In this Friday Fundamentals episode, we hit some conflicting metrics from around the space, including technical divergence, stubborn sentiment, slow mining reaction, and lightning dynamics. For news we hit Representative Sherman’s stupid crypto bill, the Binance hack and a Tether update.
This is a Friday Fundamentals episode where I go over the Bitcoin price, market sentiment, mining, and news that affect the fundamentals. Tether is grabbing headlines right now, but there’s a split growing among Bitcoin supporters. The old-timers seen to support Tether and Bitfinex, while others are overly harsh. I breakdown that dynamic and explain that Tether is the front line in the currency war.
On our Friday Fundamentals episodes we discuss price, sentiment of the market, mining, lightning and development. This episode we also discuss the big Bitcoin news of the day with the Tether and Bitfinex situation.
In this Friday Fundamentals episode I discuss Frances Coppola’s ignorance and dive into Lightning growth and how to think about it. Next, I hit on how China’s involvement in Venezuela is an example of US dominance waning similar to Russia’s beating the US in Syria. After that I share some thoughts about the Bitcoin Lawyer Marco Santori’s dissection of the SEC letter on Ethereum. I end with commentary about the What Bitcoin Did controversy.