MARKETS DAILY: Crypto Update | Increasing Adoption: Institutional Investors and Bitcoin

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4.7 • 698 Ratings

🗓️ 24 April 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

The latest price moves and insights with Helene Braun and Mark Connors, Head of 3iQ. To get the show every day, follow the podcast here. On "Markets Daily," — Mark Connors, Head of 3iQ discusses the current state of the crypto market after the halving and the impact of the macroeconomic environment on Bitcoin. He explains that the market is following a similar pattern to previous halvings and that the macroeconomic environment supports Bitcoin as a store of value. Takeaways | The crypto market is currently calm after the halving, with Bitcoin and Ether trading in tight ranges. The macroeconomic environment, including fiscal spending and printing of money, supports Bitcoin as a store of value. Bitcoin's price outlook is positive, with price targets ranging from $110,000 to $180,000 by the end of the year. Understanding the security of custodians is important when investing in spot Bitcoin ETFs. The adoption of Bitcoin by institutional investors, particularly registered investment advisors in the Midwest, is increasing. Chapters | 00:00 Introduction and Overview of the Crypto Market 05:24 The Weakness or Strength of the Dollar and its Impact on Bitcoin 11:07 Centralization and Custodian Security in Spot Bitcoin ETFs 15:35 Conclusion and Closing Remarks LINKS | CoinDesk 20 3iQ - Consensus 2024 is where experts convene to discuss ideas shaping our digital future. Join developers, investors, founders, brands, policymakers, and more in Austin, Texas from May 29-31. CoinDesk curates the tenth annual Consensus to feature the industry’s most sought-after speakers, unparalleled networking opportunities, and unforgettable experiences. Take 15% off registration with the code MD15. Register now at consensus.coindesk.com. - This episode was hosted by Helene Braun. “Markets Daily” is produced and edited by senior producer Michele Musso, and executive producer Jared Schwartz alongside Senior Booker, Melissa Montañez—all original music by Doc Blust and Colin Mealey. 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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0:00.0	Volatility, people immediately say it's negative, like a volatile substance can blow up.
0:05.4	But volatility is like cholesterol.
0:08.1	There's good cholesterol and there's bad cholesterol.
0:10.4	So volatility can also be like a heartbeat.
0:12.8	It shows vitality or it can be like a shutter telling you that something's wrong.
0:17.2	So Bitcoin has good volatility, but overall, if you look at how volatile Bitcoin was three years ago,
0:22.9	it's half as volatile. Its volatility is coming in, which means its uncertainty is dropping.
0:34.2	It's Wednesday, April 24th, 2024. Hello, and welcome back to Markets Daily, where we bring you
0:41.7	insights from the smartest and most experienced traders, investors, analysts, and so much more.
0:48.4	It's been five days since having and Bitcoin is holding steady at around $66,000. There's been barely any movement,
0:57.6	which we'll talk about why that is with our guests in a minute. Ethereum and other major
1:02.5	crypto assets have been following a similar trend as they usually do. Surprisingly,
1:08.3	Maddick is leading the market today up about 4% at 76 cents.
1:13.7	But overall, it seems that the market is still digesting the having on Friday night
1:18.3	while also navigating the macroeconomic landscape.
1:22.1	So let's chat with our guests about this and more.
1:26.1	On the show today, we have Mark Conner's head of research at
1:30.0	3 IQ. Welcome, Mark. Lien, thanks for having me on. Always always a pleasure. Mark, this week has been
1:36.9	surprisingly calm in the crypto markets with Bitcoin and Ether, both trading in tight ranges.
1:43.8	Why are traders hesitant to make moves right now?
1:47.0	Or is this just a normal post-having reaction?
1:51.2	That's a lot. That's a pack question there, Helene. Is it a normal one? So like most analysts,
	...

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