UW3 #29 – Untangling: The Crypto Markets with Gracy Chen | Untangling Web3
In this episode of Untangling Web3, hosts Alec Burns and Jack Davies welcome Gracy Chen, the managing director of Bitget, a prominent cryptocurrency exchange.
Gracy, who has been a part of the crypto world since 2014, shares her journey from being a TV journalist covering finance and technology to becoming a crypto investor.
She delves into her initial investments in major cryptocurrencies like BTC, ETH, and XRP and categorizes the crypto market into major cryptocurrencies, stablecoins, and altcoins, with altcoins defined as those outside the top ten or not classified as stablecoins. The discussion also highlights significant upcoming events in the crypto sector, including the BTC spot ETF approval by the SEC and Ethereum’s Constantinople upgrade.
The episode further examines the changing perception of Bitcoin, initially regarded as a digital cash system, now increasingly seen as digital gold, noting the low correlation between Bitcoin and gold prices. The influence of institutional investments on Bitcoin’s relationship with traditional financial markets is also explored. Gracy discusses the vital role of crypto exchanges in user onboarding, liquidity, and extended services such as investment arms and decentralized wallets. She outlines the criteria for listing new projects on exchanges, focusing on project traction and tokenomics, and addresses challenges like navigating regulatory compliance and localization for global markets.
Concluding the episode, Gracy highlights the importance of exchanges like Bitget in promoting financial inclusion and investor education, mentioning initiatives like the Big Protection Fund for enhancing user security. She emphasizes the necessity of making crypto accessible to new users through strategies like copy trading.
The episode also covers the potential impacts of key events like the BlackRock Bitcoin ETF approval and recent legal developments in the crypto industry. Gracy wraps up by expressing her curiosity about meeting Satoshi Nakamoto, reflecting on the beginnings of Bitcoin and the future trajectory of Web3.
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Untangling Web3 is brought to you by hosts Jack Davies and Alec Burns, produced by Emma Camilleri, and music by Daniel Paigge.
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