Month: March 2024

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CoinDesk Podcast Network - UNCHAINED: Bitcoin’s Price Is Way Up. And $48 Trillion in Wealth Just Got Access

Alex Thorn unpacks how ETFs, long-term holders, and the upcoming halving should push Bitcoin’s price to over $100,000 by the end of the year.


Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.

After a week in which Bitcoin nearly hit its all-time high, Alex Thorn, head of firmwide research at Galaxy, joins Unchained to discuss the pivotal role of ETF inflows in Bitcoin's recent price surge, the nuanced behaviors of long-term versus short-term holders, and the potential impacts of upcoming halvings and institutional involvement on the market's future trajectory. 

Alex offers deep insights into the market value to realized value Z-score, explaining its relevance in assessing Bitcoin's valuation. He also delves into the implications of major financial institutions like Merrill and Wells Fargo embracing Bitcoin ETFs for their clients. Furthermore, Thorn speculates on the timing and conditions for an "altcoin season" and shares his price predictions for Bitcoin by the end of the year.

Learn more: Bitcoin ETFs Explained: What Are They & How Do They Work?


Show highlights:

  • The main drivers for Bitcoin's recent surge, according to Alex
  • Whether long-term Bitcoin holders are selling due to the recent surge in price
  • What the MVRV (market value to realized value) Z-score is and how Alex uses this metric to assess the Bitcoin market
  • Why Alex believes this period in Bitcoin's history is distinct
  • What the implications of Merrill and Wells Fargo offering Bitcoin ETFs to their customers are, and how this expands Bitcoin's institutional appeal
  • How the upcoming halving could affect the price, especially since Bitcoin is already closer to all-time highs than previous times ahead of the halving
  • Why Alex thinks this might be the first time that highs in bitcoin and ether do not lead to an "altcoin season"
  • Alex's price prediction for Bitcoin by the end of the year

Thank you to our sponsors!

Uniswap  |  iTrustCapital  |  Polkadot

Guest | 

Alex Thorn, Head of Firmwide Research at Galaxy

Previous appearance on Unchained: How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection

Links | 

Recent coverage on Unchained of Bitcoin’s surge: 

Should You Sell Bitcoin Now That It’s Nearing Its All-Time High?

Bitcoin Watchers React to BTC Returning to the $60,000 Mark

Coinbase App Crashes Amid Bitcoin’s Massive Rally

Bitcoin Price Surges Past $61,000

Others:

The Block: JPMorgan says bitcoin price could drop towards $42,000 post April halving

Bloomberg: BofA’s Merrill, Wells Fargo Offer Bitcoin ETFs to Wealth Clients

Previous coverage on Unchained of spot Bitcoin ETFs:

Why Some Brokerage Firms Are Blocking Access to Spot Bitcoin ETFs

Why Spot Bitcoin ETFs Are Likely to Finally Start Trading on Thursday 

Why the SEC May Want Cash Creation of Spot Bitcoin ETFs

Why It Looks Like BlackRock Could Win America’s First Spot Bitcoin ETF

Will a Spot Bitcoin ETF Finally Get Approved?

The 4 Factors That Will Determine Which Spot Bitcoin ETFs Win Market Share

How Much Money Will Flow Into Bitcoin ETFs? Here’s One Projection

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Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. 

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Consider This from NPR - Are We Alone In The Universe?

Are we alone in the universe?

It's a question that's been posed again and again. Carl Sagan posed it in the 1970s as a NASA mission scientist as the agency prepared to send its twin Viking landers to Mars.

And nearly 50 years after the first of two landers touched down on Mars, we're no closer to an answer as to whether there's life — out there.

Scientists haven't stopped looking. In fact, they've expanded their gaze to places like Saturn's largest moon, Titan and Jupiter's moon Europa.

The search for life beyond planet earth continues to captivate. And NASA has upcoming missions to both moons. Could we be closer to answering that question Carl Sagan asked some 50 years ago?

For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.

Email us at considerthis@npr.org.

Learn more about sponsor message choices: podcastchoices.com/adchoices

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Consider This from NPR - Are We Alone In The Universe?

Are we alone in the universe?

It's a question that's been posed again and again. Carl Sagan posed it in the 1970s as a NASA mission scientist as the agency prepared to send its twin Viking landers to Mars.

And nearly 50 years after the first of two landers touched down on Mars, we're no closer to an answer as to whether there's life — out there.

Scientists haven't stopped looking. In fact, they've expanded their gaze to places like Saturn's largest moon, Titan and Jupiter's moon Europa.

The search for life beyond planet earth continues to captivate. And NASA has upcoming missions to both moons. Could we be closer to answering that question Carl Sagan asked some 50 years ago?

For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.

Email us at considerthis@npr.org.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy
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Consider This from NPR - Are We Alone In The Universe?

Are we alone in the universe?

It's a question that's been posed again and again. Carl Sagan posed it in the 1970s as a NASA mission scientist as the agency prepared to send its twin Viking landers to Mars.

And nearly 50 years after the first of two landers touched down on Mars, we're no closer to an answer as to whether there's life — out there.

Scientists haven't stopped looking. In fact, they've expanded their gaze to places like Saturn's largest moon, Titan and Jupiter's moon Europa.

The search for life beyond planet earth continues to captivate. And NASA has upcoming missions to both moons. Could we be closer to answering that question Carl Sagan asked some 50 years ago?

For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.

Email us at considerthis@npr.org.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy
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Stuff They Don't Want You To Know - The Tainted Polio Story

For much of human history, polio was absolutely terrifying. People weren't sure how it spread, they had no idea how to treat it, and they realized anyone could be infected. This changed with the emergence of polio vaccination, which was considered, for the most part, a massive success. But the rush to get this treatment finalized and out to the public led to one of the worst vaccine disasters in human history: investigators quickly learned the polio vaccine was actually giving people polio. Tune in to learn more.

They don't want you to read our book.: https://static.macmillan.com/static/fib/stuff-you-should-read/

See omnystudio.com/listener for privacy information.

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Focus on Africa - Chad: What’s going on and what next?

A leading critic of Chad's military leader, Mahamat Déby, has been killed in a shootout with security forces, that's according to officials Yaya Dillo's death comes after the government blamed him for a deadly attack on the country's security agency. He had denied the accusation. Several others were killed following that attack. What's going on?

Also, fresh calls for a proper investigation into the killing of 21-year-old Agnes Wanjiru and a letter to King Charles.

And a Cameroonian student who fled Ukraine tells us what life is like for him, two years after the conflict began.

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CoinDesk Podcast Network - THE MINING POD: Elizabeth Warren Is Targeting Bitcoin Miners

Brian Morgenstern of Riot Platforms and Lee Bratcher of the Texas Blockchain Council join the show to discuss the EIA’s government overreach targeting Bitcoin miners.

Follow along on your favorite podcast player of choice by clicking here.

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews Tuesday and a news show on Friday! 

Check out our other shows and content by going to Blockspace.media today.

Follow our host on Twitter, @wsfoxley.

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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Commentary Magazine Podcast - Men at Work

Today David Bahnsen joins the podcast and we talk about the aid-convoy stampede in Gaza, the career of Mitch McConnell, and finally David's new book, Full-Time: Work and the Meaning of Life. How have we come to such a poor understanding of the meaning of work? And what are the sources and consequences of today's anti-work movement? Give a listen.

Learn more about your ad choices. Visit megaphone.fm/adchoices

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A History of Rock Music in 500 Songs - Song 172, Hickory Wind by the Byrds: Part 4, Hour of Darkness

For those who haven’t heard the announcement I just posted , songs from this point on will sometimes be split among multiple episodes, so this is the fourth and final part of a four-episode look at the Byrds in 1966-69 and the birth of country rock, this time mostly focused on what Gram Parsons and Chris Hillman did after leaving the band.

Click the full post to read liner notes, links to more information, and a transcript of the episode.

Patreon backers also have a twenty-minute bonus episode, on “The Dark End of the Street” by James Carr.

Tilt Araiza has assisted invaluably by doing a first-pass edit, and will hopefully be doing so from now on. Check out Tilt’s irregular podcasts at http://www.podnose.com/jaffa-cakes-for-proust and http://sitcomclub.com/

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