Today's episode covers Tesla's recent announcement to accept bitcoin as a method of payment for their vehicles with the intention of HODLing that bitcoin and not converting back to fiat. The Suez Canal incident has proven to be a single point of failure with a potential ripple effect across global supply chains, how inflation is making its way into lumber prices, real estate, and automobiles, and Fidelity's announcement of a bitcoin ETF filing.

Beef and Bitcoin

Tesla Accepts Bitcoin | Suez Canal | Fidelity ETF - BBP 105

Bitcoin broke $30,000 on January 2nd, and quickly went through $31,000 within the hour. Bitcoin breezed through $32,000 and then $33,000 before finally pulling back to $30,000 after this episode was finished recording.   Are institutional investors ready to take profits or just getting their first positions? Tune in!

BITCOIN BREAKS $33,000 | BBP104

This episode covers the 2021 outlook for bitcoin and what you can expect to see in the next year. Bitcoin has turned into a must own asset almost overnight, as it rallied over 300% in 2020. Well known investors and institutions are starting to express interest in btc and have put out price targets ranging from $50,000 to $400,000.   The borrowing and lending market for bitcoin has also gained traction in 2020 and is set to explode in 2021. Bitcoin rewards is also a growing trend expected in pick up steam in 2021. bitcoin rewards debits cards from Fold and the Cash App are seeing tremendous growth, while the BlockFi credit card is set to launch in early 2021.  Be sure to like and subscribe and leave us a comment below.

2021 Bitcoin Outlook | Bitcoin Becomes A Must Own Asset | BBP103

Elon Musk and MicroStrategy CEO Michael Saylor had an exchange on twitter about Tesla converting the USD on their balance sheet to BTC. Saylor suggests that the move would be a benefit to the TSLA shareholders and that other companies in the S&P500 would soon follow. Coinbase is also planning their IPO and will be the first unicorn company to IPO in the bitcoin space.   https://twitter.com/michael_saylor/status/1340665067570913280?s=20

Will Tesla Buy Bitcoin | Coinbase IPO | BTC breaks $24k - BBP102

Join Brett and CH as they discuss the recent bitcoin price consolidation at $19k and how different it feels from 2017. They also discuss Michael Saylor's interesting comparison between real estate and bitcoin as a store of value and how things like maintenance costs and property taxes should be considered when comparing the two. All of this and more in today's episode.

Bitcoin Trying to Break $20k | Bitcoin vs Real Estate | BBP101

This was recorded on Sunday July 27th, right before the break above $10,000. Topics include the altcoin pump/defi madness and the recent news that banks can now custody bitcoin and other digital assets.  https://www.theblockcrypto.com/post/72628/us-bank-regulator-crypto-custody https://twitter.com/PeterLBrandt/status/1287160790882099202?s=20

Bitcoin On The Move | Is The Party Just Getting Started? - BBP100

Join Brett and Happy Shillmore as they discuss the recent twitter hack that took control of many verified accounts and tweeted out a bitcoin giveaway scam. There are many different ways to think about how this may or may not impact bitcoin (the price was stable during the hack and up slightly after) in the public eye. Tell us what you think below! https://twitter.com/lawmaster/status/1284445654966837248 https://www.theblockcrypto.com/post/71906/twitter-account-hacks-timeline https://twitter.com/acoinhodler/status/1284499486191099906 https://twitter.com/haseeb/status/1283578517515407361

Twitter Hack | Is this Good For Bitcoin? - BBP99

Join Brett and Happy as they discuss the recent news surrounding a Coinbase IPO and how that fits within the macro landscape and who may want exposure to that, Tesla surging to new all time highs and whether or not that is a leading indicator, and the recent DeFi FOMO with yield farming  https://www.reuters.com/article/us-coinbase-ipo-exclusive-idUSKBN24A21W https://www.coindesk.com/there-are-more-dai-on-compound-now-than-there-are-dai-in-the-world 

Coinbase IPO | The Tesla Indicator | Yield Farming - BBP98

Join Brett and Happy Shillmore (what do you think of the name change btw?) as they discuss the recent discovery of 93 tons of fake gold found in the gold markets. Fake gold is nothing new, but it made for a good discussion in how bitcoin and gold have their own pros and cons when being used as collateral. HODLers appear to be in 'full blown prep mode' according to data from Glassnode that shows 61% of btc hasn't moved in a year. The last time this amount of btc was 'hodled' was prior to the 2017 bull run. There may be an argument that hodlers are accumulating and hodling in preparation for the next move. The 'crypto industry' also benefitted from government loans from the recent stimulus bills. All of this and more. https://www.zerohedge.com/markets/83-tons-fake-gold-bars-gold-market-rocked-massive-china-counterfeiting-scandal https://twitter.com/saifedean/status/1277991860691185665 https://twitter.com/glassnode/status/1277235618918129666?s=20 https://twitter.com/glassnode/status/1280566126443925506?s=20 https://twitter.com/coindesk/status/1280208034422296578?s=21

Fake Gold | HODL Prep Mode | Crypto Bailouts - BBP97

Join Brett and CH as they discuss how the last month as unfolded and the acceleration of QE across the globe.

Money Printer Go BRRR Update - BBP96

Join CH as he discusses the recent news that PayPal and Venmo will enable their users to buy and sell bitcoin directly inside of the app.  There are pros and cons to "legacy FinTech" companies starting to interact with bitcoin. Over 300 million customers are now about to have access to bitcoin, but that also comes along with more custodian risk and more KYCed bitcoin.  Not all is lost though, as this will also help to increase the distribution of bitcoins to new users, so long as they can eventually take self-custody. https://www.coindesk.com/paypal-venmo-to-roll-out-crypto-buying-and-selling https://blockworksgroup.io/blog/bitcoin-will-turn-paypal-into-blockbuster 

The Pros & Cons of PayPal & Venmo Selling Bitcoin - BBP95

Join CH as he discusses a recent Forbes article "Why Bitcoin Is Valuable - Debunking The ‘Greater Fool’ Theory".  The article compares bitcoin to oil in the early 1800s and how it became very useful as fuel. Oil wasn't useful when it was first discovered because people were unsure of what to use it for. Just as engineers tinkered with oil, engineers are tinkering around with bitcoin and learning about what it can do. They're also figuring out new ways to use bitcoin and interact with it. Bitcoin is frequently compared to gold, and bitcoin "as a savings technology" is a narrative that is gaining popularity. Both bitcoin and gold have a different set of trade-offs that make them useful as a store of value, and many are trying to determine just how valuable that use case is. All of this and more.   https://www.forbes.com/sites/matthougan/2020/06/17/why-bitcoin-is-valuabledebunking-the-greater-fool-theory/#656fdbbe3c12

Bitcoin & The Greater Fool Theory - BBP94

Join Brett and CH as they discuss JP Morgan recently opening its doors to offer banking services to the bitcoin industry like Gemini and Coinbase, Goldman recently planned a call on inflation, Gold, and Bitcoin, and CashApp & Grayscale inflows have bought a significant amount of bitcoin in the last two quarters. All of this and more. https://twitter.com/mdudas/status/1263841595985727489 https://twitter.com/MacroScope17/status/1264026767255355393 https://www.theblockcrypto.com/post/64906/jpmorgan-now-serves-crypto-exchanges-coinbase-and-gemini-first-clients-report https://www.theblockcrypto.com/post/62032/grayscale-quarter-report-record-inflows-crypto https://www.theblockcrypto.com/post/64207/square-cash-app-2020-q1 https://cointelegraph.com/news/institutional-investors-buying-up-btc-like-crazy-after-halving https://twitter.com/kerooke/status/1264209500304805890

Banking Bitcoin Exchanges | Goldman on Bitcoin | GBTC Bulls - BBP093

Join Brett and CH as they discuss and celebrate Bitcoin Pizza Day and how those 2 Papa Johns pizzas that were ordered for $40 10 years ago would for 10,000 bitcoins would now be worth over $90 million dollars. An old coinbase transaction from 2009 recently moved for the first time, sending rumors that Satoshi may have moved some of his coins. This *may* have caused bitcoins price to pull back on the news, but many articles came out shortly thereafter to explain how those coins were most likely NOT Satoshi's. The Satoshi FUD spurred the conversation on what the future of FUD may look like during the next bull market. https://bitcointalk.org/index.php?topic=137.0 https://medium.com/@jimmysong/why-satoshi-probably-didnt-move-some-coins-from-2009-ad967d40582a 

Bitcoin Pizza Day 10 Years Later | Tracking Old Coins | The Future of FUD - BBP92

Join Brett and CH as they discuss the recent topic surrounding explaining bitcoin to celebrities. JK Rowling, author of the Harry Potter series, recently tweeted to her followers asking them to explain bitcoin to them. Many bitcoiners made an attempt, and Elon Musk even gave it a shot!  They discuss if celebrities are a good thing when it comes to the adoption of bitcoin, and if it even matters in the long term. Hash Rate futures contacts have also launched, which will have tremendous implications for miners as they can use this new tool to offload some risk (at a cost) to speculators in order to dampen their revenues. As the monetary printing press continues to run at full blast, what will happen with asset prices? Will there be a japanification of the world and it's central bank inflated assets? All of this and more.  https://twitter.com/inversebrah/status/1261758068544565248?s=20 https://twitter.com/SBF_Alameda/status/1261182781050114049?s=20 https://twitter.com/cullenroche/status/1261005291031638016?s=20

Explaining Bitcoin to Celebrities | Hash Rate Futures | QE vs Asset Prices - BBP91

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Beef and Bitcoin

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