Stephen Alpher

Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

Stephen Alpher

Latest from Stephen Alpher


Markets

Bitcoin outperforms gold and stocks in global turmoil as ETFs and Strategy accumulate

Wall Street broker Bernstein took note of an institutional ownership shift as behind bitcoin's resilience during this latest bout of global turmoil.

(Photo by Kanchanara on Unsplash/Modified by CoinDesk)

Markets

Michael Saylor's Strategy made another huge buy of bitcoin, adding $1.57 billion worth last week

The company's stack now stands at 761,068 bitcoin, acquired for $57.61 billion.

Michael Saylor, Executive Chairman of Strategy (MSTR)

Markets

Bitwise’s Matt Hougan revisits $1 million bitcoin — analysts agree but debate his timeline

Hougan says bitcoin could reach that milestone if it captures a larger share of the global store-of-value market, though analysts say it would likely take years of institutional adoption and macro shifts.

Bitwise CIO Matt Hougan (Suzanne Cordiero/CoinDesk/Shutterstock)

Tech

AI agents are quietly rewriting prediction market trading

Valory co-founder David Minarsch says autonomous agents running on the Olas protocol are giving retail traders a 24/7, strategy-driven edge on platforms like Polymarket.

(Unsplash)

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Finance

Crypto broker Bitpanda bets on banks and tokenization to expand globally ahead of IPO plans

The Vienna-based crypto broker eyes emerging markets, teaming up with institutions rather than competing with local exchanges, said Vishal Sacheendran, VP of global markets strategy and operations.

Vishal Sacheendran, Bitpanda's vice president of global markets strategy and operations (Bitpanda)

Finance

Wall Street pushes tokenized stocks, but institutions aren’t eager to trade them

Exchanges are racing toward blockchain-based equities and 24/7 trading. Institutions, however, fear liquidity and funding risks.

CoinDesk

Markets

The math behind Strategy’s path to 1 million bitcoin by the end of 2026

The largest publicly traded corporate holder of bitcoin would need to buy roughly 6,158 BTC per week, a pace its exceeded often in recent months.

Strategy Executive Chairman Michael Saylor at the Digital Asset Summit in New York City on March 20, 2025. (Nikhilesh De)

Markets

Bitcoin quickly drops 3.5% as fresh Iran escalation short-circuits crypto rally

Surging to a near one-month high of $74,000, bitcoin reversed back to just above $71,000 as news of U.S. military movements in the Middle East rattled risk assets.

Bitcoin (BTC) price on March 13 (CoinDesk)

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Markets

Circle's USDC volumes top Tether's USDT for first time since 2019, prompting sell-side price target hike

Japanese investment bank Mizuho remains neutral on Circle, but lifted it price target to $120 from $100.

(Sandali Handagama/ CoinDesk)

Markets

Bitcoin rises to one-month high of $73,800, continuing to outperform since start of Iran war

Falling oil prices are helping, but a bounce seemed in the cards after some of the worst sentiment in bitcoin's history.

Bitcoin (BTC) price on Friday (CoinDesk)