The Market Maker - The Coronavirus & the Bitcoin halving lead the macro news cycle
Guest:
Scott Freeman
Why you should listen:
As we begin a new decade, many market watchers had expected turbulence and volatility, and 2020 is not playing around. The Coronavirus is driving the global news cycle and impacting all financial markets as governments scramble to contain the virus and prevent a pandemic. In the meantime, with just 100 days until the Bitcoin halving, while stock markets fall, the BTC price is soaring.
Key takeaway:
It’s too early to know what will happen with the Coronavirus but it’s already having a negative impact on the global economy. Andy and Scott discuss a note on the virus by Nassim Nicholas Taleb, a statistician and risk analyst whose work concerns problems of randomness, probability, and uncertainty. Taleb’s take is that in order to contain such a virus, all resources must be diverted to containment as soon as possible, an opportunity that China missed. Taleb’s view is that while there is a very high probability for humanity surviving a single such event, over time, there is eventually zero probability of surviving repeated exposures to such events.
Supporting links:
OhNoCrypto
via https://www.ohnocrypto.com
Andy Pickering, Khareem Sudlow
