Bitcoin Extends Gains for 2020 to 65 Percent

Stock markets have had quite the year in 2020 and bitcoin, which is always volatile, has also had a big year; after trading flat for months, bitcoin rose as high as $11,868 on Saturday from around $9,100 in early July, extending its gain for 2020 to 65 percent; cryptocurrencies have benefitted from the record intervention by central banks as investors have looked for returns in new asset classes; “People are trying to jump on momentum,” said Mati Greenspan, a crypto investor who publishes the Quantum Economics newsletter, to the Wall Street Journal. “The entire crypto market is a microcosm of everything happening in stocks.”; the emerging DeFi sector has also helped the asset class gain momentum, though it only accounts for about 1.5 percent of crypto’s overall market value. Wall Street Journal.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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