Transcript
A (0:00)
Hi, everyone. Welcome to another episode of Bits and the Interview, the show where we explore how crypto and macro collide. One basis point at your at a time. My name is Steve Ehrlich. I'm the head of research at Sharplink and also your host. And we've got a terrific show again for you today. But before we get started, just a little bit of housekeeping. One nothing that you hear on the show is financial or investment advice. For full disclosures, please see unchain crypto.com bitsandbips. And then finally, before we get started, let's take a very brief moment to hear from some of the sponsors who make the show possible.
B (0:36)
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A (1:11)
All right, welcome back. So, as I mentioned before the break, we have a lot to talk about today. A very tenuous ceasefire was agreed to a couple days ago with regard to Iran and it's had ramifications all across crypto and the broader sort of macro economy. I've got a terrific guest to discuss all this today, Kavita Gupta. She is the founder and general partner at Delta Blockchain Fund. Welcome, Kavita.
C (1:36)
Hi, Steve.
A (1:37)
Yeah, yeah, great to have you back again. Always enjoy our conversations. So let's just kind of dive right in. I want to know what it's like for someone like you. You have VC fund, you also have a liquid token fund. What has it been like trading the last 48 to 72 hours with so much whipsawing back and forth rhetoric and will they, won't they agree to a ceasefire?
C (1:58)
You know, I, I was just talking to my team today morning and I was like, instead of trading, we should be on prediction markets and just like basically doing predictions on these. We would have made more money, to be honest. It's been like, it's okay. So first of all, the idea that everybody is now back to predicting bitcoin is going to cross 80 and Bitcoin is going to cross 100, that's exciting because we have been sort of in a winter for too, too long. Eth picking. ETH actually has outperformed in last 48 hours with around 6.7 to 7%. Then Bitcoin jump which is great because as you know I won't call myself Eth maxi but I'm a big ETH believer. Said that I feel like this particular cycle has been very different than in the past cycles of every time we have a world political situation or the economy situation moving in. We have seen crypto going down but right now we are in a sort of a ceasefire which based on President's truth social account can disappear anytime. Like it's not a permanent resolution. It doesn't feel we are out. Right. And, but still the first impact is on crypto market as soon as the oil prices went down or expected to go down. So that's very good. But I don't know how much of this is institutional waiting that they're putting money aside and let's bring in so much on etf which we saw like a huge amount of money coming into ETFs. I just really don't know how much was it wait and watch versus oh, this is, this is an asset we have to go in sort of a thing.
