Is the Bull Market Back? With Alex Thorn - WBD734

Alex Thorn is the Head of Firmwide Research at Galaxy. In this
interview, we discuss a range of topics including Galaxy’s
sponsorship of Real Bedford FC, the growing trend of Bitcoin
sponsorship in sports and the current state of the hip-hop music
industry. We also talk about Bitcoin, including factors
influencing its price, the potential approval of a Bitcoin spot
price ETF(s), the importance of Bitcoin ownership and its role as
a medium of exchange.


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Full disclosure, Galaxy became the first official sponsor of Real
Bedford Ladies FC in the summer, allowing them to have
professional coaching and for players to get paid for the first
time. This has boosted the team: they are currently top of their
league having won all their matches, and this Sunday they play in
the first round of the world-famous FA Cup. I talked about this
and the growing trend of Bitcoin sponsorship in sports with Alex
Thorn.


We also talked about Bitcoin and the potential factors
influencing its price action: for example, there is a correlation
between Bitcoin price and US economic policy. We discussed the
impact of the upcoming halving event, for which there is growing
anticipation. And we pondered the question of when to sell
Bitcoin in the context of other investment opportunities; now
might not be the right time to sell Bitcoin due to its potential
for growth.


The podcast covered the recent SEC amendments regarding Bitcoin
spot price ETFs, involving additional risk disclosures for
investors, possibly indicating a shift in SEC behaviour towards
Bitcoin. We touched on the potential impact of a Bitcoin spot
price ETF, with increased adoption and price growth tempered by
concerns about institutionalization. We also considered the
impact on Grayscale's business model, noting that lower fees in
ETFs could affect their profitability.


Finally, the discussion emphasized the importance of educating
others about Bitcoin's value and fundamental features. Widespread
understanding and adoption of the underlying principles of
Bitcoin are crucial for its long-term success. Alex encourages
Bitcoin enthusiasts to continue spreading awareness and
discussing its values with friends, family, and potential
investors.


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Show notes:
https://www.whatbitcoindid.com/podcast/is-the-bull-market-back


This episode’s sponsors:
Iris Energy - Bitcoin Mining. Done Sustainably
Bitcasino - The Future of Gaming is here
Ledger - State of the art Bitcoin hardware wallet
Wasabi Wallet - Privacy by default
Unchained - Secure your bitcoin with confidence
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