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WATCH: CoinDesk LIVE from Invest: Asia in Singapore

Join us live Sept. 11-12 in Singapore at CoinDesk's Invest: Asia conference.

Updated Dec 6, 2022, 6:12 p.m. Published Sep 11, 2019, 2:08 a.m.

https://www.youtube.com/watch?v=qtRqTNgjq1A

Join us live from the show floor at Invest: Asia, our premier crypto global investment event.

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For the next two days we'll be talking to folks like Jocelyn Chang of MakerDAO, Jeremy Allaire of Circle, and Benjamin Soong of Ledger. You'll be able to chat with us on YouTube, ask questions and interact with our guests as we explore the booming Asian markets.

You can watch the stream live on YouTube here and on Twitter here.

The show kicks off at 10 p.m. Eastern/2 a.m. UTC and we will be streaming all day. You can click below to view all of our content from the conference.

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BlackRock's digital assets head: Leverage-driven volatility threatens bitcoin’s narrative

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Rampant speculation on crypto derivatives platforms is fueling volatility and risking bitcoin’s image as a stable hedge, says BlackRock’s digital assets chief.

What to know:

  • BlackRock digital-assets chief Robert Mitchnick warned that heavy use of leverage in bitcoin derivatives is undermining the cryptocurrency’s appeal as a stable institutional portfolio hedge.
  • Mitchnick said bitcoin’s fundamentals as a scarce, decentralized monetary asset remain strong, but its trading increasingly resembles a "levered NASDAQ," raising the bar for conservative investors to adopt it.
  • He argued that exchange-traded funds like BlackRock’s iShares Bitcoin ETF are not the main source of volatility, pointing instead to perpetual futures platforms.