TFTC: A Bitcoin Podcast #635: Bitcoin's New Paradigm with James Check
Jul 2, 2025
In a captivating discussion, Bitcoin analyst James Check, founder of CheckOnChain, dives into the current market dynamics of Bitcoin. He analyzes on-chain data revealing strong support levels around $90K and discusses the sustainability of demand from ETFs and treasury companies. James shares insights on the shift towards a 'new paradigm' marked by lower volatility and increased institutional adoption. He explores the challenges presented by U.S. Treasury debt and the implications for Bitcoin's role as a liquidity hedge in today’s evolving financial landscape.
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Bond Markets and the CPI Shelling Point
- Bond markets use CPI as a common inflation benchmark despite knowing its flaws, creating a shelling point in market pricing.
- This dynamic forces uniformity but delays market adjustment to true inflation realities.
Stablecoins and Treasury Demand Limits
- Stablecoin regulatory clarity may not boost US Treasury demand as expected; Tether's model shows limitations in yield generation.
- Tether's company profits are separate from token backing, allowing possible Bitcoin and gold accumulation independent of stablecoin reserves.
Bullish While Above $90K
- Stay bullish while Bitcoin stays above $90K support, as it signals strong demand and short-term cost basis.
- Expect short-term volatility with leveraged traders hedging downside and occasional price dips before higher moves.