The worlds of macro finance and crypto are continuing to draw closer together. On the Margin will host some of the greatest minds in the world of asset management, markets, and discuss how ideas that were once on the margin are now becoming mainstream.
The BTC/ETH ETF Flows Are Just Getting Started | Matt Hougan
In this episode, Matt Hougan joins the show to discuss BTC vs ETH ETF flows, the biggest ETF misconceptions, and the importance of regulatory clarity. We also delve into the value of incorporating BTC in a portfolio, future crypto ETF strategies, and much more. Enjoy!
—
Follow Matt Hougan: https://x.com/Matt_Hougan
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/Blockworks_
—
Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join.
Start your journey today at polkadot.com/get-started
MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
Learn more: https://www.mantrachain.io/
—
Timestamps:
(00:00) Introduction
(01:51) BTC vs ETH ETFs
(03:18) Success of BTC ETFs
(04:28) Marginal Buyers of Crypto ETFs
(06:49) Lackluster ETH ETF Flows
(08:45) Surprise ETH ETF Approval
(09:56) Value Proposition of Ethereum
(12:41) Sacrificing ETH Utility in ETF Wrapper
(13:55) Crypto ETF Options
(18:38) The Future of Crypto ETFs
(21:51) Bitwise Filing Process
(23:27) Biggest ETF Misconceptions
(26:17) Advertisements
(27:32) Compliance Process
(29:43) Election & Regulation
(33:18) Regulatory Clarity
(36:03) Incorporating Bitcoin Into A Portfolio
(40:00) Gold vs BTC
(42:10) Crypto Market Forecasts
(44:29) Learn More About Matt & Bitwise
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
10/17/2024 • 45 minutes, 53 seconds
The Economy is in Goldilocks | Ram Ahluwalia
In this episode, Ram Ahluwalia joins the show to discuss his macro view of markets, why he thinks we’re in goldilocks, and his thought process for asset allocation. We also delve into NVIDIA and AI, factor investing, and the role of risk-adjusted returns. Enjoy!
—
Follo Ram: https://x.com/ramahluwalia
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/Blockworks_
—
Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join.
Start your journey today at polkadot.com/get-started
MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
Learn more: https://www.mantrachain.io/
—
Timestamps:
(00:00) Introduction
(01:56) Ram & Lumida Wealth
(02:32) Macro Overview
(05:54) 50 Bps Cut Was a Mistake
(07:19) Economic Goldilocks
(11:27) Fed Mandate
(12:33) Cutting Cycle Path
(14:32) The Neutral Rate & Animal Spirits
(17:05) Election Impact on Markets
(18:55) Advertisements
(20:11) Asset Allocation Strategies
(25:27) NVIDIA & AI
(28:55) Factor Investing
(33:09) Mathematical Model Shortfalls
(35:53) Risk-Adjusted Returns
(39:24) Digital Asset Framework
(45:40) Market Outlook
—
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
10/15/2024 • 49 minutes, 25 seconds
The Great BTC ETF Debate: Bearish or Bullish?
In this episode, Jim Bianco and James Seyffart join Felix at Permissionless to discuss who has been buying the BTC ETFs, whether ETFs are consistent with crypto ideals, and why the BTC ETFs were more successful than the ETH ETFs. We also delve into the difference between buying to hold and arbitrage, BTC ETF options, and much more. Enjoy!
—
Follow Jim Bianco: https://x.com/biancoresearch
Follow James Seyffart: https://x.com/JSeyff
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/Blockworks_
—
Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join.
Start your journey today at polkadot.com/get-started
MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
Learn more: https://www.mantrachain.io/
—
Timestamps:
(00:00) Introduction
(00:49) Have Bitcoin ETFs Been A Success?
(02:27) Who is Buying Bitcoin ETFs?
(06:58) Are ETFs Consistent with Crypto Ideals?
(11:13) Basis Trade vs Holding
(15:46) Advertisements
(17:21) ETH ETFs vs BTC ETFs
(22:08) Bitcoin ETF Options
(26:59) Crypto Ideals at Risk?
—
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
10/11/2024 • 31 minutes, 50 seconds
The Last Bitcoin Cycle That Matters | Charles Edwards
In this episode, Charles Edwards joins the show to discuss why the current cycle is the last that will matter, the impact of Bitcoin ETFs, and what the on-chain data is signaling. We also delve into the approval of options on the IBIT ETF, the key top signals, and much more. Enjoy!
—
Follow Charles Edwards: https://x.com/caprioleio
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/Blockworks_
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
—
Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join.
Start your journey today at polkadot.com/get-started
MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
Learn more: https://www.mantrachain.io/
—
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
—
Timestamps:
(00:00) Introduction
(02:04) Macro Overview
(03:54) Soft Landing vs Hard Landing
(06:09) Bitcoin Seasonality
(09:22) Current Bitcoin Cycle Dynamics
(12:57) Bitcoin Macro Index
(14:41) Future Bitcoin Cycles Won't Matter
(17:10) On-chain Data
(19:50) Bitcoin ETFs
(23:09) Ads
(24:23) Interview Continues
(27:38) Impact of IBIT Options
(29:05) Financialization vs the Bitcoin Ethos
(31:53) The Bitcoin Endgame
(34:44) Leverage & Funding Rates
(38:35) Top Signals
—
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
9/26/2024 • 42 minutes, 42 seconds
The Fed’s Dilemma: Deflationary Cliff Or Debt Spiral | James Lavish
In this episode, James and Felix discuss the latest Federal Reserve interest rate decision, the impact of quantitative easing & tightening, and the consequences of trillion-dollar annual deficits. We also delve into the repo market, why the Fed is disconnected from inflation, the role of hard assets like Bitcoin and gold, and much more. Enjoy!
—
Follow James Lavish: https://x.com/jameslavish
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/Blockworks_
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
—
Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join.
Start your journey today at polkadot.com/get-started
MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
Learn more: https://www.mantrachain.io/
—
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
—
Timestamps:
(00:00) Introduction
(02:11) Unpacking The Fed Decision & Dual Mandate
(12:53) Quantitative Easing & Tightening
(18:24) 2019 Repo Spike & Dollar Shortage
(24:39) Trillion-Dollar Annual Deficits
(36:22) Advertisements
(37:36) Why The Fed is Disconnected from Inflation
(44:47) Is Bitcoin the Solution?
(48:46) Gold & Bitcoin As Stores of Value
(53:13) Permissionless Ad
(53:54) Bitcoin Use Case For Global Sovereigns
(58:58) Where to Follow James' Work
—
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
9/19/2024 • 1 hour, 1 minute, 22 seconds
Fed Cutting Cycle Imminent, What's Next for Markets? | Weekly Roundup
This week we discuss the split odds between a 25 and 50 basis point cut at the Fed’s next meeting, market cutting cycle dynamics, and the rotation from growth to value. We also delve into the latest inflation data, rising labor productivity, and the outlook for crypto Enjoy!
–
Follow Ram: https://x.com/ramahluwalia
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
–
Weekly Roundup Charts: https://drive.google.com/drive/u/0/folders/1XMVpZ672sX1qJV-admNYvznOPFXR737S
–
Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join.
Start your journey today at polkadot.com/get-started
MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
Learn more: https://www.mantrachain.io/
–
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
–
Timestamps:
(00:00) Introduction
(02:22) Ram's Background
(03:26) 25 Bps vs 50 Bps
(08:42) Inflation Data
(11:01) The Economy Is Okay
(12:36) Fed Opening the Door to 50 Bps Cut
(16:08) Parsing the Economic Data
(18:12) Labor Productivity
(20:27) Ads
(21:44) Chinese Economy & Red Flags
(28:08) US Equities
(32:02) Growth Vs Value
(34:31) Factor Market
(36:34) Market Rotation
(44:24) Permissionless Ad
(45:02) Narratives Driving Markets
(48:21) Digital Assets
(54:49) Bitcoin & Crypto Price Action
(59:05) Hot Money Rotation
(01:00:37) Cutting Cycle Dynamics
–
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
9/14/2024 • 1 hour, 8 minutes, 25 seconds
Breaking Down the Disconnect Between TradFi & Crypto | Austin Campbell
In this episode, Austin Campbell joins the show to discuss the modern banking system and how crypto is driving innovation. We also delve into stablecoin designs, their role in dollar hegemony, the pros and cons across the spectrum of decentralization, and much more. Enjoy!
–
Follow Austin Campbell: https://x.com/CampbellJAustin
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
NYDFS Stablecoin Guidance: https://www2.deloitte.com/content/dam/Deloitte/us/Documents/regulatory/us-regulatory-nydfs-stablecoin-guidance.pdf
–
MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
Learn more: https://www.mantrachain.io/
–
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
–
Timestamps:
(00:00) Introduction
(01:46) Austin's Background
(03:21) Unpacking the Banking System
(06:15) Money Markets & Reverse Repo
(10:35) Crypto's Role in Banking
(14:05) Stablecoin Designs & Reserves
(22:00) What is Crypto Solving?
(27:33) Mantra Ad
(28:14) Spectrum of Decentralization
(32:34) CBDCs
(36:41) Blockchains vs Databases
(40:06) Permissionless Ad
(40:46) Crypto & Dollar Hegemony
(44:52) Backlash to Crypto
(47:46) Crypto Market Outlook
–
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
9/12/2024 • 51 minutes, 39 seconds
Fed Easing Will Match Weakness In The Labor Market | Weekly Roundup
This week we discuss the soft jobs report and how it compares to the other data, the state of the yield curve and credit markets, and how China is bringing down commodities. We also delve into AI centralization, the outlook for Bitcoin and crypto, and much more. Enjoy!
–
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow On The Margin: https://twitter.com/OnTheMarginPod
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
–
Weekly Roundup Charts: https://drive.google.com/file/d/1GnXSyf79KLMoG5p0RRFoNBoAQUet_TOE/view?usp=sharing
–
Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join.
Start your journey today at polkadot.com/get-started
MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
Learn more: https://www.mantrachain.io/
–
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
–
Timestamps:
(00:00) Introduction
(01:37) Non-Farm Payrolls
(09:52) Comparing Other Labor Market Data
(12:47) The Fed's Reaction Function
(17:54) The Yield Curve Uninverting
(19:13) Credit Spreads & Equity Rotation
(25:54) Buy What The Government Is Incentivizing
(28:34) Advertisements
(29:48) Tyler's AI Rant
(33:25) What's Going On In China?
(39:30) Flight From China
(41:52) Permissionless Ad
(42:32) Crypto Market Update
(44:54) The Effects Of Rate Cuts
(47:13) Bitcoin Downside & Outlook
–
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
9/7/2024 • 56 minutes, 49 seconds
Why The Fed Shouldn’t Cut Rates | Eric Wallerstein
In this episode, Eric Wallerstein joins the show to discuss why the labor market is cooling (not crashing), the decline in the personal savings rate, and increasing labor productivity. We also break down GDP, the credit markets, and how to rethink asset allocation in today's market. Enjoy!
–
Follow Eric Wallerstein: https://x.com/ericwallerstein
Yardeni QuickTakes: https://www.yardeniquicktakes.com/
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
–
MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
Learn more: https://www.mantrachain.io/
–
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
–
Timestamps:
(00:00) Introduction
(01:14) Eric's Background
(03:07) The Labor Market Is Okay
(08:17) Why The Fed Is So Dovish
(11:08) Consumer Savings
(14:22) Real Wages
(16:53) Labor Productivity
(20:38) Breaking Down GDP
(24:08) Economic Big Picture
(26:46) Mantra Ad
(27:25) Risks To The Consumer
(29:52) The Fed Doesn't Need To Cut
(33:34) Private Credit Markets
(37:08) The Fed Supporting Credit Markets
(39:17) Bond Markets
(41:54) Stock & Bond Correlations
(44:10) Rethinking Asset Allocation
(46:22) Permissionless Ad
(47:02) Global Markets & The Carry Trade Unwind
(49:36) Chinese Economy
(52:15) Europe Doesn't Issue Debt
(55:31) Key Takeaways
–
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
9/4/2024 • 57 minutes, 51 seconds
NVIDIA Passing The Baton From Growth To Value | Weekly Roundup
This week we discuss NVIDIA's latest earnings, the ongoing market rotation from growth to value, and the connection between credit spreads and unemployment. We also delve into the health of the consumer, the future Federal Reserve balance sheet, and Bitcoin geopolitics. Enjoy!
--
On the Margin Survey: https://on-the-margin.beehiiv.com/forms/5c7fc920-a57a-496b-9708-1d137bd3014b
--
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow On The Margin: https://twitter.com/OnTheMarginPod
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
Weekly Roundup Charts: https://drive.google.com/file/d/1fUP_rOgvrTDONP2DfYnJyrzgbmWFt0mP/view?usp=drive_link
Kansas Fed Paper: https://www.kansascityfed.org/Jackson%20Hole/documents/10443/Anil_Kashyap_Remarks_JH.pdf
–
Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join.
Start your journey today at polkadot.com/get-started
MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
Learn more: https://www.mantrachain.io/
–
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
00:00 Introduction
02:27 NVIDIA Earnings
08:12 Growth Vs Value
11:36 S&P 500 Earnings Growth
14:02 Yield Curve Steepening
17:40 High Yield Spreads
19:58 Credit Spreads, Unemployment & Recession
23:00 The Health Of The Consumer
29:59 Advertisements
31:14 The Future Fed Balance Sheet
37:05 Consequences Of Controlling Volatility
38:57 Central Bank Independence
41:18 Permissionless Ad
41:57 A Weaker US Dollar
44:54 Bitcoin & Geopolitics
53:19 Nobody Makes Money In Perps
56:51 Are Rate Cuts Bearish?
59:29 Will We Ever See Negative Real Rates Again?
01:02:02 Altcoins & Macro
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
8/31/2024 • 1 hour, 7 minutes
The Bull Market Will Continue Into 2025 As Liquidity Heads Higher | Michael Howell
In this episode, Michael Howell of CrossBorder Capital joins the show to discuss the uptrend in global liquidity, a possible Shanghai Accord 2 to weaken the dollar, and the relationship between debt and liquidity. We also discuss the real breakeven inflation rate, the yield curve, and why you need monetary inflation hedges. Enjoy!
--
Follow Michael Howell: https://x.com/crossbordercap
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
--
MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(01:18) Powell's Jackson Hole Speech
(04:20) Uptrend In Global Liquidity
(05:53) Global Risk Exposure
(12:10) A New Shanghai Accord
(18:44) Mantra Ad
(19:24) Mechanics Of Yen Intervention
(22:01) The Treasury Market
(30:20) Breakeven Inflation Rates
(32:56) Debt-To-Liquidity Ratio
(35:52) Permissionless Ad
(36:33) US Public Debt
(40:14) Monetary Inflation Hedges
(43:11) Managing Bill Issuance
(47:03) Bull Vs Bear Steepener
(48:50) The Structure Of Global Liquidity
(50:08) The MOVE Index
(53:49) Treasury Buybacks
(55:06) Real Interest Rates
(56:38) Equity Market & PBOC Liquidity
(59:37) More Upside In Gold & BTC
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
8/28/2024 • 1 hour, 1 minute, 28 seconds
The Fed Put Is In & Global Easing Has Begun | Weekly Roundup
This week we discuss Powell’s dovish Jackson Hole speech, employment outweighing inflation, and Kamala Harris’ newly-proposed economic policies. We also dive into the credit markets, crypto regulation, and altcoins. Enjoy!
--
On the Margin Survey: https://on-the-margin.beehiiv.com/forms/5c7fc920-a57a-496b-9708-1d137bd3014b
Roundup Chart Deck: https://blckwrks.co/4dUUAj5
--
Follow Zaheer: https://x.com/SplitCapital
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow On The Margin: https://twitter.com/OnTheMarginPod
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
–
Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join.
Start your journey today at polkadot.com/get-started
–
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(02:13) Jackson Hole Speech
(08:17) Employment Outweighing Inflation
(09:33) Zaheer's Macro View
(11:18) Housing Comeback
(13:49) Polkadot Ad
(14:26) Global Liquidity
(18:01) Credit Isn't The Problem
(23:02) New Cycle Of Investing
(26:22) Kamala's Economic Policies
(34:45) Permissionless Ad
(35:27) Crypto Regulation
(42:27) Election Impact On Crypto
(44:19) Crypto Market Outlook
(50:42) The Bull Market Hasn't Even Started
(54:55) Altcoins
(59:21) Attributes Of Value
(01:01:37) Don't Fight The Fed
(01:03:11) Polkadot Ad
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
8/24/2024 • 1 hour, 3 minutes, 54 seconds
Generating Alpha In Macro | Capital Flows
In this episode, Capital Flows joins the show to discuss his macro philosophy & framework, why he was bullish after the VIX surge, and his views on the yield curve. We also discuss the equity bull market, whether the Fed will allow a recession, and the key drivers of bitcoin's price. Enjoy!
--
Follow Capital Flows: https://x.com/Globalflows
Capital Flows Substack: https://www.capitalflowsresearch.com/
Follow Felix: https://x.com/fejau_inc
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On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
--
MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability.
Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(01:59) Capital Flows Research & Strategy
(04:49) Macro Philosophy
(07:48) Macro Framework
(11:39) Bullish After VIX Surge
(15:26) Credit & Duration Risk
(18:46) Mantra Ad
(19:26) Interest Rate Expectations
(25:51) Bull Vs Bear Steepener
(27:27) What's Priced Into The Curve
(30:38) Permissionless Ad
(31:17) What's Driving The Equity Bull Market
(36:31) Upside Tail Risks
(39:31) Will The Fed Allow An Extended Recession?
(43:58) Bitcoin Price Drivers
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
8/21/2024 • 54 minutes, 42 seconds
Has The Dust Settled? | Weekly Roundup
This week we discuss the back and forth between recession and soft landing, the bond market’s economic signals, and the Fed's measured response to the market sell-off. We also delve into the massive VIX decline, July’s CPI, and the frustrating crypto market. Enjoy!
--
On the Margin Survey: https://on-the-margin.beehiiv.com/forms/5c7fc920-a57a-496b-9708-1d137bd3014b
--
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow On The Margin: https://twitter.com/OnTheMarginPod
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
–
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(01:39) Schrödinger's Soft Landing
(04:19) What Is The Bond Market Saying About The Economy?
(06:54) The Fed Kept Its Cool
(09:05) Massive VIX Decline
(11:40) Will Markets Adjust To The Sell-Off?
(18:06) The Role Of Flows
(21:57) July CPI
(24:58) What's Going On With China?
(29:13) The Fed's Next Move
(31:26) Market Overreaction
(34:17) Bitcoin & ETFs
(40:06) Frustrating Crypto Market
(42:48) How Many New Balances Does Tyler Own?
(44:09) What Can Stop The Fiscal Debt Spiral?
(47:53) Why The BOJ Backpedaled
(53:41) The Globalization Of Central Banks
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
8/17/2024 • 56 minutes, 9 seconds
The Mystery Behind The Stock Market Sell-Off | Alex Campbell
In this episode, Alex Campbell joins the show to discuss volatility, "Magnificent Seven" concentration, and dispersion trades. We also unpack the mechanics of the carry trade, how short volatility and hedging strategies are shaping the markets, and the role of artificial intelligence in finance. Enjoy!
--
Follow Alex: https://x.com/abcampbell
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(01:06) Market Volatility Overview
(04:51) Magnificent Seven Concentration
(06:24) Dispersion Trades
(10:49) Market Risks & Correlations
(14:09) Mantra Ad
(15:15) The Carry Trade
(18:14) Market Volatility Vs Credit & The Economy
(23:44) Impact Of Short Volatility & Hedging On Markets
(31:25) Permissionless Ad
(32:04) Artificial Intelligence And Alex's Startup Rose AI
(34:54) Collecting & Using Market Data
(39:44) The Future Of Finance
(43:46) Future Of The AI Industry
(46:20) Alex's Thoughts On Crypto
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
8/12/2024 • 49 minutes, 59 seconds
Recession vs Rebound Debate | Weekly Roundup
This week we discuss the unwinding of the carry trade, the impact of correlations during deleveraging events, and which assets stand to benefit the most from increased liquidity and upcoming rate cuts. We also delve into the widening of credit spreads, steel man the recession argument, and examine the state of the labor market. Enjoy!
--
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
--
Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join.
Start your journey today at polkadot.com/get-started
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
00:00 Introduction
01:38 Reflecting On The Market Unwind
07:41 No Asset Spared In Deleveraging Events
12:23 Polkadot Ad
13:22 Navigating Extreme Volatility
18:39 Assessing Liquitidy Signals
21:23 What Benefits The Most From Liquidity & Rate Cuts?
23:36 Looking At Credit Spreads
26:14 Steel Man-ing The Recession Argument
42:30 Permissionless Ad
43:10 State Of The Labor Market
45:38 Where Is Economic Growth?
50:37 Is The Recession On Its Way?
55:18 Crypto Market Overview
01:03:36 Biggest Trading Mistakes
01:08:26 How Much Of The Carry Trade Is Unwound
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
8/10/2024 • 1 hour, 13 minutes, 59 seconds
Sahm Rule Triggered, Are We In A Recession?
In this episode, Claudia Sahm joins the show to discuss her namesake recession indicator the Sahm Rule. We deep dive into unemployment, whether or not we are in a recession, and how the Federal Reserve should be reacting. Enjoy!
--
Follow guest: https://x.com/Claudia_Sahm
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On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(01:13) What is the Sahm Rule?
(06:29) Sahm Rule Triggered
(08:37) Purpose of the Sahm Rule
(10:20) Are We in a Recession?
(14:05) Mantra Ad
(15:18) Unemployment Dynamics of the Sahm Rule
(18:16) Unemployment Dynamics of a Recession
(21:22) Sahm Rule 2.0
(22:56) Blame the Fed, Not the Sahm Rule
(24:35) July Unemployment Report
(32:10) Permissionless Ad
(32:49) How the Fed Looks at the Labor Market
(38:14) Should the Fed be Cutting Rates?
(40:38) Are We Heading for a Hard Landing?
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
8/7/2024 • 46 minutes, 1 second
Why Are Markets Unwinding? | Weekly Roundup
This week we discuss another volatile week in markets with the continuing deleveraging that took place as on the back of a data heavy week. We discuss our takeaways from FOMC, QRA, economic data & the market reaction. Enjoy!
--
On the Margin Survey: https://on-the-margin.beehiiv.com/forms/5c7fc920-a57a-496b-9708-1d137bd3014b
--
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow On The Margin: https://twitter.com/OnTheMarginPod
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
--
Referenced In The Show: https://a16z.com/the-crypto-price-innovation-cycle/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(02:28) QRA & FOMC Takeaways
(16:07) Why Are Markets Unwinding?
(23:51) The Yen Carry Trade Unwind
(26:11) Permissionless Ad
(26:50) What's Happening In Crypto?
(31:13) Coinbase Earnings
(35:39) Tether Earnings
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
8/2/2024 • 48 minutes, 6 seconds
The Economy Remains Strong, Stocks Continue To Melt-Up | Danny Dayan
In this episode, Danny Dayan joins the show to break down what he is seeing in markets post FOMC. With rate cuts expected & markets continuing to melt up, Danny makes the case for why the Fed shouldn't be cutting rates here. Enjoy!
--
Follow Danny: https://x.com/DannyDayan5
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/blockworks_
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(00:32) FOMC Takeaway's
(03:24) The Economy Is Strong, Should The Fed Cut Rates?
(11:03) Mantra Ad
(12:10) Why Is This Economic Cycle Different?
(17:56) QRA & The QT Impact
(22:08) What's The Trade?
(28:27) Permissionless Ad
(29:05) Stock Market Rotation & The Yen Carry Trade Unwind
(37:51) What's Next For Markets?
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
8/1/2024 • 43 minutes, 17 seconds
Is It Time To Be Bullish? | Weekly Roundup
This week we discuss the volatile week in markets with the deleveraging that took place as the Yen carry trade unwound. With markets quickly bouncing back, we discuss is it time to be bullish? We then deep dive into the launch of the ETH ETFs, the path forward for crypto & the inflation outlook. Enjoy!
--
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow Mike: https://x.com/MikeIppolito_
Follow On The Margin: https://twitter.com/OnTheMarginPod
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
--
Referenced In The Show: https://a16z.com/the-crypto-price-innovation-cycle/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
7/27/2024 • 1 hour, 2 minutes, 15 seconds
The Rise Of Fiscal Dominance | Lyn Alden
In this episode, Lyn Alden joins the show to discuss the rise of fiscal dominance & it's impact on markets in H2 2024 & beyond. We then deep dive into Bitcoin as a reserve asset, the election impact, what asset classes should perform well over the next 3-6 months & more. Enjoy!
--
Follow Lyn: https://x.com/LynAldenContact
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/blockworks_
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(00:49) The Rate Cutting Cycle
(05:09) Is The Economy Slowing?
(08:51) Will We See A Recession?
(11:02) The Small Cap Rotation
(13:34) Mantra Ad
(14:43) The Rise Of Fiscal Dominance
(18:12) The Election Impact
(21:34) Bitcoin As A Strategic Reserve Asset
(33:13) Permissionless Ad
(33:54) Oil & Energy
(42:05) Stocks, Bonds & The Three Pillar Portfolio
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
7/24/2024 • 48 minutes, 52 seconds
The Stock Market & Crypto Are Turning | Weekly Roundup
This week we discuss what is happening in crypto & traditional markets. With rate cut expectations building, are we on the verge of a massive small cap rotation? We then deep dive into the dispersion trade unwind, is crypto about to catch up to the momentum in traditional markets, the U.S election impact & more. Enjoy!
--
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow Mike: https://x.com/MikeIppolito_
Follow On The Margin: https://twitter.com/OnTheMarginPod
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
7/20/2024 • 1 hour, 6 minutes, 13 seconds
A Soft Landing Is Unrealistic | Andy Constan
In this episode, Andy Constan joins the show for a discussion on the current state of the U.S economy & inflation continues to roll over & financial conditions remain loose. We deep dive into the outlook for stocks, bonds & markets into H2 2024. Enjoy!
--
Follow Andy: https://x.com/dampedspring
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/blockworks_
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Timestamps:
(00:00) Introduction
(00:27) Why The Economy Has Remained Strong
(04:39) Financial Conditions Are Still Loose
(11:32) Mantra Ad
(12:39) Relief In The Long End Has Been Fueling A Stock Market Rally
(23:01) What To Expect From The QRA?
(29:24) Permissionless Ad
(30:02) Alpha vs Beta
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
7/17/2024 • 38 minutes, 1 second
What Deflation Means for Crypto, Gold and Tech | Weekly Roundup
In this episode, we dive deep into the latest CPI data showing potential deflationary trends and explore its implications. We analyze how deflation could reshape crypto, gold, and technology stocks. We also cover the Federal Reserve's likely response, the weakening dollar, and the potential for a major market rotation from big tech to small caps and commodities. Thanks for tuning in!
--
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow Mike: https://x.com/MikeIppolito_
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/blockworks_
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
--
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions.
Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Start building today at https://www.avax.network/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(01:11) CPI & Inflation Outlook
(13:05) Avalanche Ad
(14:30) Equity Outlook
(25:13) Labor Market Conditions
(34:54) Permissionless Ad
(35:34) German Gov & Mt Gox Supply Overhang
(45:01) Crypto vs Gold Catch Up Trade
(55:06) Evolving Politics Culture
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
Timestamps:
7/13/2024 • 59 minutes, 21 seconds
An Inevitable Recession? Why the Soft Landing is a Myth | Julian Brigden
In this episode, Julian Brigden of MI2 Partners discusses the current economic landscape, challenging the prevailing optimism about a soft landing. He delves into the complexities of the labor market, the sticky nature of core service inflation, and the psychological shift in corporate pricing strategies. Brigden explores the Federal Reserve's dilemma in managing inflation without triggering a recession, and examines global economic flows and their impact on the US dollar. To close out Julian unpacks where potential may exist in the choppy market. Enjoy!
--
Follow Julian Brigden: https://x.com/julianmi2
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On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
--
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions.
Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Start building today at https://www.avax.network/
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(01:46) Are Rate Cuts Coming?
(08:54) Why Rate Cuts Might Not Come
(14:46) Avalanche Ad
(16:07) Mantra Ad
(17:13) Why Rate Cuts Might Not Come (Continued)
(20:41) 2025 Recession Outlook
(29:02) Bond Market Sentiment
(30:48) Permissionless Ad
(31:28) Reality of Inflation
(48:13) Global Market Opportunity
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
7/10/2024 • 57 minutes, 18 seconds
The Exponential Age: Liquidity Will Continue To Surge Into 2025 | Raoul Pal
This week Raoul Pal joins the show to discuss his exponential age thesis. We deep dive into why liquidity will resurge into H2 2024, why diversification is dead, financial repression, the fourth turning & how all these factors impact markets. Enjoy!
--
Follow Raoul: https://x.com/RaoulGMI
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/blockworks_
On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(02:17) The Liquidity Cycle
(09:26) Trouble In Japan's FX Market
(13:00) Mantra Ad
(14:06) Financial Repression
(15:43) Diversification Is Dead
(20:12) The Age Of Debt
(27:25) Permissionless Ad
(28:06) The Crypto Thesis
(39:28) The Banana Zone
(46:10) Changing Your Investment Framework
(48:55) The Fourth Turning
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
7/3/2024 • 54 minutes, 26 seconds
Rate Cuts Are Coming, Here's Why | Weekly Roundup
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--
This week, we discuss the latest in markets after the presidential debate between Biden & Trump. We deep dive into how markets would react to a Biden vs Trump win in November, the indicators suggesting the Fed will need to cut rates soon, crypto's setup into H2 2024 & Friday's PCE print. Enjoy!
--
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow Mike: https://x.com/MikeIppolito_
--
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions.
Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Start building today at https://www.avax.network/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
6/29/2024 • 1 hour, 12 minutes, 45 seconds
There's Still No Recession, Can Stocks Continue To Grind Higher? | David Cervantes
This week David Cervantes joins the show for a discussion on the current setup for both the economy and markets heading into the second half of 2024. We discuss the recession outlook, will stocks continue to grind higher & how to make macro actionable. Enjoy!
--
Follow David: https://x.com/EconstratPB
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/blockworks_
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(01:00) The Fed's Already Got Their Soft Landing
(08:14) The Economy Is Slowing
(11:34) Mantra Ad
(12:44) When Will The Fed Cut Rates?
(17:15) How To Make Macro Actionable
(29:15) Permissionless Ad
(29:54) The U.S Fiscal Dilemma
(32:18) Can Stocks Continue To Rally In 2024?
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
6/26/2024 • 41 minutes, 28 seconds
Are Markets Beginning To Roll Over? | Weekly Roundup
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--
This week, we discuss are markets beginning to roll over as market breadth continues to widen. We then deep dive into the U.S election impact, inflation & are we entering a growth slowdown? Enjoy!
--
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
--
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions.
Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Start building today at https://www.avax.network/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
6/22/2024 • 1 hour, 18 minutes, 49 seconds
Liquidity Will Soon Rise | Joe McCann
This week Joe McCann joins the show for a discussion on the current backdrop for macro & crypto. As markets anticipate Fed rate cuts, will stocks & crypto continue to rally if a resurgence in liquidity is around the corner? Enjoy!
--
Follow Joe: https://x.com/joemccann
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(01:08) Combining The Worlds Of Macro & Crypto
(09:46) The Crypto Thesis
(14:22) Solana
(21:53) Bitcoin
(25:18) Rate Cuts Are Coming
(31:00) Takeaways From FOMC
(39:30) Liquidity Is About To Resurge
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
6/19/2024 • 44 minutes, 14 seconds
What's The End Game For Inflation? | Weekly Roundup
Follow On The Margin On Spotify: https://spoti.fi/46WWQ6T
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--
This week, we discuss our takeaways from this weeks crucial CPI & PPI prints alongside the Fed's slightly hawkish FOMC meeting. We deep dive into the current market structure & discuss whether or not this rally could be about to enter a couple months of weakness? Enjoy!
--
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
--
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions.
Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Start building today at https://www.avax.network/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
6/15/2024 • 1 hour, 5 minutes, 25 seconds
Stocks Will Continue To Crush Bonds In 2024 | Joseph Wang
This week Joseph Wang joins the show post FOMC to break down how markets are reacting to positive inflation data & Powell's press conference comments. As the U.S continues to run large fiscal deficits, Joseph outlines his thesis for why he expects stocks to continue crushing bonds in 2024 & why markets will actually crash up instead of down. Enjoy!
--
Follow Joseph: https://x.com/FedGuy12
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(01:14) FOMC Meeting Takeaways
(10:30) The U.S Labour Market
(12:56) Mantra Ad
(14:05) Stocks Will Continue To Crush Bonds In 2024
(16:43) Rate Cuts Are Coming... And It's Bullish
(19:51) Gold, Commodities & Bitcoin
(23:45) Crypto's Wealth Effect
(27:55) Is There A Bear Case For Equities?
(30:14) Permissionless Ad
(30:52) Monetary Plumbing & The QT Taper
(34:32) Presidential Elections & Their Impact On Markets
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
6/13/2024 • 39 minutes, 36 seconds
Beginning Of The Rate Cutting Cycle, Time To Be Bullish? | Weekly Roundup
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--
This week, we discuss are we at the beginning of a global rate cutting cycle as the ECB, BoC & SNB have all lowered interest rates. How will this impact markets in the second half of 2024? Enjoy!
--
Follow Quinn: https://x.com/qthomp
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow Mike: https://twitter.com/MikeIppolito_
--
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions.
Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Start building today at https://www.avax.network/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
6/8/2024 • 1 hour, 2 minutes, 49 seconds
Exploring Crypto's Modular Path | Rex & NoSleepJon
In this special episode, the Jason and Mike announce the launch of Expansion, a new Blockworks podcast focusing on the modular blockchain ecosystem.
Expansion hosts Rex and NoSleepJon aim to explore the modular design concepts and architectural principles in the blockchain space. They highlight the benefits and challenges of modularity, the cultural and technical aspects, and how this new ecosystem is poised to disrupt existing technologies. Thanks for tuning in!
- -
Subscribe on YouTube: https://www.youtube.com/@expansionpod
Subscribe on Apple: http://apple.co/4bGKYYM
Subscribe on Spotify: http://spoti.fi/3Vaubq1
Follow Zon: https://x.com/ItsAlwaysZonny
Follow Keone: https://x.com/keoneHD
Follow Rex: https://x.com/LogarithmicRex
Follow nosleepjon: https://x.com/nosleepjon
Follow Expansion: https://x.com/ExpansionPod_
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
- -
Timestamps
(00:00) Introduction
(05:07) Modularity in Crypto
(18:50) Sovereignty & ZK with Modularity
(25:30) Value Accrual in Crypto
(35:11) Surviving Fragmentation
(43:23) Modularity Ecosystem Competition
- -
Disclaimer
Expansion was kickstarted by a grant from the Celestia Foundation.
Nothing said on Expansion is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Rex, Jon, and our guests may hold positions in the companies, funds, or projects discussed.
6/6/2024 • 47 minutes, 32 seconds
The Fed Wants To Ease, Will The Everything Rally Continue? | Warren Pies
This episode Warren Pies Founder of 3Fourteen Research joins the show to discuss the current state of markets with oil trending lower, markets continuing to rally & a pivotal FOMC next week. Enjoy!
--
Follow Warren: https://x.com/WarrenPies
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/blockworks_
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions.
Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Start building today at https://www.avax.network/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
(00:00) Introduction
(01:23) Oil, Rates & The Global Cutting Cycle
(15:58) Avalanche Ad
(17:19) Mantra Ad
(18:27) Inflation
(25:51) What To Expect Ahead Of FOMC
(32:25) Permissionless Ad
(33:11) Why Did The Fed Taper QT?
(39:37) The Deficit Impact
(42:54) Macro Doomerism
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
6/5/2024 • 48 minutes, 37 seconds
The Modular Integration Spectrum | Keone & Zon
In this episode, Keone from Monad and Zon from Initia to discuss the spectrum between modular and integrated blockchain designs. They explore the tradeoffs in decentralization, performance and scalability between the two approaches. They explore AppChains, rollups, composability challenges in modular systems, EVM compatibility, and when to scale blockchains horizontally vs vertically. To close out Keone and Zon also share valuable insights on building Web3 communities organically. Thanks for tuning in!
- -
Subscribe on YouTube: https://www.youtube.com/@expansionpod
Subscribe on Apple: http://apple.co/4bGKYYM
Subscribe on Spotify: http://spoti.fi/3Vaubq1
Follow Zon: https://x.com/ItsAlwaysZonny
Follow Keone: https://x.com/keoneHD
Follow Rex: https://x.com/LogarithmicRex
Follow nosleepjon: https://x.com/nosleepjon
Follow Expansion: https://x.com/ExpansionPod_
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
(00:00) Introduction
(03:24) Modular vs Integrated
(11:47) Who are Appchains for?
(28:58) Composability in Modular World
(36:15) Monad's Endgame
(39:47) Importance of Decentralization
(48:05) Building Web3 Community
--
Disclaimer:
Expansion was kickstarted by a grant from the Celestia Foundation.
Nothing said on Expansion is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Rex, Jon, and our guests may hold positions in the companies, funds, or projects discussed.
6/5/2024 • 1 hour, 3 minutes, 50 seconds
The Inflation Paradox: Inflation Is Still A Problem | Weekly Roundup
Follow On The Margin On Spotify: https://spoti.fi/46WWQ6T
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Follow Blockworks Macro On YouTube: https://bit.ly/3NKpujX
--
This week Jack Farley joins us to discuss the biggest stories of the week. With economic data showing early signs of slowing, we deep dive into why inflation is still a problem for most citizens & although we are not in a recession, we are very much so in a "vibecession". Enjoy!
--
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Felix: https://twitter.com/fejau_inc
Follow Jack: https://x.com/JackFarley96
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow Mike: https://twitter.com/MikeIppolito_
--
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions.
Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Start building today at https://www.avax.network/
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
6/1/2024 • 50 minutes, 3 seconds
The Ethereum ETF Turning Point | Weekly Roundup
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Follow Blockworks Macro On YouTube: https://bit.ly/3NKpujX
--
This week we discuss the Ethereum ETF approval & what it means for ETH the asset, crypto more broadly & U.S elections. We then deep dive into the bull thesis & discuss wether or not we are still bullish going into summer. Enjoy!
--
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow Quinn: https://twitter.com/qthomp
Follow Mike: https://twitter.com/MikeIppolito_
--
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions.
Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Start building today at https://www.avax.network/
--
Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system. It features user-owned KYC and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
Kinto's launch program is onboarding institutional players and DeFi users before its public launch. If you believe in bridging the gap between TradFi and DeFi today, join Kinto's launch program at https://engen.kinto.xyz
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
5/25/2024 • 1 hour, 5 minutes, 40 seconds
The Ethereum ETF Is Approved | Eric Balchunas & James Seyffart
We apologise for any video/audio issues this episode!
--
This episode Eric Balchunas & James Seyffart join the show to discuss the sudden Ethereum ETF approval shock that surprised markets this week. Enjoy!
--
Follow Eric: https://x.com/EricBalchunas
Follow James: https://x.com/JSeyff
Follow Mike: https://x.com/MikeIppolito_
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/blockworks_
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions.
Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Start building today at https://www.avax.network/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
(00:00) Introduction
(01:12) The ETH Approval
(08:55) Demand For An ETH ETF
(14:02) Avalanche Ad
(15:23) Mantra Ad
(16:29) Will We See More ETFs?
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
5/24/2024 • 26 minutes, 39 seconds
Forget Rate Cuts, The Fed Will Raise Rates Again In 2024 | Danny Dayan
This episode Danny Dayan joins the show alongside Felix Jauvin for a discussion on the problem the Fed faces as inflation remains too high. Making the argument for another rate hike in 2024 vs consensus of rate cuts, we deep dive into financial conditions, the deficit impact, how the Fed broke the yield curve in 2021 & more. Enjoy!
--
Follow Danny: https://x.com/DannyDayan5
Follow Felix: https://x.com/fejau_inc
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/blockworks_
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Timestamps:
00:00 Introduction
01:21 Forget Rate Cuts, The Fed Will Hike Again
07:40 Financial Conditions Are Too Loose
11:29 Avalanche Ad
12:50 Mantra Ad
19:47 The Fed Broke The Yield Curve In 2021
34:31 Fiscal Deficits & The Credit Impulse
39:25 The U.S Debt Problem
43:09 Why Is China Buying So Much Gold?
47:18 Oil
50:26 How To Trade 2024?
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
5/24/2024 • 57 minutes, 37 seconds
The Biggest Risk Is A Market Melt-Up | Weekly Roundup
Follow On The Margin On Spotify: https://spoti.fi/46WWQ6T
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Follow Blockworks Macro On YouTube: https://bit.ly/3NKpujX
--
This week we discuss the bullish setup for an everything rally. After a bullish CPI print, the return of roaring kitty & most macro event risk behind us, are animal spirits about to unleash once again in a 2021 style melt-up? Are we entering the "banana zone"... Enjoy!
--
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow Quinn: https://twitter.com/qthomp
Follow Mike: https://twitter.com/MikeIppolito_
--
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions.
Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Start building today at https://www.avax.network/
--
Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system. It features user-owned KYC and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
Kinto's launch program is onboarding institutional players and DeFi users before its public launch. If you believe in bridging the gap between TradFi and DeFi today, join Kinto's launch program at https://engen.kinto.xyz
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
5/18/2024 • 1 hour, 11 minutes, 23 seconds
What Stops The Runaway U.S Fiscal Trainwreck? | Weekly Roundup
Follow On The Margin On Spotify: https://spoti.fi/46WWQ6T
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Follow Blockworks Macro On YouTube: https://bit.ly/3NKpujX
--
This week we discuss the current U.S fiscal situation. What impact will elections have on markets & the every growing U.S debt burden. Enjoy!
--
Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Start building today at https://www.avax.network/
--
Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system. It features user-owned KYC and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
Kinto's launch program is onboarding institutional players and DeFi users before its public launch. If you believe in bridging the gap between TradFi and DeFi today, join Kinto's launch program at https://engen.kinto.xyz
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow Quinn: https://twitter.com/qthomp
Follow Mike: https://twitter.com/MikeIppolito_
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets
5/11/2024 • 1 hour, 11 minutes, 7 seconds
Powell's Bullish Signal To Markets | Weekly Roundup
Follow On The Margin On Spotify: https://spoti.fi/46WWQ6T
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Follow Blockworks Macro On YouTube: https://bit.ly/3NKpujX
--
This week we discuss the bullish setup post FOMC & QRA. We also discuss the rise of distrust in institutions, Japan's Minsky moment, the rise of passive & more. Enjoy!
--
Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system. It features user-owned KYC and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
Kinto's launch program is onboarding institutional players and DeFi users before its public launch. If you believe in bridging the gap between TradFi and DeFi today, join Kinto's launch program at https://engen.kinto.xyz
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow Quinn: https://twitter.com/qthomp
Follow Mike: https://twitter.com/MikeIppolito_
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
5/4/2024 • 1 hour, 7 minutes, 54 seconds
Surging Liquidity Is Fueling Higher Inflation | Bob Elliott
This week Bob Elliott joins the show post FOMC to discuss what is driving markets in 2024. We discuss why inflation remaisn too high, why the bond market needs to tighten financial conditions & what's driving the huge rally in Gold. Enjoy!
--
Follow Bob: https://twitter.com/BobEUnlimited
Follow Mike: https://twitter.com/MikeIppolito_
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/blockworks_
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
5/1/2024 • 48 minutes, 52 seconds
Huge Earnings Beat For Big Tech | Weekly Roundup
Follow On The Margin On Spotify: https://spoti.fi/46WWQ6T
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Follow Blockworks Macro On YouTube: https://bit.ly/3NKpujX
--
This week we discuss big tech earnings & the role of fiscal dominance on earnings growth. To hear all this & more, you'll have to tune in!
--
Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system. It features user-owned KYC and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
Kinto's launch program is onboarding institutional players and DeFi users before its public launch. If you believe in bridging the gap between TradFi and DeFi today, join Kinto's launch program at https://engen.kinto.xyz
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Felix: https://twitter.com/fejau_inc
Follow Tyler: https://twitter.com/Tyler_Neville_
Follow Quinn: https://twitter.com/qthomp
Follow Blockworks: https://twitter.com/blockworks_
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
4/27/2024 • 1 hour, 2 minutes, 3 seconds
Inflation Still Isn't Going Back To 2% | Vincent Deluard
This week Vincent Deluard returns to the show to discuss the most important topic in markets today... inflation. After joining the show in February 2023, Vincent was an early inflationista making the case that inflation would not return to 2%. Well, one year later that call has been correct as inflation remains elevated above the Fed's 2% target. The question is, what happens next? Enjoy!
--
Follow Vincent: https://twitter.com/VincentDeluard
Follow Mike: https://twitter.com/MikeIppolito_
Follow On The Margin: https://twitter.com/OnTheMarginPod
Follow Blockworks: https://twitter.com/blockworks_
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
(00:00) Introduction
(02:17) The Rise Of Secular Inflation
(10:50) Mantra Ad
(11:56) Geopolitical Risk, Oil & The Inflation Feedback Loop
(16:43) The U.S Dollar Is Still The Best Safe Haven
(21:21) The Rise Of Fiscal Dominance: Gradually, Then Suddenly
(26:08) The Inflation Spiral
(35:39) Permissionless Ad
(36:17) A Recession Free Future
(42:18) Oil
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
4/24/2024 • 52 minutes, 3 seconds
The Bitcoin Halving Impact | Weekly Roundup
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This week we discuss the macro forces driving markets, the 2024 Bitcoin halving and the path forward for inflation. To hear all this & more, you'll have to tune in!
--
Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system. It features user-owned KYC and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
Kinto's launch program is onboarding institutional players and DeFi users before its public launch. If you believe in bridging the gap between TradFi and DeFi today, join Kinto's launch program at https://engen.kinto.xyz
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
4/20/2024 • 1 hour, 10 minutes, 20 seconds
The 2024 Bitcoin Halving | Chris Kuiper
We apologize for video/audio lag in today's episode!
--
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This week Chris Kuiper Director of Research at Fidelity Digital Assets joins the show for an overview of the Bitcoin market as the 4 year halving approaches. We discuss the ETF impact, current state of the crypto market, the liquidity cycle & what to expect post halving. Enjoy!
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MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
(00:00) Introduction
(01:23) The Bitcoin ETF Impact
(04:27) The Bitcoin Halving
(13:06) Mantra Ad
(14:12) Is Retail Back?
(19:29) Volatility vs Store of Value
(30:24) Permissionless Ad
(31:02) Institutional Demand For Ethereum
(46:02) The Macro Backdrop For Bitcoin
(54:41) Where Are We In The Cycle?
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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--
This week we discuss the hot inflation print which rocked markets. As the long end sold off, commodities continue drifting higher & rate cut expectations get pushed out could inflation be about to surprise markets? To hear all this & more, you'll have to tune in!
--
Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii
--
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
4/13/2024 • 1 hour, 1 minute, 6 seconds
Rising Liquidity Is Fueling A Bull Market In Gold & Bitcoin (Part 2/2) | Lyn Alden & Luke Gromen
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This is part 2/2 of our conversation with Lyn Alden & Luke Gromen. In this episode we deep dive into the path forward for inflation, the U.S Dollar, bonds & what is fueling the gold & Bitcoin bull market. Enjoy!
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MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
(00:00) Inflation
(04:42) Oil & It's Impact On Inflation
(11:41) The U.S Dollar
(13:04) Mantra Ad
(14:09) Gold & Bitcoin
(24:28) The Bond Market
(33:25) Permissionless Ad
(34:03) Inflation vs Recession
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
4/11/2024 • 40 minutes, 4 seconds
The U.S Debt End Game (Part 1/2) | Lyn Alden & Luke Gromen
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--
This week Lyn Alden & Luke Gromen join the show to discuss the rise of fiscal dominance, the path forward for inflation & the end game for U.S debt. Part 2 of this discussion will be released tomorrow, so be sure to tune in!
--
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This episode is brought to you by Aura, the AI-powered digital security protection app that keeps your personal information, passwords, online activity, and tech safe from digital threats. It’s all-in-one protection from identity theft, financial fraud, malware, scams, and more.
For a limited time, Aura is offering our listeners a 14-day FREE trial plus up to 55% off an Aura subscription. Visit https://aura.com/blockworks to sign up for your free trial.
--
Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system. It features user-owned KYC and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
Kinto's launch program is onboarding institutional players and DeFi users before its public launch. If you believe in bridging the gap between TradFi and DeFi today, join Kinto's launch program at https://engen.kinto.xyz
--
(00:00) Introduction
(02:10) Gold, Real Rates & Russian FX Reserve Sanctions
(06:15) The Rise Of Fiscal Dominance
(16:08) Aura Ad
(17:25) Kinto Ad
(18:37) The Fed & Treasury End Game
(22:22) Fiscal Deficits Don't Matter, Until They Do...
(38:07) Permissionless III Ad
(38:45) Deglobalization
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
4/10/2024 • 49 minutes, 23 seconds
Will The Fed Cut Rates In 2024? | Weekly Roundup
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--
This week we discuss the potential headwinds for markets as the long end shows signs of selling off. Despite those headwinds, equities remain elevated with financial conditions loose. Will the Fed still be able to cut rates in 2024?
--
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Access liquidity on centralised exchanges through Copper’s off-exchange collateral management and settlement solution. To find out more about ClearLoop visit: https://bit.ly/3SnJI5r
--
Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system. It features user-owned KYC and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
Kinto's launch program is onboarding institutional players and DeFi users before its public launch. If you believe in bridging the gap between TradFi and DeFi today, join Kinto's launch program at https://engen.kinto.xyz
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
4/6/2024 • 1 hour, 5 minutes, 43 seconds
The Past, Present and Future of Crypto | DAS London 2024
This is a live panel taken from the 2024 Digital Asset Summit. Daniel Masters (CoinShares) & Jonathan Cheesman (Room 40 Capital) discuss the past, present & future of crypto. Enjoy!
--
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
4/3/2024 • 36 minutes, 54 seconds
Inflation's Role In The Fourth Turning | Weekly Roundup
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This week Tyler is back from Vegas! We discuss the path ahead for inflation, political influence in markets & Neil Howe's popularized fourth turning thesis. To hear all this & more, you'll have to tune in!
--
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This episode is brought to you by Aura, the AI-powered digital security protection app that keeps your personal information, passwords, online activity, and tech safe from digital threats. It’s all-in-one protection from identity theft, financial fraud, malware, scams, and more.
For a limited time, Aura is offering our listeners a 14-day FREE trial plus up to 55% off an Aura subscription. Visit https://aura.com/blockworks to sign up for your free trial.
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
3/30/2024 • 58 minutes, 39 seconds
Trading the Next Crypto Bull Market | Avi Felman & Jonah Van Bourg
We gathered at DAS London to record the first ever live episode of 1000x. Mike, Avi & Jonah discuss where are we in the cycle, the ETF impact, Bitcoin's path to $100,000, is the alt L1 trade dead & of course meme coins.
Be sure to go follow the 1000x podcast if you enjoyed this episode!
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--
Perennial is an on-chain derivatives protocol built from first principles to be a DeFi primitive. The core protocol is minimalist, flexible, and efficient, allowing Perennial to mold to the needs of many different users & use cases.
Perennial has a super efficient core protocol that lets LPs use native maker leverage — allowing $1mn in TVL to back to $5-10mn in Open interest. Trade and LP at: https://perennial.finance/1000x
--
Access liquidity on centralised exchanges through Copper’s off-exchange collateral management and settlement solution. To find out more about ClearLoop visit: https://bit.ly/3SnJI5r
--
Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system. It features user-owned KYC and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
Kinto's launch program is onboarding institutional players and DeFi users before its public launch. If you believe in bridging the gap between TradFi and DeFi today, join Kinto's launch program at https://engen.kinto.xyz
--
Disclaimer: Nothing said on 1000x or On The Margin is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.
3/29/2024 • 45 minutes, 43 seconds
The Game Changing Impact Of A Spot Bitcoin ETF | DAS London 2024
This is a live panel taken from the 2024 Digital Asset Summit. Matt Hougan (Bitwise), Leon Marshall (Galaxy), Michael Sonnenshein (Grayscale) & Tony Ashraf (BlackRock) discuss the game changing impact of a spot Bitcoin ETF. Enjoy!
--
This episode is brought to you by Aura, the AI-powered digital security protection app that keeps your personal information, passwords, online activity, and tech safe from digital threats. It’s all-in-one protection from identity theft, financial fraud, malware, scams, and more.
For a limited time, Aura is offering our listeners a 14-day FREE trial plus up to 55% off an Aura subscription. Visit https://aura.com/blockworks to sign up for your free trial.
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
3/27/2024 • 42 minutes, 53 seconds
Fed Signals Rate Cuts In 2024 | Weekly Roundup
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This week we discuss Powell's dovish FOMC presser and the path forward for rate cuts in 2024. To hear all this & more, you'll have to tune in!
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--
Access liquidity on centralised exchanges through Copper’s off-exchange collateral management and settlement solution. To find out more about ClearLoop visit: https://bit.ly/3SnJI5r
--
Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system. It features user-owned KYC and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
Kinto's launch program is onboarding institutional players and DeFi users before its public launch. If you believe in bridging the gap between TradFi and DeFi today, join Kinto's launch program at https://engen.kinto.xyz
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
3/23/2024 • 1 hour, 4 minutes, 19 seconds
The Biggest Macro Trade Of All-Time | Anthony Scaramucci & Dan Tapiero
This is a live panel taken from the 2024 Digital Asset Summit. Anthony Scaramucci & Dan Tapiero discuss the macro case for digital assets hosted by Noelle Acheson. Enjoy!
https://blockworks.co/event/digital-asset-summit-2024-london
--
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Disclaimer: Nothing discussed should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
3/22/2024 • 40 minutes, 38 seconds
The Script: How To Kill Inflation | Andy Constan
This week, Andy Constan Founder of Damped Spring joins the show for a discussion on what the Fed needs to do in their fight against inflation. As CPI prints continue to come in hot, financial conditions remain loose & markets melt-up, will the Fed be able to cut rates in 2024? To hear all this & more, you'll have to tune in!
--
This episode is brought to you by Aura, the AI-powered digital security protection app that keeps your personal information, passwords, online activity, and tech safe from digital threats. It’s all-in-one protection from identity theft, financial fraud, malware, scams, and more.
For a limited time, Aura is offering our listeners a 14-day FREE trial plus up to 55% off an Aura subscription. Visit https://aura.com/blockworks to sign up for your free trial.
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
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--
(00:00) Introduction
(01:49) Inflation
(06:38) Why Are Financial Conditions Loose?
(14:51) Aura Ad
(16:09) Mantra Ad
(17:15) The Script: The Only Way To Kill Inflation
(20:48) Stock Market Melt-Up
(30:10) Is The Banking System Healthy, Or Not?
(36:32) Looking Ahead To FOMC
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
3/20/2024 • 43 minutes, 56 seconds
Inflation Remains High, Will The Fed Cut Rates In 2024? | Weekly Roundup
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--
This week we discuss the hot inflation prints (CPI, PPI) and their impact on markets. Will the Fed be able to cut rates with inflation remaining sticky & the economy still not showing meaningful signs of a slowdown. To hear all this & more, you'll have to tune in!
--
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--
Access liquidity on centralised exchanges through Copper’s off-exchange collateral management and settlement solution. To find out more about ClearLoop visit: https://bit.ly/3SnJI5r
--
Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system. It features user-owned KYC and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
Kinto's launch program is onboarding institutional players and DeFi users before its public launch. If you believe in bridging the gap between TradFi and DeFi today, join Kinto's launch program at https://engen.kinto.xyz
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
3/16/2024 • 55 minutes, 46 seconds
Who Is Buying The Bitcoin ETFs? | Eric Balchunas & Jim Bianco
On today's episode Eric Balchunas & Jim Bianco join the show for a debate on the Bitcoin ETF impact. We discuss who is actually buying ETFs, whether Bitcoin ETF investors are passive flows vs hot money & does the ETF represent failure from the original promise of Bitcoin. To hear all this & more, you'll have to tune in!
--
This episode is brought to you by Aura, the AI-powered digital security protection app that keeps your personal information, passwords, online activity, and tech safe from digital threats. It’s all-in-one protection from identity theft, financial fraud, malware, scams, and more.
For a limited time, Aura is offering our listeners a 14-day FREE trial plus up to 55% off an Aura subscription. Visit https://aura.com/blockworks to sign up for your free trial.
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
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--
(00:00) Introduction
(01:30) Who Is Buying The Bitcoin ETF?
(16:03) Aura ad
(17:20) Mantra Ad
(18:26) Cash Redemption vs In-Kind Transfer
(28:38) The GBTC Outflows
(33:05) Passive Flows vs Hot Money
(43:01) Vanguard
(51:45) Why Do Younger Generations Buy Crypto?
(01:00:52) Does The ETF Represent Failure?
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
3/13/2024 • 1 hour, 27 minutes, 22 seconds
Bitcoin Breaks A New All-Time High | Weekly Roundup
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--
This week we discuss the recent crypto market action as Bitcoin briefly crosses a new all-time high. To hear all this & more, you'll have to tune in!
--
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--
Access liquidity on centralised exchanges through Copper’s off-exchange collateral management and settlement solution. To find out more about ClearLoop visit: https://bit.ly/3SnJI5r
--
Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system. It features user-owned KYC and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
Kinto's launch program is onboarding institutional players and DeFi users before its public launch. If you believe in bridging the gap between TradFi and DeFi today, join Kinto's launch program at https://engen.kinto.xyz
--
Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-a...
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
3/9/2024 • 1 hour, 11 minutes, 57 seconds
The Bitcoin ETF Unlock's Huge Inflows | Dan Tapiero
This week, Dan Tapiero Founder of 10T Holdings joins the show for a discussion on the current Bitcoin, macro & crypto landscape as Bitcoin briefly crossed it's prior all-time high. We deep dive into the massive unlock approval of the Bitcoin ETFs create as inflows continue to climb higher. To hear all this & more, you'll have to tune in!
--
This episode is brought to you by Aura, the AI-powered digital security protection app that keeps your personal information, passwords, online activity, and tech safe from digital threats. It’s all-in-one protection from identity theft, financial fraud, malware, scams, and more.
For a limited time, Aura is offering our listeners a 14-day FREE trial plus up to 55% off an Aura subscription. Visit https://aura.com/blockworks to sign up for your free trial.
--
Kinto is the Safety-first L2 designed to accelerate the transition to an on-chain financial system. It features user-owned KYC and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
Kinto's launch program is onboarding institutional players and DeFi users before its public launch. If you believe in bridging the gap between TradFi and DeFi today, join Kinto's launch program at https://engen.kinto.xyz
--
Follow Dan: https://twitter.com/DTAPCAP
Follow On The Margin: https://twitter.com/OnTheMarginPod
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Follow Blockworks: https://twitter.com/blockworks_
--
(00:00) Introduction
(01:21) Why Dan Was Bullish In 2022
(12:32) Aura Ad
(13:50) Kinto Ad
(15:02) The Bitcoin ETF
(21:02) Crypto's Path To $10 Trillion
(29:38) 2024 Macro Update
(48:06) Where Are We In The Cycle?
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
3/7/2024 • 1 hour, 48 seconds
The Bitcoin ETF Impact, Market Melt-Up Continues | Weekly Roundup
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--
Gm bulls! This week we discuss the positive price action within crypto, as markets broadly continue to melt-up. With Bitcoin ETF inflows remaining high, the economy running hot & investors taking on more risk, what happens next? To hear all this & more, you'll have to tune in!
--
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--
Access liquidity on centralised exchanges through Copper’s off-exchange collateral management and settlement solution. To find out more about ClearLoop visit: https://bit.ly/3SnJI5r
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
--
Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-a...
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
3/2/2024 • 1 hour, 13 minutes, 31 seconds
A Deep Dive Into Coinbase's Earnings Beat | Alyssa Choo
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This week, Alyssa Choo Crypto Equities Specialist at Bitwise joins the show for a deep dive into some of the recent crypto equities earnings results. We discuss Coinbase's blowout earnings beat, the state of Bitcoin miners & the bullish tailwinds as crypto markets continue climbing higher. To hear all this & more, you'll have to tune in!
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MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
(00:00) Introduction
(00:30) Coinbase
(06:27) Coinbase's Global Expansion
(09:23) Perpetual Futures
(13:04) Mantra Ad
(14:24) Coinbase's Revenue Breakdown
(22:56) Bitcoin ETFs
(24:59) FASB Accounting
(27:34) DAS London Plug
(28:50) Bitcoin Miners
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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This week, Tyler Neville & Quinn Thompson join the show to discuss the continued rally in markets as Nvidia beat earnings expectations once again. We also discuss the current state of crypto markets, troubles looming in commercial real estate, Reddit's Bitcoin & Ethereum purchases & more!
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Access liquidity on centralised exchanges through Copper’s off-exchange collateral management and settlement solution. To find out more about ClearLoop visit: https://bit.ly/3SnJI5r
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-a...
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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This week, Quinn Thompson CIO at Lekker Research joins the show to discuss the bullish catalysts for crypto in 2024 as ETF inflows remain high, Coinbase beats earnings estimates & stock markets continue to reach new all time highs. To hear all this & more, you'll have to tune in!
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Timestamps:
(00:00) Introduction
(00:29) Coinbase Earnings
(17:37) MANTRA Ad
(18:58) Bitcoin ETFs Update
(22:55) The Bitcoin Halving
(30:04) Are "Animal Spirits" Back?
(36:34) DAS London Plug
(37:50) The Ethereum ETF
(45:50) The 2024 Macro Outlook
(48:39) The Rise Of Fiscal Dominance
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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This week, Mike & Mark discuss the continued Bitcoin ETF inflows as they surpass $4 billion and increasing each day. We then deep dive into the huge earnings beat from Coinbase & the path forward for 2024 as the Bitcoin halving approaches. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-a...
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
2/17/2024 • 46 minutes, 8 seconds
Surviving The GBTC "Widowmaker" Trade That Blew Up In 2021 | David Choi
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This week, David Choi Founder of MetStreet Labs joins the show to discuss a viral thread he wrote on the GBTC "widowmaker" trade that blew up in 2021. We deep dive into the mechanics of the GBTC arbitrage trade, the role of Bitcoin lenders (BlockFi, Genesis) & how the unwind of the GBTC widowmaker trade dragged down the industry in 2021 - 2022.
We then compare to todays market conditions and why 2024 & beyond may be a more sustainable market environment for crypto. To hear all this & more, you'll have to tune in!
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Read David's thread here: https://twitter.com/0xZergs/status/1746126672451993999?s=20
--
MANTRA Chain is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications. Learn more: https://www.mantrachain.io/
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
(00:00) Introduction
(02:47) The GBTC Arbitrage Trade
(08:44) Structure Of The Trade
(15:24) BlockFi, Genesis & GBTC
(19:18) MANTRA Ad
(20:39) The Bitcoin Lending Market
(23:11) When The GBTC Trade Started To Spiral
(29:29) DAS London Plug
(30:45) Unwinding The Trade
(38:53) Current State Of The Market
(46:10) Final Thoughts
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
2/14/2024 • 49 minutes, 47 seconds
Bitcoin ETF Inflows Continue | Weekly Roundup
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This week, Mike & Mark give an update on the Bitcoin ETFs as Grayscale outflows continue to slow down, as Bitcoin approaches $50,000 & stock markets continue to reach new record highs. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
2/10/2024 • 48 minutes
The Bullish 2024 Thesis With Travis Kling
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This week, Travis Kling CIO of Ikigai Asset Management joins the show for a discussion on his bullish thesis for 2024.
With Stock markets at all-time highs, a rate cutting cycle expected in 2024 & the approval of Bitcoin ETFs, Travis makes the case that he expects potential tailwinds into the coming year for both crypto & markets broadly. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Timestamps:
(00:00) Introduction
(00:37) Travis' 2024 Thesis
(03:10) DAS London Plug
(04:27) Stock Markets Break ATHs, What About Crypto?
(14:05) The Bitcoin ETFs
(20:54) Trading Crypto Cycles
(26:07) Blockworks Research Ad
(26:55) Financial Nihilism
(39:26) Valuation & Reflexivity In Crypto
(45:02) Infrastructure vs Applications
(52:51) Can Crypto Disrupt Walled Gardens?
(56:36) Travis' Macro Outlook In 2024
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
2/7/2024 • 1 hour, 5 minutes, 42 seconds
Grayscale's Bitcoin ETF Outflows Begin To Slow, What Happens Next?
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This week, Mike & Mark give an update on the Bitcoin ETFs as Grayscale outflows begin to slow down. We then discuss this weeks FOMC, the QRA & Meta's blowout earnings. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
2/3/2024 • 1 hour, 11 minutes, 35 seconds
Joseph Wang & Jack Farley on “Hawkish” January Fed Meeting, Tapering Quantitative Tightening (QT), and “Boring” Treasury Quarterly Refunding Announcement (QRA)
Forward Guidance is sponsored by VanEck. Learn more about VanEck Bitcoin Trust (HODL) http://vaneck.com/HODLFG.
VanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/hodlprospectus/
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This week, Joseph Wang CIO at Monetary Macro joins the show to discuss the latest in markets after Jerome Powell's FOMC conference.
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Timestamps:
(00:00) Introduction
(00:41) Joseph's View on Jan FOMC: "This Was A Hawkish Fed Conference"
(07:51) Joseph's View On Asset Prices
(10:04) Joseph's View on Rates
(20:52) Vaneck Ad
(21:37) The Plumbing Of How The Government & Fed Prints Money
(32:41) Treasury Issuance (QRA, Quarterly Refunding Announcement)
(39:01) Joseph's View on Fed's Quantitative Tightening (QT): Taper Could Likely Begin In Q4 2024
(44:57) Fed's Plan For Discount Window & End Of Bank Term Funding Program (BTFP)
(49:31) Joseph Wang: Fiscal Deficits Will Likely Continue To Fuel Bull Market In Risk Assets
(52:19) Concentration of Stock Market Rally
(01:00:12) Jack Puts On Tin Foil Hat Re: Fed Language & New York Community Bank (NYCB)
(01:02:44) Closing Thoughts: Plumbing People Are Not Always Bearish!!
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
1/31/2024 • 1 hour, 4 minutes, 41 seconds
Financial Conditions Remain Loose, Liquidity Has Surged | Mark Yusko
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This week, Mike & Mark discuss Tesla's disappointing earnings, the stock market rally as liquidity has resurged & the current state of the Bitcoin & crypto markets. To hear all this & more, you'll have to tune in!
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Access liquidity on centralised exchanges through Copper’s off-exchange collateral management and settlement solution. To find out more about ClearLoop visit: https://bit.ly/3SnJI5r
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
1/27/2024 • 1 hour, 16 minutes, 42 seconds
The Stock Market Is Pricing In A Soft Landing | Darius Dale
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This week, Darius Dale Founder of 42 Macro joins the show for a discussion on the current state of asset markets.
With the recession that never came to be, stock markets hovering around all time highs & Fed rate cuts in 2024, Darius makes the case that markets are pricing in goldilocks & a 2024 soft landing. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Timestamps:
(00:00) Introduction
(00:39) Markets Are Pricing Goldilocks
(06:29) The Recession That Never Came To Be
(10:55) DAS London Plug
(12:11) 2024 Elections & Janet Yellen's Liquidity Supportive Impulse
(15:25) The Highest Probability Is A Soft Landing In 2024
(21:10) Inflation
(27:06) Rate Cuts In 2024
(30:10) Blockworks Research Ad
(30:58) Oil
(33:21) What Is Happening In China?
(39:56) Bitcoin
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
1/24/2024 • 49 minutes, 21 seconds
The Bitcoin ETFs Attract Billions, Grayscale Outflows Continue
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This week, Mike & Mark discuss whether the Bitcoin ETFs were successful or not? Despite large flows into the Bitcoin ETF products, outflows from Grayscale's ETF have contributed to price declines post ETF launch. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
1/20/2024 • 48 minutes, 47 seconds
Bitcoin's Role In The Debt End Game | Jonah Van Bourg
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This week, Jonah Van Bourg Director at Onyx & Former Global Head of Trading at DRW joins the show for a discussion on his 2024 outlook for both commodity and crypto markets. We deep dive into Jonah's Bitcoin thesis, the U.S debt end game & the outlook for an Ethereum ETF in 2024 & beyond. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-a...
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Timestamps:
(00:00) Introduction
(05:05) Trading Crypto & Commodities
(14:03) Copper Ad
(18:04) Macro Outlook In 2024
(28:22) The Debt End Game
(31:05) The Bitcoin ETFs
(35:55) Das London Plug
(37:12) The Bitcoin Thesis
(44:53) The Crypto Thesis
(48:54) Ethereum ETF
(55:18) Final Thoughts
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
1/17/2024 • 59 minutes, 29 seconds
The Bitcoin ETFs Launch | Weekly Roundup
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This week, Mike & Mark discuss the first day of trading since the Bitcoin ETFs launched. We dive into the flows, volume traded & Vanguards decision to not allow trading of the ETFs on their platform. We then break down this weeks inflation data & what it could mean for the Fed in 2024. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
1/13/2024 • 58 minutes, 18 seconds
Bitcoin ETF Is Approved.. For Real This Time
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Mark Yusko & Michael Anderson join the show for a livestream after the SEC’s approval of the Bitcoin ETF.
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
1/11/2024 • 1 hour, 11 minutes, 21 seconds
The Bitcoin ETF Is Approved | James Seyffart & Matt Hougan
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This week, James Seyffart ETF Research Analyst at Bloomberg & Matt Hougan CIO at Bitwise join the show to discuss the 2024 Bitcoin approval, the SEC hack & what to expect now Bitcoin ETFs are scheduled to begin trading.
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Digital Asset Summit 2024. Use Code: MARGIN10 for a 10% discount. https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
1/10/2024 • 1 hour, 5 minutes, 48 seconds
The Bitcoin ETF: Bitcoin's Bullish Catalyst
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This week, Mike & Mark discuss the Bitcoin ETF ahead of an expected SEC decision next week. Mark makes the case that the Bitcoin ETF will unlock billions of dollars of capital from institutional investors who otherwise wouldn't have access to the asset. To hear all this & more, you'll have. to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount. Prices go up in January! https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
1/6/2024 • 1 hour, 4 minutes, 41 seconds
Jim Bianco's Big Predictions For 2024
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This week, Jim Bianco Founder of Bianco Research joins the show for a wide ranging discussion into macro, crypto & what investors should expect in 2024.
We discuss how to adjust to the end of the 40 year bond bull market, whether the Bitcoin ETF is a positive or negative for the permissionless ethos of crypto & Jim's outlook for the year ahead. To hear all this & more, you'll have to tune in!
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Referenced In The Show:
https://twitter.com/shekfu/status/1740523952362135662/photo/1
Joseph Wang's Markets Outlook 2024: https://www.youtube.com/watch?v=qcU93QeV8X8
--
Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount. Prices go up in January! https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Timestamps:
(00:00) Introduction
(01:08) Reflecting On 2023
(03:04) DAS London Plug
(04:22) The End Of The 40 Year Bond Bull Market
(11:44) Inflation & Real Rates In 2023
(15:32) Jim's Outlook For 2024
(27:28) Blockworks Research Ad
(28:15) The Bitcoin ETF
(52:19) Final Thoughts
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
1/3/2024 • 59 minutes, 31 seconds
2024 Predictions: Two of Crypto's Top Traders | Ansem, Joe McCann
Ansem and Joe McCann join us to discuss their top crypto market predictions for 2024. Ansem and Joe are prolific crypto investors who nailed this year's Solana trade, and they're here to discuss what's next. In this episode, we cover Solana's price mania and outlook, navigating crypto's volatility, Bonk's rise and meme coin virality, the ETH vs. Alt L1 vs. DA trade, 2024's biggest opportunities, how to think like a trader and more!
- -
(00:00) Introduction
(01:13) Solana Mania: 2023 and Beyond
(08:46) How to Navigate Crypto’s Volatility
(14:55) Ansem’s Degen Score
(17:54) Bonk’s Rise and Meme Coin Virality
(28:01) Access Protocol Promo
(29:02) DAS London Plug
(30:00) Today's Investment Landscape
(42:04) Integrated L1s vs Appchains
(47:40) The Celestia and Modular DA Narrative
(52:27) Hottest Predictions for 2024
(59:17) What Are You Most Bearish On?
(01:04:13) DogWifHat: Does the Hat Stay on in 2024?
- -
Access Protocol is the best way to discover premium content from crypto's top publishers and independent creators. Access Protocol has reinvented content monetization, meaning you can access this premium content without endless ads or hard-to-cancel subscriptions.
Access Protocol is crypto-native, built on Solana, and already has 225K users reading content, receiving NFTs and interacting with creators! Use this link to check out Access Protocol today:https://bit.ly/AccessProtocol_Lightspeed
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Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks. Use the link below to learn more, and use LIGHTSPEED20 to get 20% off your ticket! Sign up now because the price goes up every month. See you there!
Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home
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Follow Ansem: https://twitter.com/blknoiz06
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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
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Resources
Asymmetric Capital
https://twitter.com/goasymmetric
https://subscribe.asymmetric.financial/
Lightspeed episode with Ansem
https://spoti.fi/3GZ2slf
Lightspeed episode with Joe
https://spoti.fi/3NHYPE9
- -
Disclaimers:
Lightspeed was kickstarted by a grant from the Solana Foundation.
Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.
1/2/2024 • 1 hour, 9 minutes, 13 seconds
Mark Yusko's Big Calls For 2024
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This week, Mike & Mark discuss the biggest events of 2023 & what to expect in 2024 for stocks, crypto & markets broadly. Thanks for tuning in throughout 2023, & we'll se you in the new year!
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount. Prices go up in January! https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
12/30/2023 • 1 hour, 8 minutes, 34 seconds
Big Calls For 2024 & Beyond | Will Clemente & Felix Jauvin
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This week, Will Clemente & Felix Jauvin of Reflexivity Research join the show for a discussion on the setup for both macro & crypto heading into 2024. To hear all this & more, you'll have to tune in!
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Referenced In The Show:
The Damped Spring Report: https://dampedspring.com/wp-content/uploads/2023/07/The-Script.pdf
--
Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount. Prices go up in January! https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Timestamps:
(00:00) Introduction
(00:35) Inflation & Rate Cuts In 2024
(05:04) DAS London Plug
(06:21) The Rise Of Fiscal Dominance
(09:38) Do Deficits Matter?
(19:04) Bitcoin
(24:17) Blockworks Research
(25:05) Will We Ever See Another Bull Market Like 2020/21 Again?
(30:24) Ethereum
(34:13) Solana
(39:05) Coinbase
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
12/27/2023 • 50 minutes, 3 seconds
How Will Stocks & Crypto Fare In 2024
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount. Prices go up in January! https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
12/23/2023 • 1 hour, 2 minutes, 44 seconds
Everything You Need To Know About The Bitcoin ETF | Eric Balchunas
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This week Eric Balchunas Senior ETF Analyst at Bloomberg joins the show for a discussion on the Bitcoin ETF.
Forecasting a 90% chance of approval in January, Eric walks through what gave him conviction in this prediction & the current things to look out for ahead of the SEC's decision. To hear all this & more, you'll have to tune in!
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Referenced In The Show: Eric Balchunas – The Past, Present & Future of ETFs:
https://open.spotify.com/episode/5vCLwJoKJ13PtCAFAadpFF?si=fb1b2ab9ba2b4ec3&nd=1&dlsi=1f29936becc3469d
--
Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount. Prices go up in January! https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
(00:00) Introduction
(01:49) What Is An ETF?
(06:22) DAS London Plug
(11:50) ETF Distribution
(19:12) The Bitcoin ETF
(26:00) Who Will Win The Bitcoin ETF Race?
(29:53) Grayscale, GBTC & The ETF
(35:16) Blockworks Research Ad
(36:03) Bitcoin ETF vs The Gold ETF Launch
(40:20) Crypto Sentiment
(46:57) Will We See Other Crypto ETFs?
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
12/20/2023 • 54 minutes, 45 seconds
2024 Fed Pivot Fueling The Everything Rally | Weekly Roundup
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount. Prices go up in January! https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
12/16/2023 • 42 minutes, 5 seconds
Bitcoin ETF: A Positive Catalyst For Crypto's Reflexivity | Tim Grant
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This week, Tim Grant CEO of Deus X Capital joins the show for a discussion on where to find the best opportunities in crypto. We discuss Blackrock's ETF, the differences between web2 vs web3 business models & crypto's reflexivity as an asset class. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
(00:00) Introduction
(06:00) Investing In Crypto
(13:23) Web2 vs Web3
(20:41) DAS London Plug
(21:42) Reflexivity In Crypto
(29:23) The Bitcoin ETF
(39:52) Blockworks Research ad
(40:40) The Best Opportunities In Crypto
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
12/13/2023 • 48 minutes, 14 seconds
Bitcoin, Stocks & Bonds Rally - Is It Sustainable? | Weekly Roundup
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
12/9/2023 • 1 hour, 11 minutes, 25 seconds
Bitcoin Breaks $40,000, What Next? | Quinn Thompson
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On today’s episode, Quinn Thompson Head of Capital Markets & Growth at Maple Finance joins the show to discuss his Bitcoin outlook into 2024. We deep dive into the macro outlook for 2024, Bitcoins huge 2023 rally to $44,000 & the next crypto bull market. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-a...
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
12/6/2023 • 58 minutes, 8 seconds
Bitcoin Approaches $40,000 | Weekly Roundup
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This week Mike & Mark discuss the continued bull market as November saw a massive rally in stocks, bonds & crypto. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
12/2/2023 • 1 hour, 5 minutes, 56 seconds
End Game For The "Debt Spiral" | James Lavish
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On today’s episode, James Lavish Managing Partner at The Bitcoin Opportunity Fund joins the show to discuss his debt spiral thesis.
With a "tsunami of debt" on the horizon, James walks through the end game for the unsustainable U.S fiscal path. We discuss the odds of recession in 2024, how to repair the debt problem & which assets will thrive in this environment. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-a...
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Referenced In The Show:
Bitcoin Opportunity Fund: https://www.bitcoinopportunity.fund/
The Informationist: https://www.jameslavish.com/
--
(00:00) Introduction
(00:46) A Recession Is Coming
(06:07) DAS London Plug
(07:25) There's A "Tsunami Of Debt" On The Horizon
(12:17) The Debt Problem
(26:03) Blockworks Research Ad
(26:50) The Debt Spiral
(33:36) The Debt Spiral End Game
(39:06) Bitcoin
(49:16) The Bitcoin Opportunity Fund
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
11/29/2023 • 53 minutes, 49 seconds
The U.S. Dollar Is Overvalued
Jens Nordvig, founder of Exante Data and Marketreader Inc., returns to Forward Guidance to provide a quantitative update on currency and bond markets.
Jens makes the case that interest rates all across the yield curve are likely headed lower as the Federal Reserve’s last hike is in the rearview mirror, and he argues that the U.S. dollar could depreciate against “risk-off” currencies such as the Swiss Franc, Japanese Yen, and even gold. Filmed on November 22, 2023.
--
Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-asset-summit-2024-london
Digital Asset Summit 2024 Black (Rock) Friday Sale. Use Code: BLACKROCKMARGIN for a 20% discount on a 4-pack of DAS tickets: https://blockworks.co/event/digital-asset-summit-2024-london
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--
Timestamps:
(00:00) Introduction
(00:16) It's Been A Busy Year
(02:36) Interest Rate Sensitivity Of U.S. Economy
(13:13) Will There Be A Recession In 2024?
(15:51) Jens' Bull Case For Rates
(22:34) Fed Will Be "Much More Relaxed" If Services Inflation Continues To Moderate
(27:56) Potential For "Big Cuts"
(30:22) An Extraordinary Summer In FX
(33:48) Jens' Bear Case For Dollar Against Gold and Risk-Off Currencies Such As Swiss Franc
--
Disclaimer: Nothing discussed on On The Margin or Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
11/25/2023 • 1 hour, 8 minutes, 36 seconds
Liquidity Is Rising, "Tug Of War" Between Stocks & Bonds | Julian Brigden
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On today’s episode, Julian Brigden Co-Founder of MI2 Partners joins the show to reflect on the current state of markets as financial conditions loosen & markets price in a goldilocks environment, as they deem the Fed's inflation fight over.
We discuss the path ahead for the Fed, the ongoing tug of war between stocks & bonds, the ripple effect of inflation & the structural bear market in the bond market. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-asset-summit-2024-london
Digital Asset Summit 2024 Black (Rock) Friday Sale. Use Code: BLACKROCKMARGIN for a 20% discount on a 4-pack of DAS tickets: https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
11/23/2023 • 1 hour, 14 minutes, 10 seconds
Rising Liquidity Is Supporting A Bull Market | Weekly Roundup
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This week Mike & Mark discuss the inflation print which gave a further lift to equities over the week. Mark dives into the liquidity backdrop that is "driving markets" & what it means for the rest of 2023. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
(00:00) Introduction
(01:52) DAS London
(07:58) Inflation
(18:56) The Debt Problem
(25:47) Blockworks Research
(26:34) Bitcoin
(48:12) When Will The Fed Cut Rates?
(54:05) Artificial Intelligence
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
11/18/2023 • 55 minutes, 25 seconds
Fed's Stealth Liquidity Is Fueling A Stock Market Rally | Michael Howell
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On today’s episode, Michael Howell CEO of CrossBorder Capital joins the show to share his outlook for the global liquidity cycle and what it means for markets throughout 2023 & into 2024.
We deep dive into the mechanics of inflation, the impact of rising interest rate's on global refinancing, the reduced impact of QE from the Fed's shadow QE & the role of crypto & Gold in portfolios. To hear all this & more, you'll have to tune in!
--
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Referecned In The Show:
Stanley Druckenmiller & Paul Tudor Jones: https://www.youtube.com/watch?v=QWccFlgaBxA
--
(00:00) Introduction
(01:53) Liquidity Is Rising
(05:01) The Path Ahead For Inflation In 2024
(09:34) DAS London Plug
(10:52) The Liquidity Spiral
(14:48) The Impact Of Rising Interest Rate's
(17:44) The Liquidity Cycle
(21:38) The Fed's Shadow QE
(25:13) The QRA Fueled A Huge Stock Market Rally
(30:40) Blockworks Research Ad
(31:28) The U.S Fiscal Outlook Will Cause The Fed's Balance Sheet To Rise
(40:29) Gold & Crypto
(42:40) Who Is The New Marginal Buyer Of U.S Debt?
(48:49) Crypto As An Inflation Hedge
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
11/15/2023 • 56 minutes, 19 seconds
Bitcoin Bulls Are Back | Weekly Roundup
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This week Mark & Mike discuss the continued positive price action in crypto as Bitcoin breaks $37,000. To hear all this & more, you'll have to tune in!
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Timestamps:
(00:00) Introduction
(06:16) Bitcoin Breaks $37,000
(17:19) FTX
(27:07) DAS London Plug
(28:25) All Eye's Are Still On The Bond Market
(48:07) Blockworks Research Ad
(48:55) Circle Plans A 2024 IPO
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
11/11/2023 • 1 hour, 4 minutes, 15 seconds
The Path To $100,000 Bitcoin | Adam Back
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On today’s episode, Adam Back Co-Founder & CEO of Blockstream joins the show for a discussion on where we are in the Bitcoin cycle.
We deep dive into the mechanics of the mining sector, developments in the lightning network, whether or not a Bitcoin ETF is good for the ethos of Bitcoin & finally why Adam believes Bitcoin under $100,000 is undervalued. To hear all this & more, you'll have. to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
(00:00) Introduction
(00:36) Chancellor on Brink of Second Bailout for Banks
(05:42) Bitcoin & Bonds
(07:49) Bitcoin ETF
(11:54) DAS London Plug
(13:12) Where Are We In The Bitcoin Cycle?
(17:44) Bitcoin's Path To $100,000
(20:17) Bitcoin Mining
(37:02) Blockworks Research Ad
(37:50) Does More Bitcoin Hashrate Equal More Security?
(46:23) The Bitcoin Security Model
(50:57) Bitcoin Ordinals
(57:05) The Lightning Network
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
11/8/2023 • 1 hour, 2 minutes, 46 seconds
Huge Rally In Stocks & Bonds, What Comes Next? | Weekly Roundup
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This week Mark & Mike discuss the market rally in stocks & bonds after the U.S Treasury's quarterly refunding announcement (QRA).
We also deep dive into Powell's FOMC meeting, the Nonfarm Payroll's data release & this weeks Coinbase earnings. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
11/4/2023 • 54 minutes, 21 seconds
Andy Constan: Janet Yellen's Fueling A Massive Stock Market Rally
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On today’s episode, Andy Constan Founder of Damped Spring & Co-Founder of 2 Gray Beards joins the show to disucss the recent QRA release from the U.S Treasury.
As markets anticipated a higher amount of long end issuance, Andy turned bullish a few days ago when the numbers surprised to the downside & joins the show to explain exactly how he was able to catch this weeks risk on rally. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Timestamps:
(00:00) Introduction
(00:44) Why Andy Wen't Long Risk Asset's Post QRA Announcement
(06:40) Bills vs Bonds Issuance
(11:41) Should The U.S Have Termed Out Their Debt?
(15:46) DAS London Promo
(17:04) Financial Conditions Have Massively Eased
(21:44) We're Back To Act I In The Inflation Cycle
(24:25) Blockworks Research Ad
(25:13) The Consequences Of This QRA Are Being Felt
(32:50) The Path Towards Recession
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
11/3/2023 • 36 minutes, 30 seconds
Michael Kao on November Fed Meeting, Treasury Refunding, & Bond Market Bear Steepening
Michael Kao, former hedge fund manager and private investor, returns to On The Margin alongside Forward Guidance host Jack Farley to break down the U.S. Treasury’s quarterly refunding announcement (QRA) and Fed’s FOMC meeting that marked the first day of November.
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Michael Kao’s article discussed in the show: https://www.urbankaoboy.com/p/re-inflationoilgoldyield-curves-revisiting
__
Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-a... Research, news, data, governance and models – now, all in one place.
As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/ –
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
11/1/2023 • 1 hour, 9 minutes, 14 seconds
Bursting Of The Sovereign Debt Bubble | Arthur Hayes
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On today’s episode, Arthur Hayes CIO at Maelstrom Fund joins the show to explore his current macro framework and how that will impact crypto for the rest of the year & into 2024.
We discuss the bursting of the sovereign debt bubble as bonds continue one of their largest sell-off's in U.S history, the dreaded bear steepener and it's impact on bank balance sheets, market liquidity & how crypto can act as a safe haven during periods of financial repression, deleveraging & inflation. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Referenced In The Show:
Oil: The Making of the Modern World: https://podcasts.apple.com/gb/podcast/167-oil-the-making-of-the-modern-world/id1537788786?i=1000555057140
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Timestamps:
(00:00) Introduction
(00:38) The Debt Problem
(05:43) The Dreaded Bear Steepener
(10:56) Are U.S Banks In Trouble Again?
(15:30) The Social Consequences Of Too Much Debt
(20:19) DAS London Plug
(21:36) Financial Repression
(28:18) Trade Wars Are The Mirror Image Of Currency Wars
(33:11) Blockworks Research
(42:27) Bitcoin
(43:15) The Crypto Bull Market
(54:42) The Bitcoin Halving
(56:05) Liquidity
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
11/1/2023 • 1 hour, 28 seconds
Bitcoin Breaks $35k, The Next Bull Market's Here | Weekly Roundup
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This week, Mike & Mark discuss the recent price action in Bitcoin. As Bitcoin breached $30k, it quickly ran up to $35k as investors anticipated an eventual spot Bitcoin ETF. We also discuss the gamma squeeze that took place, the increasing participation of "hodlers" & the role of the halving. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024. Use Code: MARGIN20 for a 20% discount: https://blockworks.co/event/digital-asset-summit-2024-london
Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
10/28/2023 • 1 hour, 11 minutes, 21 seconds
Dr. Claudio Borio & Joseph Wang on Fiscal Dominance, Financial Instability & the Boundaries Of Debt-Fueled Economic Growth
This episode is from another of Blockworks' shows Forward Guidance. We hope you enjoy & remember to go follow Forward Guidance:
Spotify: spoti.fi/46LGuNR
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Today’s interview is a very special one. Dr. Claudio Borio, renowned economist and Head of the Monetary and Economic Department at the Bank For International Settlements (BIS), joins Joseph Wang of Fedguy.com and Jack Farley for a wide-ranging discussion on the nature of financial instability and the interplay of monetary policy and fiscal policy.
Borio shares insight from recent BIS research on inflationary regimes, financial cycles, and the boundaries of debt-fueled growth. Borio notes that the materialization of interest rate risk has so far been seen in the banking sector, but that we have yet to credit risk. Filmed on October 17, 2023.
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Some of Borio’s and the BIS’ works mentioned in this interview:
“Monetary and fiscal policy: safeguarding stability and trust,” June 2023 Presentation in Basel, Switzerland, Claudio Borio
https://www.bis.org/speeches/sp230625a_slides.pdf
“The two-regime view of inflation,” March 2023, Claudio Borio, Marco Lombardi, James Yetman and Egon Zakrajšek
https://www.bis.org/publ/bppdf/bispap133.pdf
“International banking and financial market developments” BIS Quarterly Review, September 2023
https://www.bis.org/publ/qtrpdf/r_qt2309.pdf
“Does money growth help explain the recent inflation surge?” 26 January 2023, Claudio Borio, Boris Hofmann and Egon Zakrajšek
https://www.bis.org/publ/bisbull67.pdf
“On money, debt, trust and central banking,” January 2019, Claudio Borio
https://www.bis.org/publ/work763.pdf
“Navigating by r*: safe or hazardous?” November 2021, Claudio Borio
https://www.bis.org/publ/work982.pdf
“The financial cycle and macroeconomics: What have we learnt?” December 2012, Claudio Borio
https://www.bis.org/publ/work395.pdf
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__
(00:00) Introduction
(00:32) The Interplay Between Monetary Policy & Fiscal Policy
(09:50) High Levels Of Government Indebtedness As A Risk
(12:35) Just How Interest Rate Sensitive Is The Global Economy?
(15:56) The Financial Cycle
(24:12) The Two Inflationary Regimes
(36:45) Central Bank Balance Sheet Policy (Quantitative Easing & Quantitative Tightening)
(39:34) Liquidity In Sovereign Bond Markets
(46:13) Non-Bank Financial Sector Is "Rife With Hidden Leverage & Maturity Mismatches"
(50:56) Interest Rate Risk Within Banking System
(56:45) Concluding Thoughts On Debt & Inflation
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Disclaimer: Nothing discussed on Forward Guidance or On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
10/26/2023 • 1 hour, 3 minutes, 8 seconds
Bitcoin Bounces To $30k, The Bond Sell-Off Continues | Weekly Roundup
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This week, Mike & Mark discuss the false Bitcoin ETF headline that sent Bitcoin soaring to $30,000, before diving into the broader crypto price action over the week. We then discuss the continued bond market sell-off that has lead to one of the worst bond bear markets in U.S history. To hear all this & more, you'll have to tune in!
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
10/21/2023 • 1 hour, 2 minutes, 1 second
An "Ocean Of Liquidity" Is Reversing | Neal Berger
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On today’s episode, Neal Berger Founder of Eagle’s View Capital Management joins the show for a discussion on navigating the uncertain year of 2023.
After launching his contrarian macro fund in 2021, and posting some of the best hedge fund returns in 2022 of 163%, Neal describes how 2023 has been a "challenging year" as his fund remains short stocks & bonds. Expecting the bond market sell-off to continue, Neil shares the path ahead for the rest of 2023 & into 2024. To hear all this & more, you’ll have to tune in!
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
(00:00) Introduction
(00:40) 2023 Has Been Challenging
(06:43) This Bond Market Sell-Off Isn't Over
(11:12) Higher Interest Rates Are Negative For Stocks
(14:12) Blockworks Research Ad
(14:59) The Ocean Of Liquidity Is In Reverse
(27:30) Looking Ahead To 2023/2024
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
10/18/2023 • 36 minutes, 29 seconds
Inflation Has Peaked, Unless Oil Resurges | Weekly Roundup
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This week Mike & Mark discuss the recent sentiment in crypto markets. We then dive into this weeks CPI print, the bond market & how recessionary headwinds could start to emerge in the coming months. To hear all this & more, you’ll have to tune in!
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Digital Asset Summit 2024 | London: https://blockworks.co/event/digital-asset-summit-2024-london
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
10/14/2023 • 53 minutes, 56 seconds
Bond Market Sell-Off Will Drive Equities Lower | Andy Constan & Nick Givanovic
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On today’s episode, two hedge fund veterans Andy Constan & Nick Givanovic, Co-Founders of 2 Gray Beards join the show for a discussion on the recent bond market sell-off, the journey towards recession island in 2024 & the path ahead for equity weakness depending on the U.S Treasury's QRA at the end of October. To hear all this & more, you'll have to tune in!
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Referenced In The Show:
Logan’s speech is worth reading: the “why” of this recent bond selloff matters importantly for the Fed: https://twitter.com/NickTimiraos/status/1711371085889864063
The U.S. Treasury Is Neutralizing The Fed's Quantitative Tightening | Michael Howell & Andy Constan: https://www.youtube.com/watch?v=5nZwrE_uNcg
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
Timestamps:
(00:00) Introduction
(01:28) How To End An Inflation Cycle
(06:43) A Wave Of U.S Treasury Issuance Is Coming To Market
(17:12) The Fed Will Be Happy With The Bond Market Sell-Off
(19:43) Blockworks Research Ad
(20:30) The U.S. Treasury Is Neutralizing The Fed's Quantitative Tightening
(27:48) Debt & Deficits
(35:11) Reacting To Geopolitical Uncertainty In Markets
(41:33) Preparing For Act 4 In A Move To Recession Island
(47:41) Inflation
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
10/11/2023 • 58 minutes, 39 seconds
The Global Wrecking Ball: Surging Yields, U.S Dollar & Oil | Weekly Roundup
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This week, Mike & Mark discuss the historic declines in the bond market with the long end sell-off continuing. We also discuss the blowout payrolls data, which under the surface may not be as hot as the headline suggests. To hear all this & more, you'll have to tune in!
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Digital Asset Summit 2024 | London: https://blockworks.co/event/digital-asset-summit-2024-london
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/01:15 Renewed Bond Bear Market
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Timestamps:
(00:00) Introduction
(03:14) DAS London
(06:11) Sell-Off In The Bond Market
(11:24) Payrolls Come In Hot
(18:54) The Global Wrecking Ball: Oil, U.S Dollar & U.S Yield's
(24:36) Blockworks Research Ad
(25:24) Beware Of FOMO
(35:10) Diving Into The Payrolls Data
(37:25) Are Equities About To Crack?
(41:49) What Stops This Bond Market From Selling Off?
(44:27) The BoJ Steps In To Curb Yen Losses
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
10/7/2023 • 57 minutes, 47 seconds
China's Old Economic Model Is Dying | Leland Miller
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On today’s episode, Leland Miller CEO of China Beige Book joins the show for a discussion on the death of China's old economic model.
With China's weaker than expected reopening & many expecting the imminent collapse of China, we invited Leland Miller to the show to give a data driven look into the Chinese economy, to help us understand what is really going on beneath the surface. To hear all this & more, you'll have to tune in!
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
(00:00) Introduction
(02:31) Thing Aren't Great In China, But It Isn't Collapsing
(10:20) China's Old Economic Model Is Dying
(14:05) Xi Jinping's Push To "Common Prosperity"
(20:59) Blockworks Research Ad
(21:46) Inflation & Deflation In China
(27:30) How China's Growth Impacts Market's
(32:46) China's Rippling Inflation Impact
(37:54) U.S & China Relations
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
10/4/2023 • 46 minutes, 59 seconds
The Next Phase Of The Bond Bear Market | Weekly Roundup
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Mike and Mark tackle an explosive week of tremendous pain in the bond market alongside a continuing surge in oil prices. The pair consider the news surrounding potential Bitcoin and Ether ETFs, and Mark reminds listeners of his saying that "risk cannot be destroyed, it can only be transformed." Filmed on September 29, 2023.
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/01:15 Renewed Bond Bear Market
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(00:00) Introduction
(01:38) Renewed Bond Bear Market
(11:57) Oil Surges Again
(27:58) Blockworks Research Ad
(28:45) Bitcoin & Ether ETFs
(38:43) Sinister Saturday: Does Inflation Benefit The Elites?
(51:28) "Risk Is Like Energy: You Cannot Destroy It, You Can Only Transform It"
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
9/30/2023 • 1 hour, 13 seconds
Is Goldilocks Going To End Soon? | Darius Dale
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Darius Dale, founder of 42Macro, returns to On The Margin to update Mike on his views on stocks, bonds, and the economy. Dale expects a true soft landing will be unlikely in the absence of a productivity boom, and, having correctly called the economic resiliency of the U.S. this year, he explains why he is now expecting a hard landing. Filmed on September 21, 2023.
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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(00:00) Introduction
(01:38) The Fed's New Dot Plot
(09:08) Darius's View On Interest Rates & Bond Yields
(20:50) Blockworks Research Ad
(21:37) The Sticky Inflation Narrative
(30:04) Darius' Outlook on Stocks & Bonds
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
9/27/2023 • 40 minutes, 9 seconds
The Market Doubts The Fed | Weekly Roundup
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
(00:00) Introduction
(01:10) Fed Meeting
(17:06) Foreign Holdings Of Treasurys
(26:20) Blockworks Research Ad
(27:07) Market Views On Stocks and Bonds
(55:27) Crypto & Bitcoin
9/23/2023 • 1 hour, 18 minutes, 24 seconds
Brent Johnson: “Heaven Help The World If Dollar Continues To Skyrocket”
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On today’s episode, Brent Johnson of Santiago Capital returns to On The Margin to share his view on the scorching summer rally in the U.S. dollar against other currencies. The surge in the dollar has been so fast and steady that Johnson expects a pullback, however, he warns that if the dollar continues to skyrocket then “heaven help the world.”
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
(00:00) Introduction
(00:43) Where Is The Dollar Headed?
(11:59) Federal Reserve and Treasury Bond Prices
(21:19) Blockworks Research Ad
(22:07) Japan & China
(38:00) Inflation and Interest Rates
(44:20) Brent's Views on Recession Risk
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
9/20/2023 • 54 minutes, 52 seconds
A Second Bout Of Inflation, Or Disinflation?
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This week, Mike & Mark reflect on Blockworks' very own Permissionless II conference down in Austin after a busy week of panels, networking & most of all... Texas BBQ! We then take a deep dive into this weeks inflation data. Should we expect a second bout of inflation, or is disinflation still the consensus view? To hear all this & more, you'll have to tune in!
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
9/16/2023 • 51 minutes, 56 seconds
A Wave Of Treasury Issuance Will Cause Bond Yields To Surge | Andy Constan & Bob Elliott
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On todays episode, Andy Constan Founder of Damped Spring Macro Research & Bob Elliot CIO at Unlimited Funds join the show for a discussion on the emerging signs of a recessionary slowdown, the wave of U.S treasury issuance & it's impact on the long end of the bond market. To hear all this & more, you'll have to tune in!
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
(00:00) Introduction
(01:11) Fading A Recession In 2023, But Are The Tides Turning?
(10:55) Central Banks Have Capitulated On Their Inflation Fight
(19:04) Blockworks Research Ad
(19:51) Understanding The Bond Market Repricing
(27:24) U.S Treasury Issuance Will Cause A Further Decline In Markets
(31:50) Inflation
(36:36) A Credit Crisis Is Unlikely
(51:03) How Have Hedge Funds Performed In 2023?
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
9/13/2023 • 1 hour, 2 minutes, 44 seconds
Bankruptcies Are On The Rise | Weekly Roundup
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This week Mike & Mark discuss the rise of bankruptcy filings in the U.S. To hear all this & more, you'll have to tune in!
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
9/9/2023 • 1 hour, 12 minutes
The Interest Rate Shock Hasn't Been Felt Yet | Cameron Dawson
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On todays episode,Chief Investment Officer at NewEdge Wealth Cameron Dawson joins the show for a discussion on the impact of higher interest rates. We discuss the economy's sensitivity to higher interest rates, Powell's shift to being a hawk vs his career as a dove & what we can learn from the most recent earnings season. To hear all this and more, you'll have to tune in!
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
9/6/2023 • 50 minutes, 42 seconds
Grayscale's Victory vs The SEC | Weekly Roundup
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This week Mike & Mark discuss Grayscale's victory vs the SEC and what it means for the approval of a Bitcoin ETF. To hear all this & more, you'll have to tune in!
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
9/2/2023 • 57 minutes, 57 seconds
A Bitcoin ETF Is Coming, It's Just A Matter Of When | Charles Edwards
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On today's episode, Charles Edwards Founder of Capriole Investments, a Bitcoin & digital asset quant hedge fund joins the show for a discussion on the positive setup for Bitcoin heading into 2024.
Charles walks us through the potential setup he sees for 2024 & beyond in the Bitcoin & crypto markets tracking a number of key indicators including on chain data, the Capriole macro index, Bitcoin's halving schedule, hash ribbons & the wave of liquidity Grayscale's win vs the SEC could introduce as investors await a full Bitcoin ETF approval. To hear all this & more, you'll have to tune in!
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
--
(00:00) Introduction
(00:37) The Three Factor Model
(03:53) The Relationship Between Liquidity & Bitcoin
(06:35) The Bitcoin Halving
(11:23) Permissionless Plug
(12:34) Grayscale vs The SEC
(18:05) Bitcoin's 10-Year Trajectory
(24:48) $COIN & $MSTR: Understanding Demand For Crypto
(30:48) Capriole’s Macro Index
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
8/31/2023 • 39 minutes, 15 seconds
The Zero Interest Rate Era Is Over, What Next? | Weekly Roundup
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This week, Mike & Mark discuss the slew of macro data over the past few weeks. We also deep dive into the sell-off in Bitcoin last week from $30,000 to $26,000, China's slowdown, the housing market & more! To hear all this & more, you'll have to tune in!
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
8/26/2023 • 1 hour, 6 minutes, 56 seconds
The U.S Dollar Wrecking Ball In A China Shop | Michael Kao & Nick Glinsman
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On today's episode of On The Margin, Michael Kao former hedge fund manager turned private investor & Nick Glinsman Co-Founder at Malmgren-Glinsman Partners join the show.
With every recent headline revolving around China, we invite two China watchers to the show for a deep dive on China's debt problem, real estate headwinds & battle with outright deflation. We discuss the impact of the "U.S Dollar wrecking ball", which has being swinging in Asia, and what "trouble" lies ahead for the U.S treasury market. To hear all this & more, you'll have to tune in!
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Referenced In The Show:
Geopolitics/Inflation/USD-Ball In A China Shop: https://www.urbankaoboy.com/p/re-geopoliticsinflationusd-ball-in
USD/China - The Donkey Kong Dollar Peg: https://www.urbankaoboy.com/p/re-usdchina-the-donkey-kong-dollar
Inflation/Real Estate - CRE Trends / The Strong US Consumer & The "Ivan Drago" Fed: https://www.urbankaoboy.com/p/re-inflationreal-estate-cre-trends
Mental Models-Destructive/Constructive Interference In Econ Cycles: https://www.urbankaoboy.com/p/re-mental-model-destructiveconstructive
USD Wrecking Ball - Whither Art Thou?: https://www.urbankaoboy.com/p/re-usd-wrecking-ball-whither-art
Inflation-The Case for Bear Steepening/Why The Fed Won’t Pivot Soon: https://www.urbankaoboy.com/p/re-inflation-the-case-for-bear-steepeningwhy
Geopolitical Mosh Pits & Sovereign Debt Endgames: https://twitter.com/UrbanKaoboy/status/1578888215494156289
West Point Paper -- Part 1/4: https://www.urbankaoboy.com/p/west-point-paper-part-14?r=jt0hj
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Timestamps:
(00:00) Introduction
(00:44) USD Wrecking Ball In A China Shop
(11:05) China’s 40-Year Boom Is Over
(26:13) Permissionless Ad
(27:24) What's Causing The Bond Market Sell-Off?
(36:56) Bull vs Bear Steepening: Making Sense Of The Yield Curve
(44:40) Blockworks Research
(45:27) Geopolitical Mosh Pits & Sovereign Debt Endgames
(58:06) The Sovereign Debt Endgame
(01:04:21) China's Impending Minsky Moment
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
8/23/2023 • 1 hour, 15 minutes, 51 seconds
Housing Market Downturn Isn't Over
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This week Mike is on holiday, so we bring you a special episode of Forward Guidance hosted by Jack Farley with Ivy Zelman Founder and CEO of Zelman & Associates.
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin or Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
8/19/2023 • 1 hour, 57 seconds
The Blockworks Origin Story
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Subscribe To Empire On YouTube: https://tinyurl.com/4fdhhb2j
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This is a special episode taken from the Empire podcast hosted by Blockworks Co-Founder Jason Yanowitz, private investor Santiago Santos & Framework Ventures Co-Founder Michael Anderson.
On todays episode we deep dive into the Blockworks origin story. We start at the very beginning in 2017, leading all the way through to 2023 & the ensuing 18 months ahead. We discuss the challenges of scaling a business, surviving March 2020, the evolving thesis for Blockworks' growth & trajectory and what it takes to build a great media business in the 21st century. To hear all this & more, you'll have. to tune in!
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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Timestamps:
(00:00) The Blockworks Start
(08:20) Entrepreneur Mindset Origination
(11:42) Determining Product Categories
(19:18) The March 2020 Pivot
(24:12) Competitive Landscape
(30:26) The Hiring Difference
(34:36) Cycle Sentiment Check-in
(39:24) Aligning Teams in Crypto
(43:37) Target Audience
(47:04) Permissionless
(48:30) Evolving Thesis Approach
(57:03) Narrative Pulse Check-in
(01:00:02) Crypto's Killer App
(01:02:38) Why Back Blockworks?
(01:13:11) The Biggest Mistake
(01:16:16) The DAO Thesis
(01:23:12) Staying Interested Advice
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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.
8/9/2023 • 1 hour, 32 minutes, 54 seconds
Balaji Srinivasan: Crypto Networks, Sovereignty & Decentralization with Akshay BD
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This is a special episode of Lightspeed, Blockworks' newest podcast, where we interview Balaji Srinivasan and Akshay BD to discuss crypto networks, sovereignty and the practicality of decentralization. If you only tune in to one episode of Lightspeed, this is it. We discuss if crypto is a bet on tech or financial collapse, blockchain infrastructure ideologies, Balaji's Network State, how to build effective communities, the future of open source, combatting tribalism and more!
We're dropping this episode here as we think you'll want to add Lightspeed to your podcast lineup!
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--
Timestamps:
(00:00) Introduction
(03:01) Is Crypto a Bet on Tech or Financial Collapse?
(08:04) Appchains vs Monolithic vs Modular Ideology
(13:07) Why Akshay Joined the Solana Community
(15:54) Permissionless Promo
(16:54) The Network State
(31:21) Market Depth and the Overton Window
(37:25) How to Build Effective Communities
(43:43) Three Ways to Align People
(50:11) How to Combat Tribalism
(01:03:54) Crypto has PMF, Regulation is Holding it Back
(01:14:57) Will Centralized Companies Embrace Open Source?
(01:17:28) Advice for Startup Founders
--
Resources
Jito
jito.network
The Network State
https://thenetworkstate.com/
The Network State (Balaji, Estonia 2015)
https://teleport.org/blog/2015/07/the-network-state/
Software is Reorganizing the World (Balaji, 2011)
https://www.wired.com/2013/11/software-is-reorganizing-the-world-and-cloud-formations-could-lead-to-physical-nations/
The Secret Document That Transformed China
https://www.npr.org/sections/money/2012/01/20/145360447/the-secret-document-that-transformed-china
SuperTeam
https://superteam.fun/
https://twitter.com/SuperteamDAO
- -
Disclaimers:
Lightspeed was kickstarted by a grant from the Solana Foundation.
Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mert, Garrett and our guests may hold positions in the companies, funds, or projects discussed.
7/27/2023 • 1 hour, 21 minutes, 15 seconds
Powell Raises Rates To A 22-Year High, Is This The End? | Jim Bianco
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On today's episode of On The Margin, Jim Bianco Founder of Bianco Research LLC joins the show to break down Powell's comments after the Fed raises rates 25bps to a 22-year high. Will this rate hike mark the end of the Fed's hiking cycle, or could we see a resurgence in inflation as month over month base effects begin to impact the year over year headline CPI number. To hear all this & more, you'll have to tune in!
--
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
7/26/2023 • 55 minutes, 23 seconds
The Recession Paradox | Alfonso Peccatiello
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--
Alfonso Peccatiello, founder of The Macro Compass, returns to Forward Guidance to discuss why there's no U.S. recession as of yet, how long is the lag of rate hikes' effect on the economy, and why bonds haven't performed well despite a rapid fall in inflation. Jack and Alfonso debate whether central banks print money, and Alfonso poses a spirited challenge to the predictive power of liquidity (bank reserves) on risk assets. Filmed on July 12, 2023.
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The Macro Compass: https://t.co/zmbDLZ99iN
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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:
https://rb.gy/5weeyw
Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos
--
(00:00) Introduction
(00:33) The Recession That Didn't Show Up
(11:48) How Big Is The Tightening of Credit Availability?
(20:33) Is Quantitive Easing (QE) "Money Printing"? Jack & Alf Debate
(30:12) Money Printing Type #1: Fiscal Deficits
(39:13) Money Printing Type #2: Bank Lending
(47:20) Money Printing Type #3: Non-Bank Lending
(50:37) Can "Liquidity" Explain Market Returns? Alf Says No!
(01:02:01) Why Haven't Bonds Performed As Inflation Has Fallen?
(01:07:51) When Recession?
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Disclaimer: Nothing discussed on Forward Guidance or On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
7/19/2023 • 1 hour, 12 minutes, 46 seconds
Recession Cancelled: Crypto Summer Is Here | Weekly Round-up
With Mike out, Jack Farley of the Forward Guidance podcast fills in to guest-host this episode. Mark and Jack talk about everything from the Knights Templar to the potential approval of Blackrock's spot Bitcoin ETF.
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Use code GUIDANCE20 to get 20% off Permissionless 2023 in Austin:
https://blockworks.co/event/permissionless-2023Research, news, data, governance and models – now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
7/15/2023 • 1 hour, 15 minutes, 28 seconds
Central Banks Fight Inflation, China Battles Deflation | Nick Glinsman
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On todays episode Nick Glinsman Co-Founder at Malmgren-Glinsman Partners joins the show for a discussion on the current global macro outlook in 2023 as we enter the second half of the year.
While central banks continue to fight fiscal driven inflation using monetary policy, Nick argues that financial conditions are still too loose as markets continue to rally, credit remains contained & most importantly the labor market remains near record low unemployment. After taking us on a global tour of the inflation situation in the U.S, U.K & Europe Nick shares why China is actually battling deflation, and what the path ahead for the PBOC could look like. To hear all this & more, you'll have to tune in!
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Use code PODS20 to get 20% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023
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Referenced In The Show:
Malmgren Institute LLC: https://d5d0c2-2.myshopify.com/
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Timestamps:
(00:00) Introduction
(00:33) The Labour Market Remains Strong... For Now
(09:53) Quantitative Tightening & Liquidity
(15:09) Permissionless II Ad
(15:58) The Fed's Stuck Between A Rock & A Hard Place
(16:40) An Update On The March Banking Turmoil
(22:00) The Power Of Fiscal Policy
(23:54) Debt, Demographics & Deglobalization
(28:57) Is The UK Economy In Crisis?
(38:35) Research Ad
(39:24) Further Risks For Private Equity?
(41:04) Why Is China Battling Deflation
(51:44) Is China's Liquidity Impulse Really Stimulative?
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
7/12/2023 • 58 minutes, 27 seconds
Is Global Liquidity Beginning To Resurge? | Weekly Round Up
This week, Mike & Mark discuss the busy news week beginning with the Fed's decision to pause rate hikes, leading many to believe this could be the end of the hiking cycle despite Powell's comments that “nearly all committee participants expect it will be appropriate to raise towards the end of the year”.
We then discuss the global liquidity picture as China hints at more stimulus, the Fed pauses & markets continue ripping higher. Finally, we take a look at Blackrock's Bitcoin ETF filing and wether this will be a net benefit or negative for the crypto space. To. hear all this & more, you'll have to tune in!
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Use codePODS20 to get 20% off Permissionless 2023 in Austin: https://blockworks.co/event/permissio...
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
6/17/2023 • 52 minutes, 52 seconds
Did The Federal Reserve Just Back Down? | Joseph Wang
On today's episode of On The Margin we invite Joseph Wang CIO at Monetary Macro for a discussion on Powell's press conference post FOMC. With Tuesday's CPI report coming in-line with expectations, the Fed Funds rate now rests above the year over year inflation number. The number one question market participants are now asking themselves is will the Fed continue to hike, or is the hiking cycle about to reverse? Luckily, we have the perfect guest to help answer that question, but to hear that, you'll have to tune in!
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
Use codePODS20 to get 20% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023
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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:
https://rb.gy/5weeyw
Market commentary, charts, degen trade ideas, governance updates, token performance, can’t-miss-tweets and more. Subscribe to the Blockworks Research “Daily Debrief” Newsletter: https://rb.gy/feusos
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
6/14/2023 • 1 hour, 15 minutes, 53 seconds
Meme Mania: Why You Should Pay Attention | 1000x
SPECIAL EPISODE: This is an episode of Blockworks' new podcast called 1000x! 1000x is a crypto markets podcast hosted by professional traders Avi Felman and Jonah Van Bourg that is for traders by traders (or anyone interested in trading/markets).
In this episode, Avi and Jonah discuss Bitcoin's outlook and recent meme coin mania. We start with a discussion on Bitcoin and if bank failures are priced in, what it will take for BTC to break past the 30K range and if institutions are buying. Avi and Jonah then debate if we'll ever see 2021s perfect storm again. Meme coins are pumping, blockspace demand is saturated, and market sentiment is shifting. Is this a market turning point or just a short-term phenomenon? Tune in to find out!
We'll drop a new 1000x episode on Empire's RSS feed and the 1000x YouTube channel every two weeks. Hit the links below and give us a follow!
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Timestamps:
(00:00) Introduction
(00:32) Are Bank Failures Priced In?
(07:31) The Impact of a Potential US Default
(12:51) Repeating 2021’s Perfect Storm
(18:03) Meme Mania: Why You Should Pay Attention
(31:30) Deflationary ETH and Blockspace Fee Generation
(36:34) BTC Miner Revenue and BRC-20s
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Follow Avi: https://twitter.com/AviFelman
Follow Jonah: https://twitter.com/jvb_xyz
Follow 1000x: https://twitter.com/1000xPod
Subscribe on YouTube: https://bit.ly/3FuSarX
Subscribe on Apple: https://tinyurl.com/mv4frfv7
Subscribe on Spotify: https://tinyurl.com/wbaypprw
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
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Resources:
Golden Tree
https://www.goldentree.com/
Cumberland
https://cumberland.io/
BRC-20.io
https://brc-20.io/
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Disclaimer: Nothing said on 1000x is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.
5/11/2023 • 48 minutes, 13 seconds
The Banking Panic Isn't Over Yet | Weekly Round Up
This week, Mike & Mark discuss the continued banking panic after First Republic Bank lost around $100 Billion in deposits & saw its stock plunge over 95%. We then discuss the recent price action in the crypto market with Bitcoin hovering around $30,000 as some OG crypto whales begin moving coins in addresses that haven't seen activity in years. To hear all this and more, you'll have to tune in!
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Research, news, data, governance and models – now, all in one place. As a listener of On The Margin, you can use code "MARGIN10" for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/
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Use code MARGIN10 to get 10% off Permissionless 2023 in Austin: https://blockworks.co/event/permissionless-2023
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
4/29/2023 • 1 hour, 9 minutes, 32 seconds
Governor Kuroda: The Decade’s Most Consequential Central Banker
This debut episode is from our brand new podcast Market Depth hosted by Weston Nakamura. Follow Market Depth using the links below to stay up to date with the latest episodes!
Follow Market Depth On Spotify: https://spoti.fi/3mVTs9U
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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
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Disclaimer: Nothing discussed on Market Depth or On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
3/16/2023 • 47 minutes, 54 seconds
Crypto in 2023: Predictions Episode | Weekly Round Up
In today’s episode of On The Margin, we bring on Jason and Santi from Empire to discuss our 2023 crypto thesis. We debate predictions on the Wallet Wars, ETH vs Bitcoin, the rise of insurance, app-specific vertical integration, the adoption of CBDCs, Coinbase vs DEXs, MEV as a business model and more!
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Timestamps:
(00:00) Introduction
(02:30) Crypto’s 2022 Wrapped
(12:18) The Bottom is in for Crypto, not for Equities
(19:46) Kings of Spot & NFT Trading Will Lose Market Share
(22:50) Stablecoins, DeFi’s Resurgence and Permissioned Protocols
(28:10) Regulators are Coming, and the CBDC debate
(33:31) MEV will be the Business Model for DeFi & Exchanges
(42:13) No Industry Takes Off Without Insurance
(48:57) A Market Bottom & the Value of Memes
(52:44) Curve ad
(54:00) ETH vs Bitcoin (spicy)
(1:05:13) Miner Capitulation, Wallet Wars & Gaming
(1:12:54) Vertical Integration, Privacy and Payments
(1:19:13) The Rise of Professional Guilds
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Follow Mark: https://twitter.com/MarkYusko
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Empire links:
Subscribe on YouTube: https://tinyurl.com/4fdhhb2j
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Follow Empire: https://twitter.com/theempirepod
On The Margin links:
Subscribe on YouTube: https://bit.ly/3YGtdml
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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
12/24/2022 • 1 hour, 25 minutes, 17 seconds
The Crypto Trader's Mindset | 1000x
Blockworks just released a new podcast called 1000x! We're dropping the first episode here as we think you might want to add this podcast to the lineup. 1000x is a crypto markets podcast hosted by professional traders Avi Felman and Jonah Van Bourg that dives deep into the macro and micro factors that represent the lifeblood of digital money and web3.
In this episode, Avi and Jonah discuss how to think like a crypto trader. They explore how today's market compares to the 2018 bear, where to look for opportunities, the investment landscape post-FTX and our top investing frameworks.
A new 1000x episode will drop on Empire's RSS feed and the 1000x YouTube channel every two weeks.
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Timestamps:
(00:00) Introduction
(00:28) Why We Started 1000x
(06:18) Today’s Market Compared To 2018
(16:17) How To Think About Trading Markets
(23:25) Market Structure Post-FTX
(28:05) Managing Risks
(36:30) Investing Frameworks
(48:12) Crypto Is Here To Stay
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Follow Avi: https://twitter.com/AviFelman
Follow Jonah: https://twitter.com/jvb_xyz
Follow 1000x: https://twitter.com/1000xPod
Subscribe on YouTube: https://bit.ly/3Fw083Z
Subscribe on Apple: https://tinyurl.com/mv4frfv7
Subscribe on Spotify: https://tinyurl.com/wbaypprw
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
- -
Resources
Golden Tree
https://www.goldentree.com/
Cumberland
https://cumberland.io/
Avi's psychology of a market tweet
https://twitter.com/AviFelman/status/1595176484766883843
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Disclaimer: Nothing said on 1000x is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.
12/15/2022 • 54 minutes, 25 seconds
The FTX Collapse Spreads To Genesis | Weekly Round Up
This week, Mark & Mike discuss the continued fallout of FTX. Genesis, the crypto prime broker, ran into liquidity issues during the week causing many yield providing platforms to reduce their yields to 0%. We discuss what this could mean for CeFi lending providers, and who it could effect next. To hear all this and more, you'll have to tune in!
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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
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This episode is sponsored by Curve. Curve is unlike any other credit card. It gives you the power to connect multiple credit and debit cards into one, convert your cashback into crypto rewards, Go Back in Time ®, create Smart Rules, and more. Apply now through https://onthemargin.link/curve, you’ll earn $20 in Curve Cash after your first transaction. So sign up today! Terms and conditions apply.
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
11/19/2022 • 59 minutes, 54 seconds
Introducing: On the Margin with Michael Ippolito
Every Wednesday, Michael Ippolito sits down with the most gifted minds in macro to discuss current events in markets, asset management, and the continued adoption of digital assets.
Every Saturday, Michael and Tyler Neville, Senior Editor at Blockworks, recap the week's most significant relevant news.
This is On the Margin. Our first interview goes live March 17, 2021, and our first recap on March 20.