Thriller "A Bitcoin Zine"

US: Federal Reserve Chairman Jerome Powell Speech Jerome Powell isn't sounding too dovish, once again saying the economy is performing well and is in a "good place." The Federal Reserve chair described today's employment report for August, where payroll growth slowed, as consistent with a strong labor market. Powell also said the consumer sector remains strong but that manufacturing is moving side...

Today Car discusses what many economists believe that international demand for dollars (in the form of our debt such as Treasury Bills) allows the United States to maintain huge trade deficits, without fear of major US currency devaluation. But what were seeing now in this next downtown could be a paradigm shift. Quantitative easing and low — even negative — interest rates, which have become a way...

Car reports on the Economic Policy Symposium 2019 that took place in Jackson Hole, Wyoming. Some of the world’s most powerful bankers and economic thinkers spent three days holed up at Jackson Lake Lodge, as they do each summer for the Federal Reserve Bank of Kansas City’s annual symposium. We discuss the views on Federal Reserve policy, the outlook for the U.S. economy, threats to the central ban...

Car discusses the latest BlackRock Investment Institute MACRO AND MARKET PERSPECTIVES for AUGUST 2019 Dealing with the next downturn: From unconventional monetary policy to unprecedented policy coordination https://www.blackrock.com/corporate/literature/whitepaper/bii-macro-perspectives-august-2019.pdf He specifically dives into the the portion of the report where they discuss Monetary Financing....

If the Bakkt blueprint works as planned, a panoply of new Bitcoin funds would tap the pent-up demand for the cryptocurrency, making it a safe and easy choice for everyday investors—notably millennials getting their first 401(k)s. Wall Street could then tap Bitcoin’s popularity as an alternative to stocks and bonds to generate giant trading volumes. And that flood of institutional buying and sellin...

Today we are talking Bitcoin and the Next Recession. This is not to scare you but to give you different scenarios on what could occur during the next global financial crisis like in 2008 (type level financial crisis.) Go back and listen to Thriller Coin Talk: The End of Central Banking where I discusses why the world’s monetary system is being destroyed. Well according to Barron’s The chatter surr...

By October 2019, the Securities and Exchange Commission is expected to decide whether to approve two bitcoin ETF applications. Filed by Bitwise Asset Management and VanEck, these ETFs would give investors a simpler way to gain exposure to bitcoin cryptocurrency. Approval doesn’t mean immediate launch—that could take time. But if approved and launched, should you invest in it? How big can the ETF m...

Car discusses Bitcoin accumulation and breaks down his take on how it should be done. He also discusses Bitcoin in coin analysis, and the effect of the Bitcoin ETF on the 19th of August. Subscribe via iTunes or Substack. Also follow on Twitter and Medium. "If you enjoyed listening to this episode and you want a really easy way to support Thriller Premium, why don't you head over to Apple Podcasts...

The term “Black Swan Event” describes certain events in history so profoundly unexpected and massive in scale, that they fundamentally changed the course of history. There are good Black Swans and bad Black swan. One black swan event was perhaps the genesis of bitcoin’s birth: The subprime mortgage crisis which almost brought down the entire banking industry. Economic storm clouds have long been g...

Bitcoin, which has rocketed about 200% higher in 2019, soared as much as 9% on Monday to over $11,000 as weekend uncertainty between China and the United States rattled global stock markets. Hyperbitcoinization is a state where Bitcoin becomes the world’s dominant form of money. Bitcoin is socially wired and can be adopted exponentially. As it gains traction it will seem to be an organic, self-org...

Corporate coins are coming, Walmart is looking into its own US dollar-backed digital currency, along the same lines of Facebook’s much hyped Libra project. A patent application outlines a method for “generating one digital currency unit by tying the one digital currency unit to a regular currency; storing information of the one digital currency unit into a block of a blockchain; buying or paying t...

The last three or four decades have seen a remarkable evolution in the institutions that comprise the modern monetary system. The financial crisis of 2007-2009 is a wakeup call that we need a similar evolution in the analytical apparatus and theories that we use to understand that system. Three features of the new system are central. Most important, the intertwining of previously separate capital...

Bitcoin and the rest of the crypto market has been spiraling downwards after a minor spike yesterday to 10.4K, leading to a continuation of the downwards pressure that Bitcoin and other major alts have incurred over the past several weeks. Now, crypto analysts, traders and notable personalities are noting that there is a high probability that Bitcoin’s recent pullback extends significantly lower,...

Car discusses Bitcoin’s Next Wave. Some institutions were not investing in cryptocurrencies before 2019, but with the UAT launch of Bakkt on Monday and Fidelity Digital Assets which now offers both custody and trade execution for bitcoin to institutional investors, who has also seen institutional interest deepen over the last couple of months. We can almost guarantee they will now. A recent report...

When Neil Armstrong planted his foot on the lunar surface five decades earlier, he made good on what President John F. Kennedy promised would be America’s “moonshot bet.” The “moonshot bet” has become a familiar term in business culture. Recently, Jeff Sprecher, the Chairman and CEO of Intercontinental Exchange, in his fourth quarter earnings conference call, termed ICE’s investment in Bakkt “a bi...

Car discusses the Bakkt Institutional Digital Asset Summit on July 18, the testing phase is launching Monday July 22, Bakkt plans to start user acceptance testing (UAT) for its Bitcoin futures products. The first two contracts to be listed by ICE Futures U.S. are "Bakkt Bitcoin (USD) Daily Futures" and "Bitcoin (USD) Monthly Futures". In order to provide "regulated custody in the Bakkt Warehouse,...

Car breakdowns the Libra discussions from the Senate Banking Committee on Tuesday (July 16.) Overall, Tuesday’s hearing was heavy on Facebook-related questions and light on crypto issues, indicating that the lawmakers were more worried about the company than the technology. Recap: Facebook first announced Libra last month, when it introduced Libra Association, a Geneva-based consortium of big-name...

Car discusses Treasury Secretary Steven Mnuchin press conference on Monday about Bitcoin “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.” Then he gives you 5 good minutes on why you should still hold your Bitcoin after today. Subscribe via iTunes or Substack. Also follow on Twitter and Medium. "If you enjoyed listening to this episode and...

Car discusses bullish scenarios for Bitcoin in 2019. The halving is in 314 days. Bitcoin's inflation rate will be cut to 1.8%. Why is that important? It will be lower than central banks target of 2% inflation. In 2012 when Bitcoin halved the price was $12.50. In 2016 it was $650, up 50x over 4 years. If Bitcoin appreciates 50x again, at the 2020 halving the price will be $32,000 per Bitcoin. If it...

Car deep dives to find key discoveries into why Bakkt and ErisX are massive factors at play for later this year. The fact remains ErisX and Bakkt both want to launch bitcoin futures, but the two firms are taking different approaches to the market according to their executives. Until now both firms have been waiting for the regulatory green light. According to a statement from the company, ErisX ju...

Car discusses the bullish fatigue that resulted this noticeable pullback, the overall long-term trend for bitcoin price remains on an upward trajectory very reminiscent to 2011-2013. He also discusses that Bitcoin and the rest of the cryptocurrency market will begin recovering faster in the latter half of 2019. Bitcoin has tended to rebound a year prior to its block reward halving. If the demand f...

Car discusses the latest news from the Federal Reserve. Jerome Powell said that “we’re a long way from that,” going on to note that “digital currencies are in their infancy.” He also dives into the current “Quantitative Easing” period as being one of the most irresponsible and largest “monetary policy experiments in human history”, citing the fact that this policy has propped up financial markets...

Car discusses the latest news on Project Libra and why a pump for a related cryptocurrency is likely this weekend. He also goes into why Globalcoin will not be as big of a deal to the mainstream media as everyone thinks. Then he gives you 5 Good Minutes on why Bitcoin being labeled as Digital Gold just works for nocoiners and also gives the Hard Truth on how the SEC tricked the retail investors in...

Car discusses the latest news of G20 group of nations reaffirming it will align with standards for anti-money laundering (AML) and countering the funding of terrorism (CTF) set by the Financial Action Task Force on June 21st. He also goes into Litecoin increase and decrease today. Then we discuss 3 crypto projects to look out for, as they are set to lose big time over the next 12-18 months.

Car discusses the latest news from Facebook and why he fears they are not just coming to compete with stablecoins. He also goes into why this puts Facebook in competition with every blockchain in the space. Then he gives you 5 Good Minutes on EOS new platform “Voice” and also gives the Hard Truth on Binance’s just announced new stablecoin. “Thriller Crypto” podcast has been around since early 2017...