“October is typically a time of volatility in many asset classes.” – 03:08
Andy Baehr, Head of Product & Research at Coindesk Indices, joins Remy Blaire to discuss the current dynamics of the cryptocurrency market, highlighting recent price movements and regulatory developments.
Andy explains how this change could simplify processes for crypto trading firms, eliminating the need to convert assets into dollars for collateral, which has been a significant hurdle. He emphasizes that this initiative, along with other regulatory advancements, could catalyze a more robust crypto market.
As they reflect on the past six months, Andy highlights the strong performance of the crypto market, characterized by a broad rally that included notable highs for both Bitcoin and Ethereum. However, he cautions that the market is currently in a phase of adjustment, suggesting that while there may be a temporary exhale, the potential for renewed positive sentiment remains.
With the fourth quarter approaching, Remy and Andy discuss the typical volatility associated with October and stress the importance of asset class allocation over attempting to time the market. Andy shares insights on the recent launch of the Grayscale Crypto CoinDesk Crypto 5 ETF, which offers investors a new way to engage with the crypto asset class through index funds.
Looking ahead, they touch on the upcoming conference season, with events such as Korea Blockchain Week and Token 2049 in Singapore on the horizon. Andy notes that the landscape for crypto is evolving, with the U.S. emerging as a more central player in the global narrative due to improved regulatory clarity and support.