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.
For background, this conference has been a favorite of mine for years. Ethereum was announced here in 2014 and many would consider it a “crypto OG conference.” I’ve been attending the conference since 2016. Back then, it looked like nothing more than a half full community college classroom on a Saturday. It has been amazing to see the growth ebb and flow with the growth of the market over the years.
While here, we’ve been talking with existing institutional and retail crypto whale investors, newcomer traditional funds and Main Street retail, and industry insiders at leading crypto businesses to get a sense for wha...Reports you may have missed
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