Archive: institutional investors
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Why CBDCs Aren’t a Threat to Crypto
By Yasmin Sharbaf on February 24, 2023
Crypto Market Musings One of the catalysts for our current crypto bear market was the collapse of Terra in early 2021. As a refresher, the algorithmic stablecoin TerraUSD failed to maintain its $1 peg. That caused its companion coin Luna to collapse. The twin collapses rocked the crypto ecosystem. And the SEC is finally charging founder Do Kwon and Terraform Labs with securities fraud. Regulators are continuing to tighten their grip…
Ethereum Merge Signals a Bright Future for Crypto
By Allison Brickell on September 21, 2022
Ethereum bulls are still rejoicing after last week’s successful Ethereum Merge. The Ethereum network shifted from proof of work to proof of stake — a massive undertaking likened to changing a spaceship engine mid-flight. It was a long time coming. The Merge was beset by delays…
Explosive Returns Drive Record Crypto Investment
By Adam Sharp on November 12, 2021
Venture capitalists (VCs) invested a record $6.5 billion in crypto in the third quarter of 2021. Here are some highlights from a November 2 CoinDesk article. The U.S. continued to lead the world in VC funding into the crypto…
$33 Billion Fintech Unicorn Uses Bitcoin for International Payments
By Adam Sharp on September 17, 2021
Revolut is a fast-growing e-bank in the U.K. that’s worth $33 billion. And this week we found out that it is using bitcoin to pay for its U.S. office rental space. Ryan Weeks of The Block did a nice…
Institutional Investors Likely to Grapple With Crypto FOMO
By Adam Sharp on August 20, 2021
Back in December 2020, I wrote the following in “Institutional Bitcoin Is Here to Stay:” Insurance giant MassMutual announced last week that it had purchased $100 million worth of BTC. It also took a $5 million equity stake in New York…
The Real Problem with SPACs
By Andy Gordon on May 26, 2021
I’ve never hidden my disdain of special purpose acquisition companies (SPACs). As a refresher, SPACs are shell companies that attract investors and then go public in order to merge with a specific startup, thereby taking the startup public. I laid into them back in January in…
Crypto Crash Isn’t Elon Musk’s Fault
By Vin Narayanan on May 20, 2021
One of these days, we’ll dig into my complicated feelings about Elon Musk. They were complicated before Tesla bought bitcoin, started accepting bitcoin as a payment method, stopped accepting bitcoin as a payment method and Musk hopped aboard the crazy dogecoin train. (Say it…
How to Develop a Strategy for Ethereum
By Vin Narayanan on May 13, 2021
Ethereum (ETH) is killing it. That’s the only way to describe this current run that the second-largest cryptocurrency is on. On Wednesday, its price hit an all-time high of $4358.30 at 10:30 a.m. ET according to CoinMarketCap. A year ago, ethereum was trading for $197.59. That’s…
Bitcoin Sell-Off is Nothing to Panic About
By Vin Narayanan on April 19, 2021
My phone woke me up unexpectedly Sunday morning. It was buzzing with the news that bitcoin had suffered a flash crash — dropping as much as 14% to $51,141. I saw the alerts, checked my Twitter timeline and…
Bitcoin Is Primed for Continued Growth
By Adam Sharp on April 9, 2021
The crypto bull market is showing remarkable strength. After months of incredible growth, bitcoin is trading in a remarkably tight range — anywhere from $56,000 to $58,000. It looks to me like big players are building positions. If these new institutional investors hold for the long…
Goldman Sachs is on the Bullish Bitcoin Train
By Adam Sharp on March 12, 2021
This week we got a new podcast featuring Mathew McDermott, head of Digital Assets for Goldman Sachs’ Global Markets Division. He discussed booming crypto demand from clients and what’s driving the move. Bitcoin.com provided a nice summary of the conversation. Here…
Explaining Bitcoin’s Rise From $6k to $56k in a Single Year
By Adam Sharp on March 12, 2021
One year ago — on March 12th, 2020 — bitcoin was trading at $6,131 per coin. It had been valued at more than $12,000 in June 2019. But markets everywhere were in a bit of a panic last March, and stocks were trading…
JP Morgan Survey Shows Institutional Crypto is Growing
By Adam Sharp on March 5, 2021
JP Morgan released an interesting survey this week. It polled 3,400 institutional investors — representing 1,500 firms — about their views on crypto. Here are some highlights: 11% of respondents work at firms that own or trade crypto. 22% said their companies are likely…
Forget SPACs — There’s a Better IPO for Everyday Investors
By Andy Gordon on February 17, 2021
The wrong kind of IPO is getting all the attention these days. And the right kind is being virtually ignored. The much praised — but highly flawed — special-purpose acquisition company (SPAC) is the talk of the town right now. SPACs are shell companies that raise…
Cannabis Stocks: High Growth at Low Prices
By Adam Sharp on January 22, 2021
Cannabis stocks had a rough 2018, 2019, and most of 2020. However, it looks like the bear market may finally be ending now. In the last two months, cannabis stocks have surged higher. The largest cannabis exchange-traded fund (ETF) by assets — the ETFMG Alternative Harvest…
Bitcoin’s Surge: Supply and Demand in Action
By Vin Narayanan on January 7, 2021
As I write this, bitcoin is trading around $38,300. That means investors that bought bitcoin at the previous market peak in late 2017/early 2018 are up 100%. And people that bought bitcoin at the beginning of 2020 are up about 432%. So why is bitcoin surging…