Full Interview with Zain Jaffer on Jan 27, 2023 with CNBC Crypto World Anchor Jordan Smith
Summary:
Crypto has been rallying into 2023 and showing some correlation with assets such as S&P 500, NASDAQ and even Gold. However, Zain points out that the players behind this rally are most likely speculators as the trajectory of Bitcoin shows strong correlation with Cathie Wood's ARK which is high-growth tech.
Zain & Jordan also discuss the role of institutional investors in this rally and the fact that the DOJ & SEC are aggressively pursuing action against bad actors in the space. Zain ultimately believes this is good for the industry as an urgent clean-up is required so that Wall Street can get comfortable with the asset class.
