How Crypto Markets Are Reacting Post-Selloff, With Election/Fed Uncertainty Ahead - Ep. 685

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 9 August 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After the unwinding of the Japan carry trade, the weak jobs report, and Jump’s dumping of ETH slammed crypto prices earlier this week, Jason Pagoulatos, head of markets at Delphi Digital, gives his insights on where prices are headed. He explains why he thinks Ethereum has underperformed so far in 2024, how the ETH ETFs might impact the price as outflows from Grayscale’s ETHE dwindle, and how the election, moves by the Fed, and the adoption of Bitcoin ETFs by Morgan Stanley advisors will affect BTC. Show highlights: 00:00 Intro 01:34 Why the markets have rebounded since the weekend selloff 04:11 The role of Jump in the ETH selloff and why ETH has been underperforming so much this year 14:18 Whether Grayscale’s ETHE slowing down the outflows will reverse the trend for ETH 17:53 Why Jason believes that investment advisors will continue to push bitcoin to their clients 20:18 How the macroeconomic environment is affecting crypto prices now and the impact in the near future Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! iTrustCapital Polkadot Token 2049 Guest Jason Pagoulatos, head of markets at Delphi Digital Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey all, if you're a listener in Seoul, South Korea, I will be doing a book event there for the
0:04.9	Korean translation of my book, which in Korean is titled, Etheium billionaires.
0:10.0	It's on August 19th at 7 PM at Chemistry, spelled K-E-E-M-I-S-T-R-I in Gangnam. You can go to the pinned post on my
0:18.4	Twitter profile to RSVP at the Luma link and there's also a link to buy the book for 10% off at Kiobo Book, and we will also have books there for you to buy at 20% off at the event.
0:28.8	Come and ask me a question or get your book signed or just hang out with other crypto people in Seoul.
0:34.0	Again, for all the details and to RSVP at the Luma link, check out the pinned post on my Twitter
0:40.0	and we will also be putting the link in the newsletter starting next week.
0:43.3	Hope to see you then.
0:45.2	It seems pretty obvious to us that like, that Salana versus Eath had more narrative shots on
0:51.2	goal and Bitcoin versus Eath was just a much more clean investment. had more
0:53.8	narrative shots on goal and Bitcoin versus Etho was just a much more clean investment you know thesis so like if I'm looking at it from that perspective it's like I go
0:59.4	Bitcoin and then I go further on the risk curve and maybe take Salon and then I just kind of forego eth for the time being
1:08.7	Hi everyone welcome to Unchained your no-hape resource for all things crypto.
1:13.0	I'm your host Laura Shin, author of the cryptopians.
1:16.5	I started covering crypto nine years ago and as a senior editor Forbes was the first
1:20.4	mainstream made reporter to cover cryptocurrency full time. This is the August 9th 2024 episode of Unchained.
1:27.0	Get ready for the world's largest crypto event, token 2049 Singapore, from September 18th to 19th.
1:34.0	Join over 300 speakers and 20,000 attendees.
1:38.0	Visit token 2049.com for 15% off with code unchanged.
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