All Roads Lead to Bitcoin with Checkmate - WBD712

Checkmate is Glassnode’s Lead On-chain Analyst and creator of
checkonchain. In this interview, we discuss Bitcoin investing and
market analysis, Bitcoin as a hedge against inflation and housing
market bubbles, the current economic situation, the potential
future role of Bitcoin as a settlement currency for
nation-states, and the power and unstoppable nature of Bitcoin.


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Checkmate is one of the best on-chain analysts, leading
Glassnode’s on-chain research and data analysis, and also
creating checkonchain to provide a suite of Bitcoin on-chain
charts. This show’s discussion therefore focused on the Bitcoin
market and trends, including the impacts of Luna and FTX on
market sentiment. We also delved into the concept of profit and
how it can be measured, and the importance of understanding
market indicators and making informed decisions.


Our conversation also took in the macroeconomic situation. We
discussed the housing market and the potential risks involved in
buying a house. We discussed the high ratio of median house
prices to median income in Australia, Canada, and New Zealand,
referring to it as a "Ponzi scheme." We also considered the
current economic situation: its challenges and the need for
individuals to be aware of how the system works.


Specifically, people need to be aware of the impact of inflation
and taxes on their finances. Whilst Bitcoin is a hedge for some,
others feel the need to speculate and gamble on markets in the
fiat system. Argentina is a valuable example in this context, as
Argentinians need to manage their money in the face of
triple-digit inflation. As people’s wealth can rapidly evaporate
in such circumstances, it brings into sharp relief the concept of
money as a proxy for time.


Towards the end of our conversation, we talked about the power
and unstoppable nature of Bitcoin: Bitcoin's design assumes human
greed and self-interest, which makes it a powerful and
unstoppable organism. Checkmate also provided his opinion on the
potential future role of Bitcoin as a settlement currency for
nation-states, speculating that nation-states may start testing
Bitcoin as a liquid layer on top of their gold reserves, driven
by the involvement of oil producers.


Show notes:
https://www.whatbitcoindid.com/podcast/all-roads-lead-to-bitcoin


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