{"id":7501,"date":"2022-02-10T14:47:19","date_gmt":"2022-02-10T14:47:19","guid":{"rendered":"http:\/\/egrowonline.com\/?p=7501"},"modified":"2022-02-10T14:47:19","modified_gmt":"2022-02-10T14:47:19","slug":"blackrock-expected-to-offer-crypto-trading-as-three-arrows-exec-says-long-bitcoin-eth-in-2022","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=7501","title":{"rendered":"BlackRock expected to offer crypto trading as Three Arrows exec says long Bitcoin, ETH in 2022"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvYWJhNjExZDAtZTk2OC00M2U3LWI5YjgtOTczMDM3ZjM2MmIwLmpwZw==.jpg\" \/><\/p>\n<div data-v-128018ef=\"\">\n<p>Bitcoin (<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" rel=\"noopener\">BTC<\/a>) and Ether (<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/ethereum-price\" rel=\"noopener\">ETH<\/a>) are sure long bets for 2022, prominent investor and commenter Zhu Su says.<\/p>\n<p>In a tweet on Feb. 10, Zhu, co-founder of hedge fund Three Arrows Capital (3AC), argued that BTC and ETH were the best options for investment this year, along with oil, while the S&amp;P 500 is a no-go.<\/p>\n<h2>Zhu: 2022 macro trades \u201cpretty clear\u201d<\/h2>\n<p>Despite concerns that deflationary pressures could take Bitcoin and altcoins down with equities, not everyone believes that 2022 will be a red year for hodlers.<\/p>\n<p>The picture is complex \u2014 some are <a target=\"_blank\" href=\"https:\/\/twitter.com\/DaveHcontrarian\/status\/1491391662220005378\" rel=\"noopener nofollow\">eyeing<\/a> a \u201cmelt-up\u201d for stocks and crypto as a result, thanks to positive correlation. Others feel a painful period is due across the board but that at least Bitcoin will <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-will-emerge-stronger-after-stocks-dip-10-20-bloomberg-analyst\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/bitcoin-will-emerge-stronger-after-stocks-dip-10-20-bloomberg-analyst\/amp\" rel=\"noopener\">emerge stronger<\/a> thereafter.<\/p>\n<p>Ex-BitMEX CEO Arthur Hayes, meanwhile, has been <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-may-pass-30k-september-lows-trader-warns\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/bitcoin-may-pass-30k-september-lows-trader-warns\/amp\" rel=\"noopener\">solidly gloomy<\/a> on the macro outlook since the start of the year.<\/p>\n<p>For Zhu, however, there are now \u201cpretty clear\u201d places to hedge cash for the coming three quarters.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Think the year&#8217;s macro trades are pretty clear for me now:<\/p>\n<p>1) long oil dec22, dec23 fwd<br \/>2) long btc, eth, and other high-liquidity crypto as hard money<br \/>3) short russell\/spx<br \/>4) short Meta + Apple \/ long Google + Microsoft<\/p>\n<p>\u2014 Zhu Su  (@zhusu) <a target=\"_blank\" href=\"https:\/\/twitter.com\/zhusu\/status\/1491591876922593284?ref_src=twsrc%5Etfw\" rel=\"noopener\">February 10, 2022<\/a><\/p><\/blockquote>\n<p>An additional Twitter post agreed that adding Visa and Mastercard as fiat payments processors was also a \u201cno brainer\u201d for shorts.<\/p>\n<h2>\u201cAn insane 24 hours\u201d<\/h2>\n<p>The forecast followed rumors that BlackRock, the world\u2019s largest asset manager, is allegedly aiming to enter the cryptocurrency space.<\/p>\n<p><strong><em>Related:\u00a0<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/price-analysis-2-9-btc-eth-bnb-xrp-ada-sol-luna-avax-dot-doge\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/price-analysis-2-9-btc-eth-bnb-xrp-ada-sol-luna-avax-dot-doge\/amp\" rel=\"noopener\">Price analysis 2\/9: BTC, ETH, BNB, XRP, ADA, SOL, LUNA, AVAX, DOT, DOGE<\/a><\/em><\/strong><\/p>\n<p>According to several people with knowledge of the matter <a target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/blackrock-planning-offer-crypto-trading-183451187.html\" rel=\"noopener nofollow\">quoted<\/a> by mainstream media, BlackRock clients could soon be able to trade crypto, while the giant will also facilitate credit in return for crypto collateral.<\/p>\n<p>One source described BlackRock\u2019s approach as \u201clooking to get hands-on with outright crypto.\u201d<\/p>\n<p>The Canadian branch of Big Four accounting conglomerate KPMG announced it had\u00a0<a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/kpmg-in-canada-adds-btc-and-eth-to-its-treasury\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/kpmg-in-canada-adds-btc-and-eth-to-its-treasury\/amp\" rel=\"noopener\">added both Bitcoin and Ether to its balance sheet<\/a>\u00a0this week.<\/p>\n<p>All in all, in the words of popular trader and analyst Pentoshi, adoption has fuelled an \u201cinsane 24 hours.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$BTC<\/a> <\/p>\n<p>Insane 24 hours<\/p>\n<p>Some random Canadian company bought way less <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$BTC<\/a> than I own<\/p>\n<p>Russia adopted crypto <br \/>Blackrock wants Bitcoin<br \/>El Salvador Bonds approved <\/p>\n<p>So why price struggle here? <\/p>\n<p>Reclaims = safety off invalidations <br \/>Does taking what the market gives pay again? <a target=\"_blank\" href=\"https:\/\/t.co\/OyTmlSdRlg\" rel=\"noopener\">https:\/\/t.co\/OyTmlSdRlg<\/a> <a target=\"_blank\" href=\"https:\/\/t.co\/F3ibYnjjmX\" rel=\"noopener\">pic.twitter.com\/F3ibYnjjmX<\/a><\/p>\n<p>\u2014 Pentoshi  Forbes worst trader 40 years running (@Pentosh1) <a target=\"_blank\" href=\"https:\/\/twitter.com\/Pentosh1\/status\/1491609940351410179?ref_src=twsrc%5Etfw\" rel=\"noopener\">February 10, 2022<\/a><\/p><\/blockquote>\n<p>As Cointelegraph reported, however, near-term BTC price gains <a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-centers-on-44k-as-btc-price-macd-delivers-long-awaited-bull-signal\" data-amp=\"https:\/\/cointelegraph-com.cdn.ampproject.org\/c\/s\/cointelegraph.com\/news\/bitcoin-centers-on-44k-as-btc-price-macd-delivers-long-awaited-bull-signal\/amp\" rel=\"noopener\">remain far from a dead certainty for the bulls<\/a>.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/blackrock-expected-to-offer-crypto-trading-as-three-arrows-exec-says-long-bitcoin-eth-in-2022\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) and Ether (ETH) are sure long bets for 2022, prominent investor and commenter Zhu Su says. In a tweet on Feb. 10, Zhu, co-founder of hedge fund Three Arrows Capital (3AC), argued that BTC and ETH were the best options for investment this year, along with oil, while the S&amp;P 500 is a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[1900,50,4903,62,181,854,3242,414,483,723],"class_list":["post-7501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-arrows","tag-bitcoin","tag-blackrock","tag-crypto","tag-eth","tag-exec","tag-expected","tag-long","tag-offer","tag-trading"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvYWJhNjExZDAtZTk2OC00M2U3LWI5YjgtOTczMDM3ZjM2MmIwLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7501"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7501\/revisions"}],"predecessor-version":[{"id":7503,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/7501\/revisions\/7503"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/7502"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7501"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}