THE HASH: Balaji's $1M Bitcoin Bet; Sen. Warren Calls Fed Chair Powell a Failure

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 21 March 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Monday, March 20, 2023. "The Hash" tackles today's hot topics: What bitcoin futures are signaling. Former Coinbase CTO Balaji Srinivasan wagers a bet that bitcoin will hit $1 million in 90 days. Warren Buffett has reportedly been in touch with the Biden White House as the regional banking crisis unfolded. Plus, Sen. Elizabeth Warren calls Fed Chairman Jerome Powell a failure. See also: Open Interest in Bitcoin Futures Hits Yearly High of $12B - This episode has been edited by Adrian Blust.. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.” - Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code THEHASH to get 15% off your pass. Visit coindesk.com/consensus See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This is the hash podcast.
0:10.2	Stay informed with the latest on Bitcoin,
0:12.5	eat, the Metaverse, Web3, and more.
0:15.4	All on the hash for your ears.
0:18.9	You're listening to the Coin Desk Podcast Network.
0:24.4	Hey there, happy Monday.
0:26.6	Welcome to CoinDest TV.
0:28.0	It's the hash.
0:29.0	I'm Zach Seward.
0:29.8	We got Wendy O.
0:31.0	We got Will Foxley.
0:32.5	We are talking about Bitcoin.
0:35.3	Let's start off with some Bitcoin talk.
0:37.3	Wendy, can you start us off with some Bitcoin talk. Wendy, can you start us off with some
0:38.8	Bitcoin talk? Yes, we actually closed above $25,200 support and flipped it into resistance. And I'm
0:46.6	excited. And the current crypto cap, including Bitcoin, is currently at about $1.13 trillion. So yay. And of course, open interest in Bitcoin futures hits yearly
0:56.6	high of $12 billion, which makes sense because we have some positive price action.
1:00.9	So the dollar value locked in the number of open Bitcoin future contracts is on the rise.
1:05.7	Coinglass data shows a nominal value of open interest has reached a yearly high of $12 billion,
1:10.1	and that's a 7%
1:11.5	gain this month, which again, makes sense, positive price action. Increase in open interest
1:16.5	means new money is flowing into the market, but doesn't reveal whether traders are positioning
	...

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