Summary
For the first Crypto Monitor of 2019, Adam Sharp and Andy Gordon dig into good news. Bakkt, the digital assets firm backed by the Intercontinental Exchange (the parent company of the New York Stock Exchange), recently completed a massive $182 million funding round. It’s an impressive raise for such a young company. Some of the high-profile investors include Galaxy Digital, Horizons Ventures and M12, Microsoft’s venture capital arm.
Meanwhile, Bitmain is having a rougher start to the year. The company, which used to be the largest ASIC chip designer in the world, is reportedly laying off more than 50% of its staff. At its Beijing headquarters, insiders say layoffs could go as high as 85%. But crypto investors needn’t worry. In fact, Adam explains how this is ultimately good news for the bitcoin market.
Finally, Adam highlights a new way of looking at bitcoin prices. Analysts tend to look at all-time highs, but looking at yearly lows offers a different insight into holders.
If you’re interested in a particular topic, we’ve listed the time code on the right so you can skip directly to it in the video.
- Bakkt closes $182 million funding round (0:38)
- Don’t cry for Bitmain (4:44)
- A new way to think about bitcoin’s growth (7:52)
- Price Talk! (9:02)
- mailbag@earlyinvesting.com (14:29)
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