Episode notes
Hosts: Ansel Lindner and Christian Keroles
Special guest host: Nolan @countbtc
Fed Watch is a macro podcast with a clear contrarian thesis of a deflationary breakdown of the financial system leading to bitcoin adoption. We question narratives and schools of thought, and try to form new understanding. Each episode we use current events to question mainstream and bitcoin narratives across the globe, with an emphasis on central banks and currencies.
(links below or at bitcoinandmarkets.com/fed128)
In this episode, I was once again joined by special co-host Nolan to go through the upcoming US debt ceiling debate, December US Producer Price Index (PPI), bitcoin at Davos 2023, and a new report from the Bank of International Settlements (BIS) discussing how to stop bitcoin. It was a fun and jam-packed episode.
The December PPI was a shocker, -0.5% month-over-month for the headline number. Goods PPI was -1.6% and energy was -7.9%. These are large negative numbers and when paired with the Consumer Price Index (CPI) for December show a seachange in these so-called inflation metrics. Everything is pointing to a rapid and sudden reversal of these price measures.
Davos had a panel where they discussed the âcryptoâ industry, because they are too scared to say âbitcoinâ and give it special attention. We breakdown several aspects of what the panel said. I can sum it up as follows, âwe need to find a way to regulate bitcoin so our client who want to invest and make gains still can. So, we donât want to kill it. We also, donât want to give it legitimacy through regulation, because that will eat away at our control of money. But itâs not all that important anyway, so donât attract attention to it by treating it as such.â Something like that.
The BIS report was very interesting. They are looking for ways to stop bitcoin, but they had to conclude that it canât be banned or contained. It can be regulated, but that brings up a myriad of very hard questions that they donât know how to answer yet.
Thanks for joining us. If you are reading this, hit the like and subscribe button!
THIS EPISODEâS SPONSORS:
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