What the Elites at Davos Really Think of Bitcoin - FedWatch 128

Published: Jan. 20, 2023, 4:11 p.m.

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Hosts: Ansel Lindner and Christian Keroles

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Special guest host: Nolan @countbtc

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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.

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(links below or at bitcoinandmarkets.com/fed128)

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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.

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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.

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Davos had a panel where they discussed the \\u201ccrypto\\u201d industry, because they are too scared to say \\u201cbitcoin\\u201d and give it special attention. We breakdown several aspects of what the panel said. I can sum it up as follows, \\u2018we need to find a way to regulate bitcoin so our client who want to invest and make gains still can. So, we don\\u2019t want to kill it. We also, don\\u2019t want to give it legitimacy through regulation, because that will eat away at our control of money. But it\\u2019s not all that important anyway, so don\\u2019t attract attention to it by treating it as such.\\u2019 Something like that.

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The BIS report was very interesting. They are looking for ways to stop bitcoin, but they had to conclude that it can\\u2019t be banned or contained. It can be regulated, but that brings up a myriad of very hard questions that they don\\u2019t know how to answer yet.

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

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THIS EPISODE\\u2019S SPONSORS:

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Moon Mortgage - https://www.moonmortgage.io

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CrowdHealth - https://www.joincrowdhealth.com/bitcoin

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Bitcoin 2023 Miami - https://b.tc/conference/

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Bitcoin Magazine - https://store.bitcoinmagazine.com/

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Bitcoin Magazine Pro - https://bitcoinmagazine.com/tags/bitcoin-magazine-pro

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