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Is Crypto Converging With Public Markets?

Between bitcoin treasury holdings growing and crypto-focused SPACs, private crypto markets and public equities markets are closer than ever.

Updated Sep 14, 2021, 10:10 a.m. Published Oct 15, 2020, 7:00 p.m. 1 min read
Breakdown 10.15

Between bitcoin treasury holdings growing and crypto-focused SPACs, private crypto markets and public equities markets are closer than ever.

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This episode is sponsored by Crypto.comNexo.io and Elliptic.

Today on the Brief:

  • Initial jobless claims rise to highest level since August
  • BTC as a DeFi reserve asset
  • Twitter reactions as Filecoin goes live

Our main discussion focuses on the convergence of the crypto and public markets. NLW looks at:

  • Narratives of bitcoin’s correlations to stocks
  • Growing overlap of retail and institutional traders
  • SPACs and public crypto companies
  • Bitcoin treasuries
  • Geopolitical intrigue around ANT Financial

See also: A $10B Firm Makes Bitcoin Its Primary Treasury Asset

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

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Investors are abandoning bitcoin and gold, perhaps sensing a coming end to Middle East hostilities.

What to know:

  • JPMorgan says the pandemic-era “debasement trade,” centered on bitcoin and then gold, is cooling, with recent outflows from bitcoin and gold ETFs and reduced institutional futures positions reflecting a broader pullback from macro hedges.
  • The bank's report suggested investors may be getting ahead of a U.S.-Iran peace deal.