• Crypto Update | Increasing Adoption: Institutional Investors and Bitcoin

  • Apr 24 2024
  • Length: 17 mins
  • Podcast
Crypto Update | Increasing Adoption: Institutional Investors and Bitcoin  By  cover art

Crypto Update | Increasing Adoption: Institutional Investors and Bitcoin

  • 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

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    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.

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