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Fed Watch - Bitcoin and Macro

Jul 1, 2022

Fed Watch is the macro podcast for bitcoiners.

Each episode we discuss current events in macro from across the globe, with an emphasis on central banks and currencies.

In this episode, I tackle a question CK put to me in FED 100, namely, why does the Euro face fragmentation risk and the dollar doesn’t? My answer on the last show was sub-par, so I thought I’d take it up again, this time with more nuance. When evaluating the dollar’s fragmentation risk, we can look at it from an internal perspective of fragmentation within the 50 States, or an external perspective of a fragmentation of the global dollar system. I answer the question in this episode from both angles, and also explain how bitcoin becomes a “must have” money in the future.

We livestream most of our shows on the Bitcoin Magazine YouTube channel on Tuesdays at 3:00 P.M. Eastern time. Mark your calendars!


Here is some further reading on internal differences:

Academic paper

Associated LSE blog post

Historic defense/security costs

Fiscal politics in the Euro Area

That does it for this week. Thanks to the watchers and listeners. If you enjoy this content please SUBSCRIBE, REVIEW on iTunes, and SHARE!

Written by Ansel Lindner

Economist, bitcoin specialist, and author of the Bitcoin Dictionary and the free weekly Bitcoin Fundamentals Report. Find more from Ansel at the