Author: CoinDesk

Arthur Hayes and Will Clemente explore how this Bitcoin halving might diverge from previous ones and what that means for investors.

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

The Bitcoin halving is just around the corner, expected to be on April 19 or April 20. 

Arthur Hayes, CIO of Maelstrom, and Will Clemente, co-founder of Reflexivity Research discuss the rise in Bitcoin prices ahead of the halving, the impact of the approval of spot Bitcoin ETFs in the US, and the potential effects of the halving on the price trajectory post-halving. They also discuss the potential impact of a new class of investors on Bitcoin's price, volatility, and decentralization. 

Learn more: Bitcoin Halving: What Is It & How Is It Determined?

Moreover, they dive into the impact of the macroeconomics, geopolitical, and demographic conditions for the crypto asset industry, the potential for L2s on Bitcoin, and their price predictions for bitcoin by year-end. 

Show highlights:

• How the approval of spot Bitcoin ETFs altered the price trajectory of BTC before the halving
• Whether the introduction of spot Bitcoin ETFs impacts Bitcoin's decentralization and price volatility
• Whether this cycle could be the "last cycle" or the "supercycle"
• Why Arthur predicts a 90% drawdown in the future and how they determine when the markets are nearing the top of the cycle
• The effect of high inflation, the election, and the termination of the bank term funding program on Bitcoin
• How artificial intelligence is expected to trigger a productivity boom, according to Will
• Why Will considers Coinbase to be mispriced
• Whether Bitcoin L2s have a future and if security budgets are a concern
• Their views on Bitcoin Ordinals and the Runes Protocol launch
• Why Will views DOGE as a purer commodity than ETH
• Arthur's rebuttal to claims that Ethena could follow in Terra/Luna’s footsteps
• Arthur's and Will’s Bitcoin price projections for the end of the year and the cycle

Thank you to our sponsors!  Polkadot

Guest:

Arthur Hayes, CIO of Maelstrom.

Previous appearances on Unchained:

Arthur Hayes on Why Bitcoin Is Money and ETH Is a Shitcoin He Loves

Arthur Hayes, Former Ethereum Skeptic, on Why the Merge Makes Him Bullish on ETH 

Arthur Hayes of Bitmex on Why Countries Will Turn to Digital

The Chopping Block: Arthur Hayes on Why Crypto Needs to Ditch the Banks

How Crypto and Blockchain Technology Could Change Financial Services

Will Clemente, Co-founder of Reflexivity Research

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Previous appearance on Unchained: Strong Hands Aren't Selling Bitcoin. So Who Is? 

Links

This cycle

Naval’s tweet: “The narrative for this cycle is ‘this is the last cycle.’”

Unchained: 

Here’s Why No One Agrees Exactly When The Bitcoin Halving Will Happen

Bitcoin Miners Diversify Their Revenue Streams as Halving Nears

Heatwave by Arthur Hayes

Dissecting Bitcoin's “4 Year Cycle,” guest post by Will Clemente on The Pomp Letter

Bitcoin ETFs:

Unchained: 

The Best Spot Bitcoin ETFs for Different Types of Investors

Who Is Buying Into Spot Bitcoin ETFs? We'll Soon Start to Get an Idea

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

Macroeconomic conditions

CNBC: Consumer prices rose 3.5% from a year ago in March, more than expected

FT: Investors lose hope of rapid US interest rate cuts this year

Block size wars

Bloomberg: The Block War Is Still a Sore Subject for ‘Bitcoin Jesus’ 

Bitcoin L2s

Unchained: Stacks’ Muneeb Ali On Why Bitcoin Is Exciting Once Again 

Runes

Decrypt: Bitcoin Runes Launch at the Halving: Here's Everything You Need to Know

Ethena

Hayes’ tweet on Ethena

Unchained: 

ENA Surges 20% to New All-Time High as Ethena Rolls Out Reward Boosts

Ethena’s USDe Grew to $2 Billion in 7 Weeks. Is It Safe?

What Is Ethena's USDe Synethic Dollar?

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.

Blockspace Media co-founder William Foxley discusses his latest documentary "The Big Empty," a film focused on bitcoin mining in the town of Spur, Texas.

To get the show every day, follow the podcast here.

Blockspace Media co-founder William Foxley joins "First Mover" with his latest film "The Big Empty," a documentary that follows the people of Spur, Texas and Galaxy Digital Holdings’ 800-megawatt bitcoin mine that was built in the same town.

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Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com.

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This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.

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

Host Jennifer Sanasie breaks down the latest news in the crypto industry from traders betting on the drop of ETH price to the new stablecoin bill from Sen. Cynthia Lummis and Kirsten Gillibrand.

To get the show every day, follow the podcast here.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as crypto investors are betting that ether (ETH) will drop in value over the next three months. Plus, the upcoming launch of Casey Rodarmor's Runes protocol, and a new stablecoin bill from U.S. Senators Cynthia Lummis and Kirsten Gillibrand.

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Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com.

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This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.

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

The latest price moves and insights with Helene Braun and Strix Leviathan Chief Investment Officer Nico Cordeiro.

To get the show every day, follow the podcast here.

On "Markets Daily," Strix Leviathan Chief Investment Officer Nico Cordeiro weighs in on the recent correction across the crypto market and his outlook on bitcoin (BTC) and ether's (ETH) price movements. Plus, how macroeconomic conditions and the Federal Reserve's decisions could impact the overall crypto market.

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Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Take 15% off registration with the code MD15. Register now at consensus.coindesk.com.

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This episode was hosted by Helene Braun. “Markets Daily” is produced by executive producer Jared Schwartz and edited by Victor Chen, alongside Senior Booker, Melissa Montañez—all original music by Doc Blust and Colin Mealey.

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

Crypto: The Game founder and creator Dylan Abruscato breaks down the gameplay and the community-driven nature of the project.

To get the show every day, follow the podcast here.

Crypto: The Game founder and creator Dylan Abruscato joins "First Mover" to discuss gameplay details and how the idea came to fruition. Plus, insights into the community-driven nature of the game.

-

Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com.

-

This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.

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

Host Jennifer Sanasie breaks down the latest news in the crypto industry from the spot bitcoin ETFs' impact on BTC demand to the drop in Bored Ape NFT prices.

To get the show every day, follow the podcast here.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including a research report from broker Canaccord Genuity that says ETFs are driving additional demand for the underlying cryptocurrencies. Plus, insights on TON Foundation's Open League reward program and the tank in Bored Ape NFT prices.

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Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com.

-

This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.

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

The latest price moves and insights with Jennifer Sanasie and OSL Executive Director and Head of Regulatory Affairs Gary Tiu.

To get the show every day, follow the podcast here.

On "Markets Daily," OSL Executive Director and Head of Regulatory Affairs Gary Tiu weighs in on the state of spot bitcoin and ether ETFs in Hong Kong and how long it will take for the products to reach the final stage of approval, and be available for traders.

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Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Take 15% off registration with the code MD15. Register now at consensus.coindesk.com.

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This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Victor Chen, alongside Senior Booking Producer Melissa Montañez. All original music by Doc Blust and Colin Mealey.

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

A lot happened in Q1! Catch up on all the top-of-the-line Bitcoin metrics with Parker Merritt of Coin Metrics.

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

Parker Merritt from Coinmetrics and Will Foxley discuss key metrics, trends, and insights. Topics include mining pools, hash rate, transaction fees, hardware fingerprinting, energy consumption, miner efficiency, and the performance of publicly traded mining stocks.

Chapter Markers:

00:00:00 Start

00:01:45 Foreman ad

00:02:28 Sponsor message

00:02:52 Introductions

00:03:50 Bitcoin Halving update

00:05:12 Bitcoin Cash price surge

00:09:08 Bitcoin Cash mining revenue

00:11:23 Bitcoin Cash blockchain growth

00:13:41 Big blocks in Bitcoin

00:17:35 Mining pool distribution

00:20:40 Mining pool payout analysis

00:25:53 ASIC breakeven power costs

00:28:50 ASIC fingerprinting methodology

00:34:20 Bitcoin energy consumption

00:35:58 Mining & grid load balancing

00:38:50 Average network efficiency

00:41:52 CleanSpark's on-chain data

00:45:53 Miner market cap dominance

00:49:01 Miner stocks vs. Bitcoin in 2024

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 on Tuesday and a news show on Friday! 

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

👉 Join our Bitcoin Halving party in Denver, Colorado on April 20th! 

👉 Watch our newest documentary, The Big Empty!

Follow our host on Twitter, @wsfoxley.

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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining!

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"The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz. 

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

From the Quest headset to the innovative Ray-Ban Stories smart glasses, Shachar joins the podcast to share Meta's strategy to integrate cutting-edge technologies into our everyday lives.

In this episode, Shachar Scott, the VP of Marketing at Meta Reality Labs shares insights on how Meta is aiming to democratize access to mixed reality experiences through products like the Quest headset and Ray-Ban Smart Glasses. She discusses the potential for these technologies to enhance everything from fitness and entertainment to productivity and social interaction, as well as Meta's approach to building an open ecosystem of partnerships to drive innovation.

Links mentioned from the podcast: 

• Google unveils Vids, an AI-powered video creation app for work
• Ray-Ban Meta Smart Glasses
• Meta Quest VR Headsets

Watch this episode on video:

• YouTube
• CoinDesk

Follow us on Twitter: 

• Sam Ewen, Avery Akkineni, CoinDesk, Vayner3

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Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Take 15% off registration with the code GENC15. Register now at consensus.coindesk.com.

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"Gen C" features hosts Sam Ewen and Avery Akkineni. Executive produced by Jared Schwartz and produced by Uyen Truong. Our theme music is "1882” by omgkirby x Channel Tres with editing by Doc Blust. Artwork by Nicole Marie Rincon.

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

Host Jennifer Sanasie breaks down the latest news in the crypto industry from the spot ETF steam in Hong Kong to Solana's update.

To get the show every day, follow the podcast here.

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as bitcoin and ether briefly rose on news that multiple issuers in Hong Kong said they'd been approved for spot crypto exchange-traded funds (ETFs). Plus, the latest update in Solana to tackle network congestion and gains in meme coins and AI Tokens.

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Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com.

-

This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.

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