Carl Icahn: "Crypto is Here to Stay"

Happy Thursday, Blockfolians

The Lede

The last couple weeks, we can all agree, were a little rough. Crash after crash. FUD after FUD. Bad news cycle after bad news cycle.

Yet within it, the single thing that has been at the center of this bull run - the emergence of a new class of institutional investors - has continued unabated.

Earlier this week, Ray Dalio announced his entrance into the bitcoin fray. Now, we’ve also heard from the old activist investor rascal himself, Carl Icahn, who said that, while Icahn Enterprises hasn’t invested yet, they’re looking at a big, $1B-$1.5B position in Bitcoin, Ethereum and other parts of the industry.

At the end of the day, despite all the short term noise, the long-term trajectory remains powerfully in tact.

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Highly Relevant Reading

  • Cathie Wood blames crypto crash on ESG movement

  • Brian Brooks goes in on new OCC that threatens the progress made when he was director

  • WisdomTree has filed for an ETH ETF

  • Korea’s central bank is worried about leveraged crypto trading


Community Commentary

Go Texas!
Related..

A Really Big Number We Should Be Paying Attention To

$3,000,000,000

That’s the amount of Bitcoin whales purchased as the price fell


Final Thought

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