China moved into focus last week during the latest Congressional hearing on Libra. Echoing previous comments from the company’s Libra lead David Marcus, Facebook CEO Mark Zuckerberg emphasized that China’s aggressive action around digital currency poised to leave the US in the rear view mirror.
His point was validated just a day later as Chinese President Xi Jinping came out with his first formal comments on blockchain, effectively setting his nation the task of “seiz[ing] the opportunity” to lead. The next few days saw a flurry of activity in China, from a bevy of new enterprise blockchain businesses to a new cryptography law passed by China’s Congress.
What’s more, while there are some debates about whether the move was solely due to China, on Friday the price of bitcoin skyrocketed in one of the asset's biggest single day jumps ever, touching $10,000+ from a starting point in the mid $7000s before retracing slightly to the low-to-mid $9000s.
One of the key questions we’re exploring at Invest: NYC is to what extent macro factors shape the bitcoin markets. Both the news out of China and the price action in recent days makes that conversation all the more important. Join the debate in NYC next month.
Trade Secrets is a data-driven segment at Invest: NYC designed to highlight the smartest analysts and researchers in the crypto space. These short, high impact sessions will focus on three themes:
Alpha Strategies for 2020 - Example: How to use bitcoin as a hedge against Chinese yuan devaluation
Smart Beta Strategies for 2020 - Example: Trading against fluctuations in bitcoin dominance
Yield Strategies in the Staking and DeFi Era - Example: Arbitrage opportunities across DeFi lending platforms
Don't Miss These CoinDesk Invest: NYC Speakers
Paul Brodsky Partner Pantera Capital
Paul Brodsky is a partner at Pantera Capital, which launched the first crypto fund in the U.S. (2013), and has since sourced and invested over $1 billion across blockchain protocols and private equity. Prior to joining Pantera in 2017, Mr. Brodsky founded and oversaw Macro Allocation Inc.
Ambre is the CEO of Kaiko, an enterprise-grade market data provider in the blockchain-based digital assets industry. Prior to joining Kaiko, Ambre spent eight years at HSBC in London and Paris, structuring equity derivatives and equity-based financing solutions (first in Global Markets, then in the Equity Capital Markets division).
Dovey is Founding Partner of Primitive Ventures, a global cryptoassets holding company and advisor board member of CoinDesk. She is among the early investors in Cosmos, Blockfolio, Theta, Messari, Celer, Handshake and TrustToken, also running a non-for-profit independent Bitcoin development funding initiative Hardcore.
We have partnered with the New York Marriott Marquis to offer our attendees a discounted nightly rate of $270. In order to qualify for this discounted rate, reservations must be received on or before Friday, November 8.
Please click here to begin the reservation process or call the New York Marriott Marquis at 1-877-303-0104 and reference the CoinDesk Invest room block.
