Reports

Bitcoin has made a momentous start to the year, breaching $30,000, then $40,000 in quick succession. The overall market cap of cryptocurrencies has broken through $1 trillion for the first time, a landmark moment that has many skeptics starting to acknowledge the validity of the asset class. 

In a record breaking year, Bitcoin smashed through the $500 billion market cap and powered towards $30,000. 2020 will be known as the year institutions finally entered the digital asset space. The recent returns for bitcoin have been unrivalled, with no other asset class coming close. 

Rich Rosenblum of GSR told the Financial Times last week that “little has changed with the fundamental case for bitcoin, but the surrounding macro environment has changed immensely. This rally is more about market participants starting to take the threat of US dollar weakness more seriously.”

Bitcoin started the month hovering at $10,800, attempting to break through the $11,000 mark. What followed was a very positive few weeks for Bitcoin in both price action and industry news. 

Dean Curnutt of the Alpha Exchange explores topics and financial markets associated with managing risk, generating return, and the deployment of capital in the alternative investment industry. Here is the transcript of their episode featuring GSR co-founder and Head of Trading, Rich Rosenblum. 

Uniswap clocked a record figure of over $2 billion in locked value just after midnight (UTC) on Monday the 28th and currently has $2.21 billion worth of crypto assets locked, according to DeFi Pulse. The total value locked in the Defi ecosystem now stands at $11.14 billion,