FedWatch 149 - Bitcoin Pump vs CBDC Obsession

Published: June 23, 2023, 7:45 p.m.

b'

Hosts: Ansel Lindner and Christian Keroles

\\n

Watch this Episode: YouTube\\xa0 ||\\xa0 Rumble\\xa0

\\n

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.\\xa0

\\n

Find all charts and links at bitcoinandmarkets.com/fed149

\\n

In this episode, Nolan and I discuss all the big news items of the week having to do with central banks and bitcoin. We start by talking about Bitcoin ETFs and the tidal wave of filings, we bring Producer Chris in to give his perspective as well, what it means for bitcoin. Next, we watch a couple Jerome Powell clips from his testimony in front of Congress, specifically his comments on "crypto" and CBDCs. At the end of the show, we discuss the collapse of the Chinese yuan (CNY) and what it can tell us about the state of, not only the Chinese economy, but also the global economy.

\\n

In our Bitcoin ETF discussion, we hit on the curious timing of the Blackrock filing in relation to the SEC action against Coinbase and Binance, we speculate on the timing of any approval, its likelihood, and the whole Blackrock versus Grayscale debate.

\\n

The CBDC discussion is an interesting one. Federal Reserve Chairman Powell was testifying in front of Congress and said very bluntly, they are not pursuing a retail CBDC. He did say, if they were to pursue a CBDC, which they are not at this time, it would be a wholesale type CBDC.

\\n

The IMF managing director Kristalina Georgievahe came out the same day saying, the IMF is still, "working hard on the concept of a global CBDC platform," conflicting with earlier statements only a couple months ago said, "we think that wholesale CBDCs can be put in place with fairly little space for undesirable surprises, whereas retail CBDCs completely transform the financial system in a way that we don\\u2019t quite know what consequences it could bring."

\\n

Next, on the CBDC front, we cover the arrest of Central Bank of Nigeria Governor Godwin Emefiele, the designer behind the country\'s war on cash and disastrous CBDC rollout.

\\n

We end the episode by looking into the Chinese yuan and discuss what we can learn about the current state of the global economy and what a failing China means going forward.

\\n

Thanks for joining us! If you are reading this, hit the like and subscribe button!

\\n

Constant updates on bitcoin and macro

\\n

Free weekly Bitcoin Fundamentals Report

\\n

Ansel Lindner On Twitter

\\n

Christian Keroles On Twitter

\\n\\n

If you enjoy this content please LIKE, SUBSCRIBE, REVIEW on iTunes, and SHARE!

\\n

Written by Ansel Lindner

\\n

Find More and Follow

\\n

THIS EPISODE\\u2019S SPONSORS:

\\n

River

\\n

Bitcoin 2024 Nashville

\\n

Bitcoin Magazine

\\n

Bitcoin Magazine Pro

\\n

Bitcoin Amsterdam

\\n


'