Episode 41 of Season 3 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Rich Rosenblum, Co-founder and CEO of GSR Markets.
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GSR’s Rich Rosenblum doesn’t seem to mind the volatility.
On this week’s episode of The Scoop, GSR Markets co-founder and President Rich Rosenblum, joined host Frank Chaparro for a discussion on the state of the bitcoin market.
The price of the cryptocurrency has been gyrating over the course of the last several weeks, even dropping below $30,000 on Tuesday. That bearish price activity, however, is happening against a backdrop of crypto firms raising hundreds of millions in equity financing.
Rosenblum cut his teeth as an oil trader at Goldman Sachs before launching the crypto trading firm and market maker GSR in 2013. Today, GSR trades billions of dollars worth of crypto. He said what we are seeing is not a bear market.
“I’d say we’re in more of a stasis. I think that the market is getting more iterated, more complex than ‘do I buy it and hold it for this rampant bear market or do I get short?’ I think we’re a…