Willy Woo, on-chain Bitcoin analyst and writer of the Bitcoin Forecast, a market intelligence newsletter, and Rafael Schultze-Kraft, co-founder and CTO of Glassnode, discuss Bitcoin and what the on-chain metrics tell us about the price. Here to discuss is. Episode highlights:
- what factors pushed the price of BTC down in May
- why Elon’s Twitter account hold so much sway over the market
- why Willy believes Bitcoin is good for renewable energy
- who sold during the last month
- which type of BTC investors stopped purchasing in Feb/March
- what trends Willy and Rafael have noticed from coins moving to/from exchanges
- their thoughts on exchange-traded products, like GBTC and Canadian ETFs
- how derivatives trading has played a role in Bitcoin’s price
- why stablecoins were trading above their peg in the months leading up to the Coinbase direct listing
- how Willy values Bitcoin (specifically using NVT ratio)
- whether the trend of corporate treasuries investing in Bitcoin will continue
- how they expect Ethereum’s adoption of a deflationary monetary policy to impact the price of Bitcoin
- when the market could turn bullish once again and predictions for the rest of the year
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Episode Links
Willy Woo
Rafael Schultze-Kraft
Glassnode
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Rafael on BTC trends:
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