Techmeme Ride Home (Bonus) Year-End Checkin On Crypto With Brady Dale of @coindesk
Dec 14, 2019
Brady Dale, a reporter at CoinDesk, shares expert insights on the wild ride of cryptocurrency in the past year. He discusses Bitcoin's evolving role as a potential safe haven, and the cautious stance of institutional investors due to regulatory scrutiny, especially concerning Bitcoin ETFs and the Libra project. The implications of recent controversies, including legal issues for figures like Virgil Griffith, are explored. Dale also highlights anticipated shifts in regulations and innovations like the Brave browser that aim to reshape online ad revenue.
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Bitcoin's Price and Market Correlation
- Bitcoin's price fluctuations remain mysterious, but big players haven't entered the market as expected.
- The correlation between Bitcoin and the stock market is weakening, suggesting it's not a safe haven.
Institutional Bitcoin Investment
- Institutional investment in Bitcoin has not materialized on a large scale as anticipated.
- While some bigger players are experimenting, major banks have not taken significant positions.
Bitcoin Rally and Market Manipulation
- The initial Bitcoin rally might have been driven by wealthy individuals hedging their bets with small investments.
- Market manipulation concerns and the lack of a Bitcoin ETF contribute to institutional hesitancy.