MARKETS DAILY: Crypto Update | Upcoming Halving Will Be 'Most Symbolic' One Bitcoin Will Ever Have: Kraken Head of Strategy

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Tech News, Business News, Daily News, News

4.7 • 698 Ratings

🗓️ 19 March 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

The latest price moves and insights with Jennifer Sanasie and Kraken Head of Strategy Thomas Perfumo. To get the show every day, follow the podcast here. On "Markets Daily," Kraken Head of Strategy Thomas Perfumo joins CoinDesk with insights on recent movements in the crypto markets as bitcoin (BTC) slipped to as low as the $62,000 level on Tuesday. Plus, what the next halving means for bitcoin and the potential for spot ether ETF approval in the U.S. - Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk 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 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. 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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0:49.6	Bitcoin has what I would consider mathematically more sound or even more predictable and programmatic supply
0:56.8	curve because it's built on mining and the havings and whatnot.
1:00.4	So I do think Bitcoin is a superior form of sound money than gold.
1:10.0	It's Tuesday, March 19th, 2024, and this is Markets Daily, a show where we get into the minds
1:17.2	of the smartest and most experienced investors, traders, and analysts.
1:22.7	I'm Jen Sanasi. Before we get into our discussion, let's take a look at the prices today.
1:28.0	According to Coin Desk Indices at 8 a.m. Eastern time, Bitcoin was down more than 7% at $63,000. Ether, down 9% at
1:37.9	$3,272. And the CoinDest 20 index was down more than 10% at 2,382.
1:46.7	For more on the market's action, let's bring in Head of Strategy at Cracken, Tomas Perfumo.
1:52.2	A month ago, we were hitting all-time highs.
1:54.8	And this morning, everything's in the red.
1:56.8	What do you make of what's going on in the markets this morning?
	...

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