Andy Baehr on Spotting Crypto Rebound & Recapping "Brutal" 2Q

GSR's Andy Baehr talks about crypto lending rates and their impact on Bitcoin and other cryptocurrencies as activity in the space lags. He believes a rise in demand for leverage and/or interest rate easing from the Fed will signal a rebound. On institutional trends, Andy explains how JPMorgan Chase (JPM) and other big banks getting into the space raises green flags for future momentum. That said, he sees a rebound needing time to build after a "brutal" second quarter for Bitcoin and Ethereum.

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