86: The Perfect FUD

In this episode of This Week in Bitcoin, Chris Fisher discusses the current negative sentiment in the Bitcoin market, exploring potential price manipulation by large wallets and institutions, particularly around the iShares Bitcoin ETF (IBIT). He notes that positive price action primarily occurs outside regular trading hours and points out a consistent 10 a.m. sell-off. Fisher also addresses the delay in passing the crypto market structure bill, highlighting concerns about a surveillance clause. The episode further delves into the debate around quantum computing as a FUD narrative, triggered by Luke Groman's decision to sell Bitcoin due to quantum concerns. Fisher counters Groman's reasoning, citing factors like OG whales rotating to ETFs and the potential for ETFs to buy more Bitcoin than is mined. The episode also touches on the private credit bubble and the AI pump, ending with a discussion on OG whale selling.