Coindesk: Are Crypto Markets Overheated?

Published on
February 8th, 2021
Duration
56 minutes

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Coindesk: Are Crypto Markets Overheated?

The Interview - Crypto ·
Featuring Daniel Cawrey and Ash Bennington

Published on: February 8th, 2021 • Duration: 56 minutes

Daniel Cawrey, senior markets reporter at Coindesk, joins Ash Bennington, Real Vision senior editor, to discuss Cawrey’s recent book, the current crypto market environment, and what changes he sees on the horizon. Cawrey explains that the primary goal for his book, “Mastering Blockchain,” is to educate a broader audience about the mechanics of blockchain and cryptocurrencies as well as for it to be used by universities to further this goal. Believing that there are many new sophisticated players entering the crypto derivatives markets, he states that there is record high interest in the crypto futures lately. Cawrey also argues that the markets are becoming overheated, and he explores how competition between crypto projects is growing as more people enter the space. As Cawrey is confident that the crypto space is still in its early stages of growth, he is excited about the future and increasing competition for smart contract platforms. Filmed on January 26, 2021.

Key Learnings: Crypto is still very early in its development, and increased valuations bring more competition to the table, which implies that there is potential for the leaders like Ethereum to be disrupted. Cawrey believes that the current markets are overheated in the short term, but that crypto is here to stay.