Nic Carter, general partner at Castle Island Ventures, and cofounder and chairman of Coin Metrics, explains  why the Bitcoin price has been rising without the retail bubble seen in 2017-2018. In this episode he covers:
  how this Bitcoin rally differs from the ones in 2017-2018 and why the market is much more mature
 how much the pandemic and other macro forces this year have helped propel Bitcoin
 what it says that the number of Bitcoin addresses with $10 or more worth of bitcoin are is at 18 million now, compared to 2014 in the 2017-2018 bubble
 the significance of realized cap, and why there's less pressure to sell now since the current cost basis of all bitcoins is much higher than in the bubble
 the significance of the fact that open interest in CME Bitcoin futures hit $1 billion this week — and why, even though they're cash-settled, they do impact the Bitcoin price
 what the appreciation of the Bitcoin price in other countries' currencies such as Turkish lira means
 what it means that the stablecoin free float has grown from $1.5 billion in the last bubble to $23 billion during this rally
 what he makes of the theory that Chinese miners are having difficulty to sell their BTC being a driver of the price rise
   
 Thank you to our sponsor!
 Crypto.com: http://crypto.com
  
 Episode links:
 Nic Carter: https://twitter.com/nic__carter
 Castle Island VC: https://www.castleisland.vc
 Coin Metrics: https://coinmetrics.io 
  
 Nic’s post:  https://medium.com/@nic__carter/nine-bitcoin-charts-already-at-all-time-highs-78abbfe82804
  
 Chinese miners unable to sell BTC:  https://www.coindesk.com/bitcoins-rally-supply-crunch-in-china 
 Dispute with this report:  https://twitter.com/WuBlockchain/status/1328893579515682816?s=20
  
 CME Bitcoin open futures surpasses $1 billion:  https://www.theblockcrypto.com/linked/85045/cme-bitcoin-futures-1-billion-open-interest
  
 Link to the Crypto News Recap:
  https://unchainedpodcast.com/what-info-will-come-out-in-the-binance-lawsuit/

9 Ways Bitcoin Is at an All-Time High - Ep.152

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