Episode Details

23rd Dec: Blockchain DXB Podcast
🤔FOMC/ BlackRock 21M narrative 🔻Spot Bitcoin ETFs record withdrawal 🟢Tether invests in Rumble 🏆Bo Hines to lead "Crypto Council"
🔻Bitcoin & Cryptomarket has been down since the Federal Reserve Board FOMC meeting. We at Blockchain DXB very strongly feel the FOMC meeting & the announcement by Fed chair Jerome Powell is a great sign for the price of hashtag#BTC & hashtag#Cryptocurrency. However, hashtag#fakenews & misleading information driven by Mainstream media has led the prices https://lnkd.in/dW3Puu5Do to fall. We strongly urge you to watch the full announcement via YouTube here. In today's episode, we discuss
- Interest Rate Reduction:
- Economic Growth:
- Consumer Spending and Investment
- Labor Market Conditions
- Inflation Trends
- Monetary Policy Stance
- Future Projections
- Risks and Uncertainties
- Commitment to Dual Mandate:
The market is driven by hashtag#fakenews & hashtag#misleading narratives by Mainstream Media
⚫The news surrounding BlackRock's educational video has created controversy regarding a fixed cap of 21M Bitcoin.
Can the 21M BTCCap be changed?
Short answer - YES
Will it change - NO
In today's episode, we discuss what it would take to change the 21 million Cap
- A Hardfork
- Miners need to agree
- Exchanges (CEX & DEX) need to agree
- Developers  need to agree
- Users need to agree
🗣️ For our Unbias & unfiltered chat check out our conversation live today via LinkedIn at 2[m GST with Markose Chenthitta from OORT.
🔻 Bitcoin ETFs saw record outflows of $671.9 million on Thursday, ending a 15-day inflow streak. Fidelity's FBTC and Grayscale Investments's GBTC led with $208.5 million and $188.6 million withdrawn, respectively, while BlackRock's IBIT saw no inflows for the first time in weeks. Bitcoin dropped 10% to $96,000, and CME Bitcoin futures premiums fell to 9.83%, signalling weakening demand. Ether ETFs also faced $60.5 million in outflows as Ether dropped 20% to below $4,100. The declines reflect bearish sentiment across crypto markets post-Fed decision.