“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.”

Richard Rosenblum, Co-Founder, GSR. - 11.25.2020

"Traders who rely on price-based strategies like momentum and mean reversion have taken an interest in Bitcoin solely because of its statistical properties in contrast to other asset classes. To them, Bitcoin is a potential diversifier and another source of potential return. The volatility is easily controlled in the portfolio construction process."

Jakob Palmstierna, Head of Product and Business Development, GSR