Crypto Prices Are Way Down. Is It Time to Buy the Dip?

Jeff Dorman from Arca breaks down the recent crypto crash, its causes, and whether buying the dip is a smart move.

Aug 7, 2024

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The recent crypto crash has left many investors questioning the way the market is going. In this episode, Jeff Dorman, chief investment officer at Arca, provides a deep dive into the factors behind the crash, the macroeconomic influences at play, and why he remains optimistic despite the downturn. Expressing surprise at Ethereum's underperformance this year, he describes how the Democrats’ handling of crypto is an own goal, and how TradFi and DeFi differ from each other during market upheavals.

Show highlights:

The two main reasons the markets crashed this past weekend
How the macro environment has affected crypto lately and why the market has gotten “way ahead of itself”
Why ETH was down so much, more than other cryptocurrencies
The “most important” shift in crypto policy that has occurred this year
The Japanese yen carry trade that was one of the key factors in the market meltdown
Whether Genesis distributing $4 billion in assets had an impact on the market
Why Jeff believes that the data we have today does not point to a recession in the U.S.
Why Jeff says he’s “buying the dip”
Crypto as a political issue and why he thinks Harris winning would not be as bad for crypto as many believe
Why bitcoin doesn’t always act as a hedge against equity-related or geopolitical risk, in Jeff’s opinion
What Jeff thinks about the proposals for the U.S. government to buy bitcoin for a strategic reserve
The stark contrast between TradFi giants halting trading and the permissionless nature of DeFi

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

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Guest:

Jeff Dorman, Chief Investment Officer at Arca.
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Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk.

HOST

Laura Shin

Laura Shin is a crypto journalist, host of the Unchained podcast, and author of “The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze” (Public Affairs, 2022). Formerly a senior editor at Forbes, she was the first mainstream journalist to cover crypto full-time, and her podcasts and videos have had more than 15 million downloads and views. Shin has spoken about cryptocurrency at places such as TEDx San Francisco, the International Monetary Fund, Singularity University and the Oslo Freedom Forum.

She graduated Phi Beta Kappa with Honors from Stanford University and has a master of arts from Columbia University’s School of Journalism. She lives in New York City.