Points And Figures • 266 implied HN points • 28 Feb 24
- CryptoWinter is over, as indicated by the strong performance of Coinbase stock and Bitcoin hitting $60k per token.
- Bitcoin is viewed more as a speculative instrument than a hedge against inflation or store of value, and the thawing of purse strings among crypto VCs suggests a positive shift.
- The emergence of physically deliverable crypto-assets, like on Bitnomial, underlines the potential for improved risk management in the crypto market, but the absence of widely used applications built on crypto remains a concern.