We’ll make this quick. The past few days have seen me receive several missives on a bitcoin ‘flash crash’ the weekend before last. I looked it up and as far as I can see the market dropped by around $1000 in quick time and recovered about half the losses. It shows how far bitcoin has […]
In this week’s podcast Galen Stops explains the devil in the detail behind the SEC rejecting bitcoin ETFs, the changing market structure in crypto generally, and how market participants are going about institutionalising the new asset class.
Colin Lambert meanwhile, is in a punchy mood and wants to take everything and everybody to task.
They observe how crypto-strategists are just the same as fiat strategists; discuss the barriers to entry for currency managers; the pricing of credit and liquidity in FX; and Lambert in particular has a problem with investors’ approach to allocating to hedge funds.