MARKETS DAILY: Crypto Update | Bitcoin Is 'Significantly Undervalued Today': Off the Chain Capital CEO
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 29 April 2024
⏱️ 16 minutes
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| 0:49.6 | Our models today, whether it's a trendline analysis, Metcalf's law, stock to flow with either |
| 0:55.3 | US dollars or gold, all of those models indicate that Bitcoin is significantly |
| 0:59.7 | undervalued today. |
| 1:05.8 | It's Monday, April 29th, 2024, and this is Markets Daily, a show where we get into the minds of some of the |
| 1:12.4 | smartest and most experienced CEOs, investors, traders, analysts, economists, anyone with a |
| 1:18.3 | smart or hot take on the crypto markets. I'm Jen Sassy. Before we get into our discussion today, |
| 1:23.5 | let's take a look at what's going on in those markets. Bitcoin and Ether are treating lower this morning with mixed bullish and bearish market signals as the week begins. |
| 1:32.4 | Bitcoin was at around $62,000 the last time I checked and Ether was at around 3,100. |
| 1:37.8 | That was as of around 10 a.m. Easter time this morning. |
| 1:41.5 | There are fears of stagflation on the rise. Now, this is a period of high |
| 1:45.6 | inflation and low growth. This could be a worst case scenario for risk assets like crypto. We're |
| 1:50.9 | going to keep watching the macro aspect of the markets on this show. So if you don't already like |
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