Bitcoin Update: $500 Million from BlackRock, 27% SPIKE in 2 Weeks, Credit Spread Analysis

In this episode, Joe brings us a bitcoin update. We discuss bitcoin's resilience after the most eventful 2-week period in modern history, a remarkable $500-million inflow to BlackRock's bitcoin ETF on Monday, and more. He also discusses BlackRock and Fidelity taking 4th and 8th place in YTD inflows across all ETFs in US markets. With unprecedented demand from Wall Street and credit spreads still at cycle lows, all signals suggest that the bulk of bitcoin's bull run still has yet to begin.

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The Bitcoin Layer is a bitcoin and global macroeconomic research firm.
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Chapters:
00:00:00 - Bitcoin's Resilience in a Volatile Market
00:01:57 - The Macro Picture and Bitcoin Cycles
00:03:54 - The Relationship Between Bitcoin and High Yield Corporate Bond Prices
00:06:04 - Wall Street catching a second wind
00:08:17 - Institutional Interest for Bitcoin via ETFs
00:10:32 - Ethereum's underperformance in the ETF market
00:12:39 - Wall Street's interest in Bitcoin
00:14:41 - Bitcoin as a Multi-Decade Asset
00:16:42 - Momentum and Consolidation for Bitcoin

[peppeLA]

Ignore the Werner hater, not sure what video he watched. This was another great video and I must say TBL has a refreshing way of analyzing the market that imo is a must subscribe for anyone wanting to profit from this upcoming global liquidity cycle high.

[BTCmate]

Great report thanks so much !!!
Excellent work

[BTCmate]

ETH will never perform as well as bitcoin

[okitimathew]

Some points are not clear, but interesting) And here's the question, there is USDT on the OKX wallet, how to transfer them to Binance correctly, there is only a seed phrase: bar buffalo stone electric maze limb oil match obtain rice above asset. I don't know anything else.

[joshlian]

Am I understanding it right: ETH market cap is not half of BTC .

[Kelesu]

Great stream, great metrics, great cadence. Widen your time horizon, and investing gets much easier

[greggorywilson]

This is a great episode. Thank you for your work in tracking and reporting these indicators.

[robertwerner]

It is sad to see such a bad analysis. BTC MC is 3x that of ETH. On the other hand, with just one day there is no way to draw a reasonable conclusion. I was thinking of subscribing, but for the moment that won't happen although I like the content of Nik

[fourwheeldrive]

Bitcoin is dead better of with sp 500and sleep like dog