On The Margin

Blockworks
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On The Margin

The worlds of macro finance and crypto are continuing to draw closer together. On the Margin will host some of the greatest minds in the world of asset management, markets, and discuss how ideas that were once on the margin are now becoming mainstream.

  1. The BTC/ETH ETF Flows Are Just Getting Started | Matt Hougan

    17 OCT

    The BTC/ETH ETF Flows Are Just Getting Started | Matt Hougan

    In this episode, Matt Hougan joins the show to discuss BTC vs ETH ETF flows, the biggest ETF misconceptions, and the importance of regulatory clarity. We also delve into the value of incorporating BTC in a portfolio, future crypto ETF strategies, and much more. Enjoy! — Follow Matt Hougan: https://x.com/Matt_Hougan Follow Felix: https://x.com/fejau_inc Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Blockworks: https://twitter.com/Blockworks_ — Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join. Start your journey today at polkadot.com/get-started MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability. Learn more: https://www.mantrachain.io/ — Timestamps: (00:00) Introduction (01:51) BTC vs ETH ETFs (03:18) Success of BTC ETFs (04:28) Marginal Buyers of Crypto ETFs (06:49) Lackluster ETH ETF Flows (08:45) Surprise ETH ETF Approval (09:56) Value Proposition of Ethereum (12:41) Sacrificing ETH Utility in ETF Wrapper (13:55) Crypto ETF Options (18:38) The Future of Crypto ETFs (21:51) Bitwise Filing Process (23:27) Biggest ETF Misconceptions (26:17) Advertisements (27:32) Compliance Process (29:43) Election & Regulation (33:18) Regulatory Clarity (36:03) Incorporating Bitcoin Into A Portfolio (40:00) Gold vs BTC (42:10) Crypto Market Forecasts (44:29) Learn More About Matt & Bitwise — Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

    46 min
  2. The Economy is in Goldilocks | Ram Ahluwalia

    15 OCT

    The Economy is in Goldilocks | Ram Ahluwalia

    In this episode, Ram Ahluwalia joins the show to discuss his macro view of markets, why he thinks we’re in goldilocks, and his thought process for asset allocation. We also delve into NVIDIA and AI, factor investing, and the role of risk-adjusted returns. Enjoy! — Follo Ram: https://x.com/ramahluwalia Follow Felix: https://x.com/fejau_inc Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Blockworks: https://twitter.com/Blockworks_ — Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join. Start your journey today at polkadot.com/get-started MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability. Learn more: https://www.mantrachain.io/ — Timestamps: (00:00) Introduction (01:56) Ram & Lumida Wealth (02:32) Macro Overview (05:54) 50 Bps Cut Was a Mistake (07:19) Economic Goldilocks (11:27) Fed Mandate (12:33) Cutting Cycle Path (14:32) The Neutral Rate & Animal Spirits (17:05) Election Impact on Markets (18:55) Advertisements (20:11) Asset Allocation Strategies (25:27) NVIDIA & AI (28:55) Factor Investing (33:09) Mathematical Model Shortfalls (35:53) Risk-Adjusted Returns (39:24) Digital Asset Framework (45:40) Market Outlook — Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

    49 min
  3. The Great BTC ETF Debate: Bearish or Bullish?

    11 OCT

    The Great BTC ETF Debate: Bearish or Bullish?

    In this episode, Jim Bianco and James Seyffart join Felix at Permissionless to discuss who has been buying the BTC ETFs, whether ETFs are consistent with crypto ideals, and why the BTC ETFs were more successful than the ETH ETFs. We also delve into the difference between buying to hold and arbitrage, BTC ETF options, and much more. Enjoy! — Follow Jim Bianco: https://x.com/biancoresearch Follow James Seyffart: https://x.com/JSeyff Follow Felix: https://x.com/fejau_inc Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Blockworks: https://twitter.com/Blockworks_ — Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join. Start your journey today at polkadot.com/get-started MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability. Learn more: https://www.mantrachain.io/ — Timestamps: (00:00) Introduction (00:49) Have Bitcoin ETFs Been A Success? (02:27) Who is Buying Bitcoin ETFs? (06:58) Are ETFs Consistent with Crypto Ideals? (11:13) Basis Trade vs Holding (15:46) Advertisements (17:21) ETH ETFs vs BTC ETFs (22:08) Bitcoin ETF Options (26:59) Crypto Ideals at Risk? — Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

    32 min
  4. The Last Bitcoin Cycle That Matters | Charles Edwards

    26 SEPT

    The Last Bitcoin Cycle That Matters | Charles Edwards

    In this episode, Charles Edwards joins the show to discuss why the current cycle is the last that will matter, the impact of Bitcoin ETFs, and what the on-chain data is signaling. We also delve into the approval of options on the IBIT ETF, the key top signals, and much more. Enjoy! — Follow Charles Edwards: https://x.com/caprioleio Follow Felix: https://x.com/fejau_inc Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Blockworks: https://twitter.com/Blockworks_ On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin — Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join. Start your journey today at polkadot.com/get-started MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability. Learn more: https://www.mantrachain.io/ — Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii — Timestamps: (00:00) Introduction (02:04) Macro Overview (03:54) Soft Landing vs Hard Landing (06:09) Bitcoin Seasonality (09:22) Current Bitcoin Cycle Dynamics (12:57) Bitcoin Macro Index (14:41) Future Bitcoin Cycles Won't Matter (17:10) On-chain Data (19:50) Bitcoin ETFs (23:09) Ads (24:23) Interview Continues (27:38) Impact of IBIT Options (29:05) Financialization vs the Bitcoin Ethos (31:53) The Bitcoin Endgame (34:44) Leverage & Funding Rates (38:35) Top Signals — Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

    43 min
  5. The Fed’s Dilemma: Deflationary Cliff Or Debt Spiral | James Lavish

    19 SEPT

    The Fed’s Dilemma: Deflationary Cliff Or Debt Spiral | James Lavish

    In this episode, James and Felix discuss the latest Federal Reserve interest rate decision, the impact of quantitative easing & tightening, and the consequences of trillion-dollar annual deficits. We also delve into the repo market, why the Fed is disconnected from inflation, the role of hard assets like Bitcoin and gold, and much more. Enjoy! — Follow James Lavish: https://x.com/jameslavish Follow Felix: https://x.com/fejau_inc Follow On The Margin: https://twitter.com/OnTheMarginPod Follow Blockworks: https://twitter.com/Blockworks_ On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin — Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join. Start your journey today at polkadot.com/get-started MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability. Learn more: https://www.mantrachain.io/ — Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii — Timestamps: (00:00) Introduction (02:11) Unpacking The Fed Decision & Dual Mandate (12:53) Quantitative Easing & Tightening (18:24) 2019 Repo Spike & Dollar Shortage (24:39) Trillion-Dollar Annual Deficits (36:22) Advertisements (37:36) Why The Fed is Disconnected from Inflation (44:47) Is Bitcoin the Solution? (48:46) Gold & Bitcoin As Stores of Value (53:13) Permissionless Ad (53:54) Bitcoin Use Case For Global Sovereigns (58:58) Where to Follow James' Work — Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

    1h 1m
  6. Fed Cutting Cycle Imminent, What's Next for Markets? | Weekly Roundup

    14 SEPT

    Fed Cutting Cycle Imminent, What's Next for Markets? | Weekly Roundup

    This week we discuss the split odds between a 25 and 50 basis point cut at the Fed’s next meeting, market cutting cycle dynamics, and the rotation from growth to value. We also delve into the latest inflation data, rising labor productivity, and the outlook for crypto Enjoy! – Follow Ram: https://x.com/ramahluwalia Follow Quinn: https://x.com/qthomp Follow Felix: https://twitter.com/fejau_inc Follow On The Margin: https://twitter.com/OnTheMarginPod On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin – Weekly Roundup Charts: https://drive.google.com/drive/u/0/folders/1XMVpZ672sX1qJV-admNYvznOPFXR737S – Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join. Start your journey today at polkadot.com/get-started MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability. Learn more: https://www.mantrachain.io/ – Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii – Timestamps: (00:00) Introduction (02:22) Ram's Background (03:26) 25 Bps vs 50 Bps (08:42) Inflation Data (11:01) The Economy Is Okay (12:36) Fed Opening the Door to 50 Bps Cut (16:08) Parsing the Economic Data (18:12) Labor Productivity (20:27) Ads (21:44) Chinese Economy & Red Flags (28:08) US Equities (32:02) Growth Vs Value (34:31) Factor Market (36:34) Market Rotation (44:24) Permissionless Ad (45:02) Narratives Driving Markets (48:21) Digital Assets (54:49) Bitcoin & Crypto Price Action (59:05) Hot Money Rotation (01:00:37) Cutting Cycle Dynamics – Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

    1h 8m

  7. 12 SEPT

    Breaking Down the Disconnect Between TradFi & Crypto | Austin Campbell

    In this episode, Austin Campbell joins the show to discuss the modern banking system and how crypto is driving innovation. We also delve into stablecoin designs, their role in dollar hegemony, the pros and cons across the spectrum of decentralization, and much more. Enjoy! – Follow Austin Campbell: https://x.com/CampbellJAustin Follow Felix: https://x.com/fejau_inc Follow On The Margin: https://twitter.com/OnTheMarginPod On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin NYDFS Stablecoin Guidance: https://www2.deloitte.com/content/dam/Deloitte/us/Documents/regulatory/us-regulatory-nydfs-stablecoin-guidance.pdf – MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability. Learn more: https://www.mantrachain.io/ – Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii – Timestamps: (00:00) Introduction (01:46) Austin's Background (03:21) Unpacking the Banking System (06:15) Money Markets & Reverse Repo (10:35) Crypto's Role in Banking (14:05) Stablecoin Designs & Reserves (22:00) What is Crypto Solving? (27:33) Mantra Ad (28:14) Spectrum of Decentralization (32:34) CBDCs (36:41) Blockchains vs Databases (40:06) Permissionless Ad (40:46) Crypto & Dollar Hegemony (44:52) Backlash to Crypto (47:46) Crypto Market Outlook – Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

    52 min
  8. Fed Easing Will Match Weakness In The Labor Market | Weekly Roundup

    7 SEPT

    Fed Easing Will Match Weakness In The Labor Market | Weekly Roundup

    This week we discuss the soft jobs report and how it compares to the other data, the state of the yield curve and credit markets, and how China is bringing down commodities. We also delve into AI centralization, the outlook for Bitcoin and crypto, and much more. Enjoy! – Follow Quinn: https://x.com/qthomp Follow Felix: https://twitter.com/fejau_inc Follow Tyler: https://twitter.com/Tyler_Neville_ Follow On The Margin: https://twitter.com/OnTheMarginPod On The Margin Newsletter: https://blockworks.co/newsletter/onthemargin – Weekly Roundup Charts: https://drive.google.com/file/d/1GnXSyf79KLMoG5p0RRFoNBoAQUet_TOE/view?usp=sharing – Polkadot is the foundation for an open and resilient web. Governed by its users, Polkadot empowers the largest DAO of 1.3M DOT holders to shape the network’s future. Home to 500+ apps and chains backed by $6B in shared security, Polkadot is revolutionizing DeFi, GameFi, AI, RWAs, and more. With upgrades like Async Backing, Agile Coretime, Elastic Scaling, and JAM on the horizon, now’s the time to join. Start your journey today at polkadot.com/get-started MANTRA is a purpose-built RWA Layer 1 blockchain capable of adherence and enforcement of real world regulatory requirements. As a permissionless chain, MANTRA empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced tech modules, compliance mechanisms, and cross-chain interoperability. Learn more: https://www.mantrachain.io/ – Join us at Permissionless III Oct 9-11. Use code: MARGIN10 for a 10% discount: https://blockworks.co/event/permissionless-iii – Timestamps: (00:00) Introduction (01:37) Non-Farm Payrolls (09:52) Comparing Other Labor Market Data (12:47) The Fed's Reaction Function (17:54) The Yield Curve Uninverting (19:13) Credit Spreads & Equity Rotation (25:54) Buy What The Government Is Incentivizing (28:34) Advertisements (29:48) Tyler's AI Rant (33:25) What's Going On In China? (39:30) Flight From China (41:52) Permissionless Ad (42:32) Crypto Market Update (44:54) The Effects Of Rate Cuts (47:13) Bitcoin Downside & Outlook – Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

    57 min
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About

The worlds of macro finance and crypto are continuing to draw closer together. On the Margin will host some of the greatest minds in the world of asset management, markets, and discuss how ideas that were once on the margin are now becoming mainstream.

Information

  • Creator
    Blockworks
  • Years Active
    2021 - 2024
  • Episodes
    377
  • Rating
    Explicit
  • Copyright
    © 384141 Blockworks 2021

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