Bitcoin enters its first institutional cycle, SALT's Shawn Owen says
SALT Lending's Shawn Owen says banks and credit unions are rushing into bitcoin as institutional demand builds.
Daniel Hinton of UTXO discusses Bitcoin market challenges, exchange dislocations, the BitMEX wind-down, and institutional adoption requirements.
"Bitcoin plays on hard mode." Daniel Hinton, who previously managed global liquidity relationships at SFOX, explains the difficulty of keeping a 24/7 global market efficient without a clearinghouse outside the blockchain. He details the multi-percentage-point dislocations that were common among exchanges in 2018, their subsequent decline, and the perp market wick above $150,000 that appeared during the BitMEX wind-down on thin liquidity. Hosts Grace Remington and Sean Hagan delve into what this means for anyone using margin or stop losses.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
SALT Lending's Shawn Owen says banks and credit unions are rushing into bitcoin as institutional demand builds.
SALT Lending CEO Shawn Owen says Bitcoin's portability and divisibility give it an edge over gold and real estate as institutions enter the market.
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