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Cathie Wood and Tom Brady were among the keynote speakers at the 4-day crypto Consensus conference.
Wood said a bitcoin supercycle is now out the window and shared her bullish outlook for ethereum.
NFL legend Brady revealed how he got involved in crypto and why he s starting an NFT platform.
Much like how crypto trades 24/7/365, the biggest virtual crypto gathering this year also seemed to be designed for enthusiasts who never sleep at least for the four days during which the Consensus 2021 by CoinDesk conference took place.
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Mike Wilson of Morgan Stanley says the US economy has already raced to the middle of a new cycle.
He says that means it s time to de-emphasize some stocks that soared as the economic recovery began.
Wilson suggests these trades as part of a reflation over reopening strategy for outperformance.
The COVID recession and rebound feel like they ve happened in dog years, with the economic and market crash, recovery, and new expansion occurring at unprecedented paces.
Morgan Stanley Chief US Equity Strategist and Chief Investment Officer Mike Wilson says the US economy is firmly in the middle of a new cycle that began only last year. The end isn t in sight, but he says it s time to move away from new-cycle and reopening trades that have played out.
Major cryptocurrencies suffered double-digit declines as volatility extended into the weekend.
At Consensus 2021, investors pondered whether the sell-offs signal the end of this bull cycle.
They also shared how bitcoin can live up to Hal Finney s historic $10 million price prediction.
It was the kind of volatility that keeps investors eyes glued to the screen.
As last week s wild fluctuations extended into the weekend, none of the major cryptocurrencies was spared from double-digit declines. Bitcoin and ether tumbled as low as $31,384 and $1,758 on Sunday before rebounding to around $39,000 and $2,600, respectively, as of 4:30 p.m. ET on Monday.
The most recent pullback was said to have stemmed from an official statement summarizing Chinese vice-premier Liu He s comments at a state council meeting on May 21. The meeting, which was focused on preventing financial risks, mentioned specifically the need to combat mining and trading of bitcoin, according to the Chinese govern
Blockchain.com
Peter Smith is the CEO and cofounder of the Baillie Gifford-backed crypto startup Blockchain.com.
Smith shared how, in 10 years, he built the firm from nothing to a business valued at $5 billion.
He also laid out the four crypto trends and assets on his radar these days.
The crypto market is tumbling. But Peter Smith, the chief executive and cofounder of Blockchain.com, is hodling. Ten years in crypto and I still haven t figured out how to sell, Smith said in an interview. I ve never been more convicted that bitcoin and crypto generally are where I should be spending all my time.