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Laura Shin
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Crypto Prices Are Way Down. Is It Time to Buy the Dip? - Ep. 684
58 minutes Posted Aug 6, 2024 at 4:00 pm.
Intro
The two main reasons the markets crashed this past weekend
How the macro environment has affected crypto lately and why the market has gotten “way ahead of itself”
Why ETH was down so much, more than other cryptocurrencies
The “most important” shift in crypto policy that has occurred this year
The Japanese yen carry trade that was one of the key factors in the market meltdown
Whether Genesis distributing $4 billion in assets had an impact on the market
Why Jeff believes that the data we have today does not point to a recession in the U.S.
Why Jeff says he’s "buying the dip”
Crypto as a political issue and why he thinks Harris winning would not be as bad for crypto as many believe
Why bitcoin doesn’t always act as a hedge against equity-related or geopolitical risk, in Jeff’s opinion
What Jeff thinks about the proposals for the U.S. government to buy bitcoin for a strategic reserve
The stark contrast between TradFi giants halting trading and the permissionless nature of DeFi
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Show notes
The recent crypto crash has left many investors questioning the way the market is going. In this episode, Jeff Dorman, chief investment officer at Arca, provides a deep dive into the factors behind the crash, the macroeconomic influences at play, and why he remains optimistic despite the downturn. Expressing surprise at Ethereum's underperformance this year, he describes how the Democrats’ handling of crypto is an own goal, and how TradFi and DeFi differ from each other during market upheavals.Show highlights:
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.comThank you to our sponsors!
Polkadot
Token 2049
Guest:
Jeff Dorman, Chief Investment Officer at Arca.
Previous appearances on Unchained:
How Elon Musk Pushed DOGE Up and BTC Down, With Arca's Jeff Dorman
3 Things SushiSwap Needs to Get in Order, According to Arca
LinksMarket crash:
Unchained: 
Ethereum Drops Below $2,300 Amid Jump Crypto Rumors
Bitcoin ETF Trading Volume Surges to $4.7 Billion Amidst Market Selloff
Bitcoin and Ethereum Funds Record $546 Million in Weekly Outflows: CoinShares
The Block: Cryptocurrency market capitalization registers largest daily drop since 2022
Japan
BBC: The Bank of Japan raises interest rates for second time this year
The Defiant: Here’s an ELI5 on on How Japan Sent Global Markets Tumbling
SEC:
Eleanor Terret’s tweet on the SEC’s funding
Unchained: Can Gary Gensler Be ‘Fired’ If Trump Becomes President Again?
Others:
The Block: Genesis completes bankruptcy restructuring, begins distributing $4 billion in crypto and cash
Poylmarket: US Presidential Elections odds
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