Ep. 192: Yesha Yadav on Crypto Bankruptcies, Stablecoin, and Treasury Market Issues
Bilal Hafeez
Greg Lippmann is the Managing Founding Partner and the Chief Investment Officer of the $9.8bn asset management firm, LibreMax.
Bilal Hafeez
Greg Lippmann is the Managing Founding Partner and the Chief Investment Officer of the $9.8bn asset management firm, LibreMax.
Dalvir Mandara
We investigate what impact minor allocations (1% to 5%) of crypto in a portfolio of well-diversified assets have on the overall portfolio performance.
Robin Wilkin
We have a huge couple of weeks ahead from a macro standpoint. The Fed will be the focus of attention from crypto’s perspective.
Dalvir Mandara
Weak earnings reports in the tech sector weighed on crypto markets this week. The S&P 500 and the Nasdaq slumped yesterday after Tesla and Netflix shares plunged following the release of their quarterly earnings.
Robin Wilkin
Crypto seemed to react far more to the Ripple news than macro developments, but both Ethereum and Bitcoin are holding technical resistance levels and struggling to gain real momentum.
Dalvir Mandara
Bitcoin hit a 13-month high of $31,500 yesterday before falling below $30,000 after the US ADP private sector employment report revealed 497,000 private-sector jobs were added in June against expectations of 220,000.
Bilal Hafeez, Dalvir Mandara
Trading View (next 2-4 weeks): We like to be slightly bullish ethereum.
Robin Wilkin
Bitcoin and Ethereum remain in a consolidation/correction phase, but the underlying structures remain bullish at this stage.
Dalvir Mandara
Bitcoin hit a 13-month high of $31,500 yesterday before falling below $30,000 after the US ADP private sector employment report revealed 497,000 private-sector jobs were added in June against expectations of 220,000.
Robin Wilkin
Bitcoin and Ethereum have shifted in the last week into a consolidation phase, after the aggressive rally the previous week driven by the institutional interest.
Dalvir Mandara
Crypto markets have rallied this week, fuelled by well-known institutional players including BlackRock, Invesco, and Wisdom filing for spot Bitcoin ETF’s.
Robin Wilkin
My studies last week increased the risks that we were developing into a lower-range environment. But the aggressive rally this week re-energizes the bullish outlook, targeting new highs for the year in the coming weeks.
Dalvir Mandara
Crypto markets have rallied this week, fuelled by well-known institutional players including BlackRock, Invesco, and Wisdom filing for spot Bitcoin ETF’s.
Robin Wilkin
Ethereum and Bitcoin dropped sharply through important technical support levels and negated the previous bullish outlook, at least for now. The technical outlook has become confused/mixed as a result and pushes us to a more neutral stance.
Dalvir Mandara
It has been another volatile week for crypto markets, following key inflation data and central bank meetings.
Bilal Hafeez, Dalvir Mandara
We expect no hike tomorrow and no increase in the median 2023 dots, but we do still expect two hikes by end-2023 based on no expectation of significant disinflation over the remainder of the year.
Robin Wilkin
There is a potentially a key week ahead for the macro world, with the latest US CPI inflation report ahead of the Federal Reserve and then the ECB meetings.
Dalvir Mandara
It has been a volatile week for crypto markets following back-to-back SEC litigations against Binance and Coinbase – two of the largest cryptocurrency exchanges in the world by trading volume.
Robin Wilkin
One market risk has been taken away with the agreement to raise the debt ceiling. Yet, the recent data leaves it more likely the Fed will remain on hold in June as they have suggested although recent Fed comments have been mixed in regard to hike or hold.
Bitcoin and the crypto revolution are no longer nascent. With the length of the blockchain continuing to grow and decentralised finance (DeFi) gaining ground over traditional finance, this new asset class is reshaping the investment landscape.
To invest in cryptocurrency, we must first understand it. Crypto tokens are unlike any traditional asset class. And they are all different. Just because you understand bitcoin, does not mean you know how ethereum works.
Each currency has different underlying protocols and technology. That impacts how they trade, their volatility, and how you can value them. Some are more like stocks, others commodities, and others currencies. And each crypto token has a unique structure of supply.
We think crypto markets are a worthwhile long-term investment. The technology can capture market share on some existing markets like payments and stock trading while creating new markets like valuable scarce digital assets.
Your exposure to bitcoin needs to be appropriately sized so that you can survive 50% to 80% drawdowns. Drawdowns provide good entry levels for exposure, but we would not go max long in an environment of rising central bank rates and falling global growth momentum.
Is Now a Good Time to Buy Bitcoin?
Is Now a Good Time to Buy Ethereum?
How Safe is Tether?
Stablecoin: What Should an Investor Know?
Macro Hive is the community platform for the thinking investor…
Already have an account?…
Spring sale - Prime Membership only £3 for 3 months! Get trade ideas and macro insights now
Your subscription has been successfully canceled.
Discount Applied - Your subscription has now updated with Coupon and from next payment Discount will be applied.