Welcome to a Weekend Markets interview special where Steve and Zak discuss all things crypto with Coinsilium’s Executive Chairman Malcolm Palle
The conversation opens with a humorous introduction, highlighting that the hosts usually discuss Bitcoin without deep expertise. Malcolm is asked why Bitcoin hasn’t reached $100,000, as some expected.
Malcolm explains that over the 10+ years he’s been in the Bitcoin space, the narrative has shifted from skepticism about Bitcoin’s sustainability to questioning why it hasn’t reached higher prices.
https://youtu.be/wTkl0-TvEGk?si=SvArxwu6h4QJuFc2
He mentions that Bitcoin moves in cycles, primarily around the “halving” events that reduce Bitcoin supply and affect miner economics. This year, unlike previous cycles, Bitcoin hit an all-time high before the halving, which is unusual since it typically peaks after.
He attributes the current situation to premature peaks and market impatience, compounded by macroeconomic factors and narratives like the ETF launch, which temporarily boosted Bitcoin’s price.
The discussion covers these points in more detail, providing insights into the factors affecting Bitcoin’s price and market dynamics.
Become a Member: https://www.youtube.com/channel/UCuMj…
Subscribe to BizTech Market – https://bit.ly/3wRCApH
Business Enquiries: steve@biztechmedia.net Media:
Follow Twitter: https://twitter.com/BizTechAcademy1
Facebook: https://www.facebook.com/profile.php?…
Linkedin: https://www.linkedin.com/company/bizt…
