The Trader Top 9: The Bitcoin Halving Brings Legendary Institutional Attention
Cove
05/14/2020 11:24
Welcome back to Cove Markets' Trader Top 9! What a week it's been, with some of the biggest news and most anticipated events in bitcoin of the year. Let's dive in! 

9. The halving represents a key milestone in Bitcoin's life. CoinMetrics looked at how far the ecosystem around and usage of bitcoin had advanced in the previous 4 years. 

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8. Some made the point that, although it felt like all eyes were on the space, anyone who even cared about this event was still early 

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7. Perhaps the most important point of the halving was the predictability of it - the assurance of a monetary policy that will not change.

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6. This is particularly resonant as crisis-time monetary and fiscal policy is creating serious questions around currencies (and the political orders around them) 

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5. Indeed, even notables like hedge fund legend Paul Tudor Jones are announcing interest in bitcoin as a hedge against what Jones called the “Great Monetary Inflation"

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4. Read Jones’ letter explaining his thesis directly. 

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And then check out how this particularly category of investor is participating in the markets

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3. Interestingly, Jones’ seems not to be alone. While there is significant new interest coming into the space, it seems to be more institutional than retail.

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2. JPMorgan announcing that it would be banking Coinbase and Gemini was particularly notable in this context. 

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1. All in all, there has perhaps never been a better narrative moment for bitcoin and other hard assets than the era of unlimited central bank money!

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