On episode #14 of Alpha Bites, the bears take over the show as JJ describes the drivers of last week's volatility that dropped #btc to $25K and explains why the DXY (dollar) wrecking ball is coming for Bitcoin and the crypto markets.
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JJ walks us through a bear case scenario where the DXY breaks above $104 and then makes a parabolic move, crushing risk assets like #btc #ethereum and the rest of the crypto markets. While Judgement Day hasn't yet arrived, the end of August marks a crucial point.
While Ben Lilly concurs with JJ's bear thesis, Ray offers a contrarian view, making the case that Bitcoin's recent drop might just be a generational buying opportunity. His analysis is supported with a historic RSI print for Bitcoin.
Next, Ben Lilly shifts the discussion to a little known form of Central Banker money and explains why it might hold clues to when the markets will see a downturn. With the 2023 Economic Policy Symposium, "Structural Shifts in the Global Economy," happening in Jackson Hole, Wyoming, USA August 24 - 26, expect to hear more rhetoric on higher for longer and the dangers of unregulated cryptocurrencies.
Returning to the crypto markets, Kodi reviews three projects on the "Like It or Spike It" segment.
* Osmosis upgrades to Uniswap v3 style liquidity and changes OSMO token economics
* FC Barcelona Announces New Strategic Partners for Barça Vision (its digital/blockchain initiatives)
* #curve crvUSD crosses $100 million in circulating supply
On the deep dive, JJ reviews troubling data for #bnb that might just signal a massive fall from it's current price. JJ expands on the potential impact of #binance having to sell Bitcoin to defend BNB's price and how it might end up looking like an FTX collapse. Not good.
Finally, Marconi asks the team which #twitter accounts they would choose for Friend.Tech (the answers might surprised you). Ben Lilly offers a defense for better regulation to let anonymous teams build new technology and Ray suggests Friend.Tech can be a powerful tool for influencers looking to build a brand.
Everyone agrees that speculating on people is a bit too much like Black Mirror. But we can't stop it...
TL:DR, a lot of uncertainty in the markets, with potential large impacts from a rising DXY and a falling BNB. Stay safe, do your own research, and don't APE (FYI, not financial advice)!
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## Disclosure Statement This content is for entertainment purposes only. Nothing shared during this broadcast is or should be considered financial advice. The views and thoughts shared here are simply opinions. Do your own research and consult a registered financial advisor before making any investments.
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