The Chopping Block: Are We Back? The 'Low IQ' Response to the Potential Spot Bitcoin ETF - Ep. 561

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 26 October 2023

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner chop it up about the latest news. This week, the four discuss Bitcoin’s price surge over the past week amid growing optimism that a spot BTC exchange traded fund would win regulatory approval, an erroneous Wall Street Journal story about crypto funding to the terrorist group Hamas and AI and crypto illiteracy among leading U.S. lawmakers. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: the reasons why the price of Bitcoin has gone up so much in the last week whether Bitcoin is decoupling from the traditional stock and equity markets why Robert is convinced that Bitcoin pumped this much due to the BlackRock ETF news what an ETF is and why it could be a big deal for Bitcoin whether the analogy to the gold ETFs works for Bitcoin how an inaccurate report from the Wall Street Journal about Hamas' usage of crypto sparked so much criticism within the crypto community why that crypto is not a good venue for illicit financing how the US political class is 'illiterate' about AI and crypto, according to Tarun Hosts Haseeb Qureshi, managing partner at Dragonfly Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Tarun Chitra, managing partner at Robot Ventures Disclosures Links Recent coverage of Unchained on spot Bitcoin ETFs: Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10 Why It Looks Like BlackRock Could Win America’s First Spot Bitcoin ETF Bitcoin ETFs Unchained: Bitcoin Soars Past $35,000 Amid Spot ETF Optimism Bitcoin ETFs Explained: What Are They & How Do They Work? South China Morning Post: China’s stock market fund outflows add to biggest capital flight since 2016: Goldman Regulation: Reuters: US lawmakers urge White House crack down on Hamas use of crypto after Israel attack Forbes: Elizabeth Warren Is Building An ‘Anti-Crypto Army’—Feeding Serious U.S. Bitcoin Ban Warnings WSJ: Hamas Militants Behind Israel Attack Raised Millions in Crypto Cryptoslate: Crypto community accuses WSJ of exaggerating Hamas crypto funding by 99% Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I don't want to say we're back or we're so back, but, you know, as an industry, I think
0:04.8	there's a little bit of animal spirits that are creeping into all the conversations.
0:10.2	And I think it's energizing for investors, for founders, for speculators, for media,
0:16.2	you know, there's some mojo coming back.
0:18.5	Not a dividend.
0:19.5	It's a tale of two puns.
0:20.5	Now your losses are on someone else's balance.
0:23.0	Generally speaking, air drops are kind of pointless anyways.
0:25.5	I'm in a trading firm, so we're very involved.
0:28.5	I like to eat the ultimate.
0:31.1	DeFi protocols are the antidote to this problem.
0:33.6	Hello, everybody.
0:34.6	Welcome to the chopping block.
0:36.4	Every couple of weeks, the four of us get together and give the industry insider's perspective
0:39.6	on the crypto topics of the day.
0:41.6	So quick intro is first you've got Tom, the DeFi Maven and Master of Memes.
0:44.6	Hi.
0:45.6	That's what I got.
0:46.6	I don't know.
0:47.6	I don't know.
0:48.6	I don't know.
0:49.6	I feel like there's no way to do that.
	...

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