Bitcoin Market Commentary, Read Through - E210

04/05/20 • 24 min

Hi Bitcoiners, I'm reading through my Friday newsletter The Fundamentals Report along with my extra commentary. Topics covered are the virus and effects of lock downs and shortages in gold and the dollar. I also talk about how bitcoin fits into this market.

Show notes post: https://bitcoinandmarkets.com/e210/

Report: https://bitcoinandmarkets.com/r83/

Show notes post: https://bitcoinandmarkets.com/e210/

Report: https://bitcoinandmarkets.com/r83/

Previous Episode

General Update, Virus, Dollar, China and Japan - E209

In this episode I discuss the bullish case for bitcoin being driven by QE but not via a weaker dollar. The dollar will continue to strengthen in a volatile way. Bitcoin will be bid because the traditional market will get worse and worse at price discovery and bitcoin will get better and better. I bring in two articles. The first one is about China's consumer credit bubble popping and the second is about primary dealers in Japan refusing to sell their JGB's to the Bank of Japan. That effectively stops QE as a weapon of the central bank. The primary dealers would rather use their JGB's in dollar swaps with the Fed.

China consumer credit: https://www.zerohedge.com/economics/scope-pain-immense-chinas-consumer-default-tsunami-has-started

Japanese bonds: http://archive.vn/ao4qM

Website: https://bitcoinandmarkets.com/e209

Next Episode

Case for Deflation Part 1 - E211

In part one of this series I describe two important schools of thought on the global monetary system and the future of the dollar: the Dollar Milkshake and the Eurodollar. Then I try to establish a definition for inflation as a monetary phenomenon based on mainstream Milton Friedman, Mises and my own defintition. Lastly, I ask the question if what we think of as monetary expansion today, is actually monetary expansion.

In part two, I'll discuss the differences I see between debt based money, fiat and commodity money.

Website: https://bitcoinandmarkets.com/e211

Brent Johnson Dollar Milkshake: https://www.youtube.com/watch?v=2qTOWuL7Zco

Jeff Snider Eurodollar University: https://alhambrapartners.com/commentaryanalysis/

Milton Friedman: https://hyp.is/noW7qIMXEeqhrfee8b0bew/en.wikiquote.org/wiki/Milton_Friedman

Mises: https://hyp.is/GEy2cIKmEeq7Nh9KeQH1ug/mises.org/library/economic-freedom-and-interventionism/html/p/123