Valkyrie Chief Investment Officer Steven McClurg joins Emily Chang and Bloomberg's Sonali Basak to discuss how macro trends are affecting the crypto markets, the implications of the Ethereum Merge, where Valkyrie sees opportunities in this environment, and his read on institutional sentiment.
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Francisco Gimeno - BC Analyst Again, forecasts reacting (not being proactive) to the movements of crypto. Two weeks ago we were listening to those who said crypto was going up. Now it seems crypto is going down to very low prices. So those creating opinions tell us the same today. Maybe next week they will say differently. We however tend to think is very probable that the market will go to lower prices before starting to get up, also because historically September and October are bad months for prices. More important is the opinions here about the already famous "The Merge", the first stage of a change in Ethereum, and opinion in institutional increasing interest on crypto (maybe getting positioned for the incoming regulations too). In sum, interesting data to be found here.