Podcasts and politics: it’s about more than the content

plus, BTC's rarefied air, and ouch that DXY index

“I may not have gone where I intended to go, but I think I have ended up where I needed to be.” – Douglas Adams ||

Hello everyone, and happy Friday! I hope you’re all well, and marvelling at the rarefied air of BTC close to $100,000.

If you missed yesterday’s newsletter, I wrote about what’s driving this recent move, and I made it open access for all – you can read it here.

Today, I take a rare break from crypto and macro and talk about the influence of podcasting on markets, politics and crypto. It’s not so much the content, it’s the technology.

I can’t help but also talk about BTC, and the astonishing move in the DXY dollar index this morning.

IN THIS NEWSLETTER:

• BTC: Rarefied air

• Ouch, that DXY move

• Podcasts and politics: it’s about more than the content

If you’re not a premium subscriber, I hope you’ll consider becoming one! You get ~daily commentary on markets, tokenization, regulation and other signs that crypto IS impacting the macro landscape. As well as audio, relevant links and music recommendations ‘cos why not.

WHAT I’M WATCHING:

BTC: Rarefied air

To be honest, most of us who work in the crypto ecosystem knew that the day would come when BTC broke through $100,000. So, where we are now is not a surprise. Nevertheless, to see it within touching distance feels extraordinary, an emotional mix of validation and excitement for what’s ahead.

(BTC/USD chart via TradingView)

Of course, the BTC price is just a number, the least interesting aspect of the asset, it doesn’t really matter – only, sometimes it does. There’s breaking the psychological $100k barrier, which is a powerful signal.

There’s also the “marketing” as Bitcoin is splashed across headlines. Yes, this brings in those who want more price gains, most of whom will leave when the mood turns. But some will take the time to dig deeper and learn more about the underlying potential. We can see this in the climb in cycle floors – the BTC price will drop again, at some stage, but to a higher level than the trough of the previous cycle as more holders stay.

(BTC/USD chart via TradingView)

Ouch, that DXY move