COINDESK DAILY: JPMorgan Expects Bitcoin to Drop After Halving; New Zealand Starts Digital Cash Consultation

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4.7 • 698 Ratings

🗓️ 18 April 2024

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

Host Jennifer Sanasie breaks down the latest news in the crypto industry from JPMorgan's bitcoin prediction to New Zealand's launch of digital cash consultation. To get the show every day, follow the podcast here. "CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as a new research report from JPMorgan says the bitcoin price is likely to drop after the halving event. Plus, the launch of digital cash consultation in New Zealand, and the latest from the Mango Markets fraud trial. - Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Register now at consensus.coindesk.com. - This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:51.6	Bitcoin is likely to drop after the halving.
0:54.3	That's according to a report by J.P. Morgan, the bank's analysis of open interest in Bitcoin future shows that the cryptocurrency is still considered overbought.
1:03.0	According to its analysis, Bitcoin's price of $61,200 is above the bank's volatility-adjusted comparison with gold, which sets it at $45,000 and its projected production cost of $42,000 after the halving.
1:17.8	JP Morgan also notes that venture capital funding remains subdued
1:21.0	despite the recent crypto market resurgence and says the biggest impact of the having
1:25.8	will be felt by mining companies.
1:28.4	New Zealand starts a digital cash consultation.
1:31.8	The consultation paper asked its citizens to respond on the digital cash design,
1:36.2	whether or not interest should be paid and if there should be holding limits.
1:40.2	The Reserve Bank of New Zealand is considering a $2,000 holding limit,
1:43.7	which is similar to the digital euros benchmark.
1:46.0	The consultation paper said that digital cash could boost competition in the country's payments landscape
	...

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