As more institutions share their support for Bitcoin and the asset’s price inches towards new highs, many institutional and professional investors are wondering whether Bitcoin is for real.
In a record breaking year, Bitcoin smashed through the $500 billion market cap and powered towards $30,000. 2020 will be known as the year institutions finally entered the digital asset space. The recent returns for bitcoin have been unrivalled, with no other asset class coming close.
Rich Rosenblum of GSR told the Financial Times last week that “little has changed with the fundamental case for bitcoin, but the surrounding macro environment has changed immensely. This rally is more about market participants starting to take the threat of US dollar weakness more seriously.”
Bitcoin started the month hovering at $10,800, attempting to break through the $11,000 mark. What followed was a very positive few weeks for Bitcoin in both price action and industry news.
For this post, we’ll outline the basics of algorithmic trading for those in the crypto ecosystem and how it differs from other execution types.
Dean Curnutt of the Alpha Exchange explores topics and financial markets associated with managing risk, generating return, and the deployment of capital in the alternative investment industry. Here is the transcript of their episode featuring GSR co-founder and Head of Trading, Rich Rosenblum.
Uniswap clocked a record figure of over $2 billion in locked value just after midnight (UTC) on Monday the 28th and currently has $2.21 billion worth of crypto assets locked, according to DeFi Pulse. The total value locked in the Defi ecosystem now stands at $11.14 billion,
Richard Rosenblum, CEO and co-founder at GSR, talks to Base Layer about how he got started in the crypto space, the rebranding of crypto currency as “digital assets”, and what he thinks about the future of the industry.
GSR is excited to join the Defi Alliance which launched in April 2020 with the goal of expanding the reach of DeFi globally.