“It’s a different game now, it’s more measured, a little bit slower, much more capital involved...Bitcoin has really crossed that chasm now to impact traditional finance very clearly in this year.”
— Willy Woo

Location: Remote
Date: Thursday 25th November
Project: Hypersheet
Role: Co-Founder

Comparisons between the 2017 & 2020/2021 bull markets are commonplace, and for a good reason. The 2016 halving kicked off a huge run and the first instance of wider retail getting involved in the Bitcoin market. 2020's halving was one catalyst for the current bull run. However, this time, the market participants are very different. 

Michael Saylor helped change the way institutions approach bitcoin, and a slew of other companies followed in his footsteps. Then, most notably, El Salvador became the first nation-state to make Bitcoin legal tender. Mainstream bitcoin investment has been a defining event of 2021.

Further, this year has witnessed much more complex market activity: ETFs, shorting, and debt leveraged long positions. As a result, stakeholders have also had to assimilate a rapid increase in market-shifting news. This past month has been no exception, culminating in Nayib Bukele, El Salvador's president, announcing his country's 'Bitcoin Bond'. 

In this interview, I talk to on-chain analyst and long-time friend of the show, Willy Woo. We discuss price forecasts, El Salvador's 'Bitcoin Bond', political attacks on Bitcoin, macro events, and comparisons to Ethereum. 

This episode’s sponsors:
Gemini - Buy Bitcoin instantly
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Exodus- The world's leading Desktop, Mobile and Hardware crypto wallets.
Ledger- State of the art Bitcoin hardware wallet
Compass Mining - Bitcoin mining & hosting

-----

WBD429 - Show Notes

-----

If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

Become a Patronand get access to shows early or help contribute

Make a tip:
Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
QR Codes: Bitcoin
If you do send a tip then please email me so that I can say thank you

Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer| TuneIn | RSS Feed

Leave a review on iTunes

Share the show and episodes with your friends and family

Subscribe to the newsletter on my website

Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium|YouTube

If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.