The Last Trade E049: Invert, Always Invert with Fidelity’s Chris Kuiper
Chris Kuiper of Fidelity Digital Assets returns to The Last Trade to apply the inversion mental model to Bitcoin's post-halving landscape. He walks through why trading volume is largely irrelevant noise and why the correct lens is net inflows versus available-for-sale supply, with roughly 70% of circulating Bitcoin held by long-term holders. The discussion covers the 155% 2023 bull market that traditional finance largely ignored, the surprise magnitude of ETF inflows in the weeks after approval, and why Fidelity's sustained research and education investment is a signal of their long-term conviction. The episode closes with Chris calling Bitcoin better than gold as a store of value, citing Japan's yen instability and the relentless block production as proof of Bitcoin's durability.
Show Notes
Chris Kuiper of Fidelity Digital Assets returns to The Last Trade to apply the inversion mental model to Bitcoin's post-halving landscape. He walks through why trading volume is largely irrelevant noise and why the correct lens is net inflows versus available-for-sale supply, with roughly 70% of circulating Bitcoin held by long-term holders. The discussion covers the 155% 2023 bull market that traditional finance largely ignored, the surprise magnitude of ETF inflows in the weeks after approval, and why Fidelity's sustained research and education investment is a signal of their long-term conviction. The episode closes with Chris calling Bitcoin better than gold as a store of value, citing Japan's yen instability and the relentless block production as proof of Bitcoin's durability.
Ready to convert your gold to Bitcoin?
Get Your Free Kit →