MARKETS DAILY: Crypto Update | Bitcoin Could See 'Real All-Time High for This Cycle' in Q3 or Q4: Delta Blockchain Fund Founder
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 23 April 2024
⏱️ 19 minutes
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Summary
The latest price moves and insights with Jennifer Sanasie and Delta Blockchain Fund founder and general partner Kavita Gupta.
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On "Markets Daily," Delta Blockchain Fund founder and general partner Kavita Gupta shares her analysis with a focus on bitcoin's performance following the spot BTC ETF success. Plus, insights on the integration between AI (artificial intelligence) and blockchain, and the security concerns surrounding restaking.
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This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Victor Chen, alongside Senior Booking Producer Melissa Montañez. All original music by Doc Blust and Colin Mealey.
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Transcript
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| 0:00.0 | Do I see it is crossing 72-74 mark, which recently happened anytime soon? |
| 0:08.4 | I'm actually not sure. |
| 0:10.2 | I think it will go to 70, but I still believe that in summer we're going to see a liberal pull-in |
| 0:19.6 | and around may not be 20% for bitcoin maybe 5 to 10% for |
| 0:25.2 | Bitcoin like early 60s if we are very lucky for the buy side because I'm going to buy if it goes |
| 0:30.6 | down to late 50s but that's it but maybe a bigger pull-in for the ETH and the other all-coins. |
| 0:39.1 | But that's what I'm thinking, that the real all-time high for this cycle is probably Q3, Q4. |
| 0:50.6 | It's Tuesday, April 23rd, 2024, and this is Markets Daily, a show where we get into the minds of the smartest and most experienced investors, traders, analysts, CEOs, VCs, people who have a smart or hot take on what's going on in the crypto markets. |
| 1:06.6 | I'm Jensen Asi. Before we get into our discussion today, let's take a look at what's going on in those markets. |
| 1:12.3 | Bitcoin remains largely unchanged this morning around $66,000. |
| 1:16.4 | The largest cryptocurrency by market caps, 200-day moving average is approaching a record high, signaling some strong bullish momentum. |
| 1:27.5 | It appears on its way to surpass its previous peak, which is noteworthy because past data |
| 1:33.7 | shows us that the most intense phase of the bullish cycle unfolds after the average surpasses |
| 1:39.6 | its previous peak to new lifetime highs. |
| 1:43.2 | If we now look at the coin desk 20 today, only two out of the 20 |
| 1:47.1 | assets are trading higher. Now, while the Bitcoin trend indicator has turned into an uptrend, |
| 1:53.0 | the ether trend indicator is in a downtrend and has been for the last week or so. With all of |
| 1:59.1 | these mixed signals, we are trying to make sense of this this morning. |
| 2:03.0 | We're going to bring in now Delta Blockchain Fund founder and GP Kavita Gupta. |
| 2:08.4 | Welcome back to CoinDesk. |
| 2:10.4 | Hey, Jen. |
| 2:11.2 | So good to see you. |
... |
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