When Jack Farley bumped into macro investor Michael Nicoletos on the Blockworks Digital Asset Summit in London, he knew the 2 needed to movie an interview. Nicoletos shares his ideas on crypto’s position inside a macro portfolio, why the U.S. greenback is rising towards different currencies, and why the 40-year bull market in bonds won’t but be over. Nicoletos argues that central financial institution digital currencies (CBDCs) will finally substitute stablecoins as an onramp to crypto, and argues that China financial woes are very severe.
02:50 A Macro View of Crypto
11:54 Central Bank Digital Currencies (CBDCs)
13:42 Taxes and Regulation in Crypto
17:25 Making Sense of Crypto’s Huge Bull Run
27:34 What Does A Rising Dollar Mean?
37:05 China’s Economic Woes
41:35 Where Are The Bubbles
Blockworks subsequent crypto occasion in May 2021: https://blockworks.co/occasions/permissionless/
Jack Farley’s Twitter: @JackFarley96
Michael Nicoletos’ Twitter: @mnicoletos