Thoughts from on the ground at the Bitcoin Miami Conference
Crypto markets have remained relatively quiet (although Elon Musk hasn’t) and stable this week. Last week, we wrote several notes about why we thought the market may have found a bottom due to the massive deleveraging, that a falling BTC VIX is indicating peak fear fading, and how news getting “less bad” is good for the market. We didn’t expect the weekend sell-off that many were fearful of, and once that didn’t materialize, we’ve seen investors start to get more optimistic.
We’re at the Bitcoin Miami conference this week and decided to move our weekly note to this Friday to give clients a sense of what we’re hearing from on the ground.
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