The fact is, you don’t have to worry.Listen to this episode:
Don’t forget to subscribe to the new Fed Watch: Bitcoin and Macro feed. It will be separate from Bitcoin Magazine. Exclusive to the new feed, you’ll find our next interview with the great Max Kaiser. Search for “Fed Watch – Bitcoin and Macro” in your podcast app.
In this episode of Bitcoin MagazineFed Watch, Christian Keroles and Ansel Lindner discuss the broad macroeconomic atmosphere in which bitcoin finds itself. They talked about bitcoin mining, price, the dollar, commodities and the economy in general. In many ways, markets are quiet before the storm. After the 2020 crash and subsequent rally have run, markets will resume previous trends.
In our bitcoin mining commentary, we focus on the hash rate behavior of recent months and the unique market for mining platforms worldwide. The hash rate has not increased proportionally with price, and miners are currently benefiting from fairly high margins. Why there has not been more hash speed on the market is discussed at length. Worryingly here is the breakdown of the supply chains from China. China is currently where many of the mining platforms are manufactured, and it is where there are large marginal players in hashish. Supply chains are likely to lag and break at the same time. Businesses can struggle financially at the same time as having order backups. Lindner and Keroles hope to get a mining expert on the show soon for an interview to ask them some of these important questions that are largely misunderstood, even by Bitcoin experts.
The hosts also had an engaging discussion of social media, community building and gaming. The Bitcoin and Markets podcast community has built a valuable community on Discord and has slowly moved away from Twitter over the past year. Smaller communities where you can build relationships instead of followers could be the future trend.
They closed the episode and talked about macro trends and the bitcoin price. It’s important to put this rally in the context of both bitcoin’s past behavior and the current macro climate. What role does bitcoin play in an era when employment and solvency are no longer taken for granted? It takes years or even decades to transform economies into new realities. Bitcoin will not move up in a straight line. The price opened the year at $ 28,999, and after just 20 days, many people believe there is no way the price could break below that level again in a short term consolidation. Nothing goes straight up.
All that, and more, is covered in this episode. Do not miss it.