Noelle Acheson joins the show to discuss why the macroeconomic cycle hasn’t benefited crypto, the importance of the election for crypto markets, and why crypto ETF numbers are anemic.
Posted on September 11, 2024 at 12:00 PM EST.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket casts, Amazon Musicor on your favorite podcast platform.
As cryptocurrency markets continue to suffer, experts wonder if the capitulation phase is finally over and what lies ahead. In this episode, hosts James Seyffart and Joe McCann, along with guest Noelle Acheson, delve into the recent market downturn, the potential for a 2025 recession, and why Bitcoin’s divergence from gold has analysts intrigued. They also explore the impacts of upcoming rate cuts, the lingering effects of fiscal dominance, and whether Ethereum ETFs live up to the hype.
Highlights of the show:
- Why have cryptocurrencies seen such a decline recently despite the macroeconomic cycle?
- The three factors weighing on bitcoin’s price right now, according to Noelle
- US recession risks in 2025 and the extent to which the Fed could cut rates
- Why the current rate-cutting cycle is unusual, with markets expecting much deeper cuts than usual, and how a possible rise in inflation could complicate the Fed’s response
- Why the K-Shaped Economy Persists, Driven by the U.S. Government’s Reliance on Capital Gains Taxes
- Why fiscal dominance is a growing concern and why bitcoin’s recent divergence from gold is puzzling, as they typically move together during crises
- Whether it’s individuals who were buyers of Bitcoin ETFs in cash or whether it’s simply onchain traders who are now buying them
- Why James Says Ethereum ETFs “Have Been an Absolute Failure”
