FedWatch 149 - Bitcoin Pump vs CBDC Obsession

<p>Hosts: <a href="https://twitter.com/AnselLindner">Ansel Lindner</a> and <a href="https://twitter.com/ck_SNARKs">Christian Keroles</a></p> <p>Watch this Episode:<a href="https://www.youtube.com/c/BitcoinMagazine"> YouTube</a>  ||  <a href="https://rumble.com/c/BitcoinMagazine">Rumble </a></p> <p>Fed Watch is a macro podcast with a clear contrarian thesis of a deflationary breakdown of the financial system leading to bitcoin adoption. We question narratives and schools of thought, and try to form new understanding. Each episode we use current events to question mainstream and bitcoin narratives across the globe, with an emphasis on central banks and currencies. </p> <p>Find all charts and links at <a href="https://bitcoinandmarkets.com/fed149">bitcoinandmarkets.com/fed149</a></p> <p>In<a href="https://youtu.be/P0tw7AgWHBg"> this episode</a>, Nolan and I discuss all the big news items of the week having to do with central banks and bitcoin. We start by talking about Bitcoin ETFs and the tidal wave of filings, we bring Producer Chris in to give his perspective as well, what it means for bitcoin. Next, we watch a couple Jerome Powell clips from his testimony in front of Congress, specifically his comments on &quot;crypto&quot; and CBDCs. At the end of the show, we discuss the collapse of the Chinese yuan (CNY) and what it can tell us about the state of, not only the Chinese economy, but also the global economy.</p> <p>In our Bitcoin ETF discussion, we hit on the curious timing of the Blackrock filing in relation to the SEC action against Coinbase and Binance, we speculate on the timing of any approval, its likelihood, and the whole Blackrock versus Grayscale debate.</p> <p>The CBDC discussion is an interesting one. Federal Reserve Chairman Powell was testifying in front of Congress and said very bluntly, they are not pursuing a retail CBDC. He did say, if they were to pursue a CBDC, which they are not at this time, it would be a wholesale type CBDC.</p> <p>The IMF managing director Kristalina Georgievahe came out t