The Bitcoin Supercycle Revisited with Dan Held - WBD341
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 28 April 2021
⏱️ 67 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Tuesday 27th April Company: Kraken Role: Growth Lead
When Dan Held first wrote about a possible bitcoin supercycle back in 2019, the idea seemed far fetched. The bitcoin price was just under $10,000, and we were a few months away from the first reported cases of COVID-19.
Now, 18 months on from that tweet, the idea of a supercycle is gaining traction. With governments around the world resorting to astonishing amounts of monetary and fiscal policy to temporarily prop up economies in response to COVID-19, the case for bitcoin has never been so clear. A new wave of investors has arrived, with bitcoin offering them a life raft from fiat currency debasement.
In early February, Dan Held came on the show to discuss the Supercycle thesis, and since then, the price of bitcoin is up over 50%. Still, more critically, Tesla bought $1.5 billion worth of bitcoin in a move that plays nicely into the supercycle theory.
In this interview, I talk to Dan Held, the Growth Lead at Kraken. We discuss his supercycle thesis, the macro elements that make this cycle different and why traditional investors are waking up to bitcoin.
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Transcript
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| 0:00.0 | The TILDR of the Super Cycle Theory, what happens when the world wakes up to Bitcoin? |
| 0:09.0 | Hello there from Bedford in the United Kingdom, the Bitcoin Mecca of the world. |
| 0:13.6 | How are you all doing? |
| 0:14.8 | It's a big week this week. |
| 0:16.3 | Lots of content coming out. |
| 0:17.4 | Sorry, it must be ball-run stuff. |
| 0:19.5 | I've had so many people reach out who want to come on the show and also some shows we really want to make and |
| 0:25.3 | we've got to the end of April and we're basically having to release a show every day this week. |
| 0:30.5 | So sorry if it's too much or you can't get through at all but I hope you |
| 0:34.5 | enjoy the work we're doing and just a big shout out to Ben and Danny who work with me |
| 0:38.7 | who are doing an absolutely amazing job big thanks to them. Okay, welcome to the What |
| 0:44.2 | Bitcoin did podcast which is brought to you by Gemini, the only place I am |
| 0:47.7 | using to buy Bitcoin. I'm your host Peter McCormack and today I've got an |
| 0:51.1 | interview with my buddy Dan Held where we are revisiting his super cycle thesis. |
| 0:56.0 | But before that I do have a message from my show sponsors. |
| 0:59.0 | First up today we're going to be kicking off with Kasser. |
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| 1:11.4 | customer for coming up to a year now and I'm about to upgrade to a diamond package. |
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| 1:19.0 | Now you also need to be considering this. |
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