Bits + Bips: Is Bitcoin Finally Being Priced on Fundamentals?

📢 Bits + Bips has its own channel now — full episodes here: https://www.youtube.com/@Bitsandbips

• Quick favor: We're deciding what Unchained does next; new shows, stream times, what's worth paying for. Our listener survey takes five minutes, it's anonymous, and I read the write-in answers myself. Everyone who takes it can enter a drawing for a free year of Unchained Premium or Bits + Bips Premium. Open through Sunday, October 18.

— Laura 

When the Clarity Act stalled in Congress, the shorts expected Bitcoin to break. It dipped to $75,000 and stopped. Then came the surprise that the bill might pass after all, and Bitcoin closed its first weekly candle above its 50-week moving average in 45 weeks.

Ram Ahluwalia calls it a short squeeze, and says that doesn't make it illegitimate. Chris Perkins sees a regime change, with institutions now underwriting crypto on fundamentals. Austin Campbell asks what happens if US retail, still missing from the Coinbase premium, shows up too.

Hosts:

• Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell

• Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia

• Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97

This segment is from a longer conversation on Bitcoin, the Fed, a $30 trillion debt pile, and Meta's new AI agent. Full episode here: https://youtu.be/r2Z9ooMTcZ0?si=-mncR-xhm7kUM507 

We go live every Monday - subscribe to catch it live.

• 👉 Visit 1inch to swap tokenized securities, crypto and more. Simple. Secure. Self-custodial. Whatever asset you’re buying - swap it at http://unchainedcrypto.com/go/1inch-sn   

Chapters:

📊 00:34 Bitcoin's 50-week reclaim: the bull case and the bear case laid out

🐻 03:51 Why Ram thinks it's a short squeeze, and why that doesn't make it illegitimate

🔄 05:14 Why Chris thinks this is a regime change toward fundamentals

⚖️ 07:31 Austin on how Clarity's failure invalidated the short case

👀 12:26 Why retail hasn't shown up yet, and what happens if it does

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