This weekly podcast about Bitcoin is the initiative of the Viennese financial journalist Niko Jilch. The goal: to strengthen and network the German-speaking Bitcoin community - and to bring the Bitcoin phenomenon closer to as broad a mass as possible.
We accompany this project as one of the main sponsors in this blog and also make all podcast episodes available here as a video.
"The year is 2023, and inflation is rampant worldwide. A global pandemic has led to unprecedented government action. There is war in Ukraine, Russia and China want to topple the dollar as the world's reserve currency. Bitcoin stands at $27,000 a piece - despite brutal interest rate hikes by central banks that are fighting inflation. The next halving is already on the horizon," Niko introduces.
A rather gloomy picture, but not for Bitcoin, because you can rely on Bitcoin - even in stormy times. Currently, one can observe worldwide how new capital flows into Bitcoin, while the stock market and the value of many banks are on the decline. Is it just that, or does this influx of capital into Bitcoin also have something to do with the halving thesis?
"In about a year or so, we will have this intrinsic event for Bitcoin, where the Bitcoin inflation is being cut in half: the halving. That's going to happen in 2024 and it will be the impetus for the next cycles, as it has been for the prior cycles," explains Vijay.
What we can currently also observe is the FED taking ever stronger action against Bitcoin and cryptocurrencies. The reason for this is obvious, fear.
Vijay says: "There will be a pushback, there will be a fight. But I still don't think nation states have fully appreciated the existential threat that Bitcoin poses to their monetary policy. That threat is global savings moving into Bitcoin. This means that central banks can't control interest rates anymore, and they also can't manipulate the supply of Bitcoin."
Even though, according to Vijay, we are still in the bear market and the new plateau or bottom has not been found: we are at the bottom of the next Hype Cycle, which will coincide with the next Halving, and the next Cycle will surpass the past one again, Vijay summarizes.
By the way, today Vijay's book with the German title "IM AUGE DES BULLEN: DAS ARGUMENT FÜR BITCOIN" is published in German by our friends at Aprycot Media. "Get the book, it's worth it," Niko assures.
Stack sats. Stay humble.
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