Nic Carter, general partner at Castle Island Ventures, and cofounder and chairman of Coin Metrics, explains  why the Bitcoin price has been rising without the retail bubble seen in 2017-2018. In this episode he covers: <ul> <li style="font-weight: 400;">how this Bitcoin rally differs from the ones in 2017-2018 and why the market is much more mature</li> <li style="font-weight: 400;">how much the pandemic and other macro forces this year have helped propel Bitcoin</li> <li style="font-weight: 400;">what it says that the number of Bitcoin addresses with $10 or more worth of bitcoin are is at 18 million now, compared to 2014 in the 2017-2018 bubble</li> <li style="font-weight: 400;">the significance of realized cap, and why there's less pressure to sell now since the current cost basis of all bitcoins is much higher than in the bubble</li> <li style="font-weight: 400;">the significance of the fact that open interest in CME Bitcoin futures hit $1 billion this week — and why, even though they're cash-settled, they do impact the Bitcoin price</li> <li style="font-weight: 400;">what the appreciation of the Bitcoin price in other countries' currencies such as Turkish lira means</li> <li style="font-weight: 400;">what it means that the stablecoin free float has grown from $1.5 billion in the last bubble to $23 billion during this rally</li> <li style="font-weight: 400;">what he makes of the theory that Chinese miners are having difficulty to sell their BTC being a driver of the price rise</li> </ul>   Thank you to our sponsor! <a href="http://crypto.com/">Crypto.com</a>: <a href= "http://crypto.com/">http://crypto.com</a>   Episode links: Nic Carter: <a href= "https://twitter.com/nic__carter">https://twitter.com/nic__carter</a> Castle Island VC: <a href="https://www.castleisland.vc/">https://www.castleisland.vc</a> Coin Metrics: <a href= "https://coinmetrics.io/">https://coinmetrics.io</a>    Nic’s post: <a href= "https://medium.com/@nic__carter/nine-bitcoin-charts-already-at-all-time-highs-78abbfe82804"> https://medium.com/@nic__carter/nine-bitcoin-charts-already-at-all-time-highs-78abbfe82804</a>   Chinese miners unable to sell BTC: <a href= "https://www.coindesk.com/bitcoins-rally-supply-crunch-in-china"> https://www.coindesk.com/bitcoins-rally-supply-crunch-in-china</a>  Dispute with this report: <a href= "https://twitter.com/WuBlockchain/status/1328893579515682816?s=20"> https://twitter.com/WuBlockchain/status/1328893579515682816?s=20</a>   CME Bitcoin open futures surpasses $1 billion: <a href= "https://www.theblockcrypto.com/linked/85045/cme-bitcoin-futures-1-billion-open-interest"> https://www.theblockcrypto.com/linked/85045/cme-bitcoin-futures-1-billion-open-interest</a>   Link to the Crypto News Recap: <a href= "https://unchainedpodcast.com/what-info-will-come-out-in-the-binance-lawsuit/"> https://unchainedpodcast.com/what-info-will-come-out-in-the-binance-lawsuit/</a>

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9 Ways Bitcoin Is at an All-Time High - Ep.152

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