MARKETS DAILY: Crypto Update | Bitcoin's March to $69K, Is It 2020 All Over Again? With CoinFund's Seth Ginns
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 7 March 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
The latest price moves and insights with Jennifer Sanasie and guest Seth Ginns, CoinFund managing partner.
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On "Markets Daily," host Jennifer Sanasie is joined by CoinFund Managing Partner Seth Ginns to discuss another possible run to a bitcoin all-time high, government investments in spot bitcoin ETFs and where altcoins fit into the broader crypto rally.
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This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, 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 | It's Thursday, March 7th, 2024, and this is Markets Daily from CoinDesk. |
| 0:10.8 | I'm your host, Jen Sanassi. |
| 0:12.3 | Let's get right into the show. |
| 0:19.4 | Good morning, everyone. |
| 0:20.8 | On today's show, we'll be taking a look at the markets alongside Coin Fund Managing Partners. Good morning, everyone. |
| 0:24.6 | On today's show, we'll be taking a look at the markets alongside Coin Fund Managing Partner and Head of Liquid Investing, Seth, again. |
| 0:27.9 | Seth, welcome to the show. |
| 0:29.2 | Thanks for having me, Jen. |
| 0:30.9 | All right. |
| 0:31.6 | Everyone has been waiting for Bitcoin to get back to that all-time high. |
| 0:35.5 | It briefly touched the all-time high earlier this week. What are you watching? When are we going to get there to that all-time high. It briefly touched the all-time high earlier this week. |
| 0:38.7 | What are you watching? When are we going to get there? |
| 0:41.4 | So what was really interesting is we got to the all-time high way faster than I think a lot of |
| 0:46.7 | people were expecting. And the reason that seems to be out there is the ETFs. The ETFs. The ETF flows have just been extraordinary. |
| 0:56.6 | They've exceeded expectations, and they led to us getting there a lot faster. But what's really |
| 1:02.3 | interesting is what happened when we got to the all-time high was the same thing that happened |
| 1:08.4 | as we approached the all-time high back in 2020, the three-year |
| 1:12.5 | all-time high back in 2020. So that was 20,000. And we got up to the all-time high or got very |
| 1:18.5 | close to it. And then we had a pretty strong pullback. And then we went back up to it again. |
| 1:24.3 | And then we had a little pullback. And then we went up to it, and we broke through |
| 1:27.8 | in a big way. So the fact that the reaction at the all-time high, the resistance at the all-time |
| 1:34.2 | high was really similar to what happened in 2020, that was actually pretty encouraging. |
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