Rents Are Too Damn High

Crypto racked up some wins this week with Vanguard and Bank of America opening the door for their clients to trade the asset class, though many still wonder why BTC isn’t trading substantively higher given all the good news. Our Head of Research, David Duong, remains constructive due to favorable macro conditions but acknowledges that it’s hard to identify the marginal buyer at the moment. That said, he still thinks DATs are a meaningful source of demand. Meanwhile, the Fed decision is coming and a rate cut seems to be a lock. But what’s the consensus sentiment on the board? How will they interpret recent inflation trends? Fear of hawkish messaging seems to be pervasive. Separately, David and Colin debate the merits of trying to trade the potential nomination of Kevin Hassett to Fed Chair. Finally, we cover Ethereum’s latest upgrade and the implications for ETH's price.

Speakers:
David Duong, CFA - Global Head of Investment Research (X: Dav1dDuong)
Colin Basco - Research Associate (X: colin_basco)
 

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