Institutional Money Drives Bitcoin Higher, China Grapples with Energy Crisis | Round Up

In this episode of the weekly round up, Mike and Mark spend a lot of time on Bitcoin's recent run above $55,000. They take a look at open interest and the rolling 1 month basis on Bitcoin futures on CME compared to other offshore exchanges like Deribit and Huobi, and what that says about institutional flows. They also take a look at Bitcoin's price action compared to previous cycles in 2013 and 2017, and the recent resumption of the seasonality trend and divergence from equities.

In the latter portion of the conversation they dive deep into food prices, rising energy prices and depleted coal reserves in China and India, and what that says about the current state of geopolitics. Finally they cover George Soros' family office getting further into crypto and the FDIC reportedly taking a look at insuring stablecoin deposits.

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