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Crypto Fundraising and a Nothing-Is-Safe Haven
An update on the safe haven narrative as bitcoin continues to move with equities plus a crypto startup fundraising roundup
Updated Sep 14, 2021, 8:18 a.m. Published Mar 10, 2020, 7:00 p.m.
An update on the safe haven narrative as bitcoin continues to move with equities plus a crypto startup fundraising roundup
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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.
Whatever you thought of the uncorrelated or safe haven narratives a few weeks ago, it’s hard to deny that bitcoin and crypto are moving in lockstep with equities - even mirroring a small bounce in the morning that retreated in the early afternoon.
On this episode of The Breakdown, NLW looks at hot takes on the narrative from Bloomberg’s Joe Weisenthal and crypto investor Ari David Paul.
Not all the news is bleak, however. Also on this episode, we break down recent financings for
- Argent’s DeFi-friendly wallet
- Horizon Games’ blockchain-based Hearthstone/MtG style game SkyWeaver
- Futureswap’s decentralized futures exchange and more
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.
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Bitcoin earns base case target of $143,000 at Citigroup
The Wall Street bank said its bitcoin forecast relies on further crypto ETF inflows and a continued rally in traditional equity markets.
What to know:
- Citigroup's base case for bitcoin (BTC) is a rise to $143,000 in 12 months.
- Analysts highlight $70,000 as key support, with the potential for a sharp rise due to revived ETF demand and positive market forecasts.
- The bear case sees bitcoin falling to $78,500 amid a global recession, while the bull case predicts a rise to $189,000 due to increased investor demand.
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