh, that's a good question. It doesn't feel like a bull market yet, does it?
1:33.0	Not really. In fact, no, it does not.
1:36.0	No, there's not a lot of craziness going on or chest thumping.
1:40.0	When's the last time somebody outside of finance asked you about Bitcoin?
	...

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