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22 September 2021
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A Top Macro Analyst Just Bought Bitcoin For the First Time Ever

While Bitcoin’s uptrend has stalled, prominent names in the financial world have continued to delve into cryptocurrency.

The latest of these is Darius Dale, the Managing Director & Partner at Hedgeye Risk Management. Dale heads the firm’s Macro Strategy team alongside the chief executive of Hedgeye.

The analyst announced on June 19th that he “just bought Bitcoin for the first time” ever. Dale added that he thanks Morgan Creek Digital’s Anthony Pompliano and others in the community for providing him with the resources to properly make this

One of the Latest Prominent Analysts and Investors to Have Adopted Crypto

Dale is one of the latest notable investors and analysts to have delved into the Bitcoin space for the first time.

Brandon Quittem, a popular commentator and entrepreneur in this nascent space, recently shared the tweet below. It outlines a handful of big names in traditional finance and Silicon Valley that are going big on cryptocurrency.

He listed individuals such as Paul Tudor Jones, Dan Tapiero, Chamath Palihapitiya, Raoul Pal, Tim Draper, Peter Theil, and Naval Ravikant.

  • Trump Wanted to Go After Bitcoin In 2018:According to the Washington Examiner, which obtained an excerpt from an upcoming book titled “The Room Where It Happened,” President Trump told Treasury Secretary Mnuchin in 2018 to “go after Bitcoin.” The author of the controversial book, former national security advisor John Bolton, dated the quote to a conversation in May 2018. That would be a year prior to Trump’s anti-crypto tirade on Twitter and while the cryptocurrency market was still near its peak. The book’s release has been delayed due to a lawsuit from the Department of Justice.
  • Ethereum’s Vitalik Buterin Challenges Halving Narrative: Ethereum founder Vitalik Buterin this week challenged the decisive statement made by many Bitcoin bulls that block reward halvings boost BTC:

“The ‘halvings cause BTC price rises” theory is unfalsifiable: Was the peak before the halving? Then it ‘rose in anticipation of the halving’ During? ‘Because of the halving’ After? ‘Because of…’

  • Ethereum DeFi Gains Strength on Public Release of COMP Token: What is believed to be one of crypto’s most viable use cases, decentralized finance (DeFi), this week gained even more steam with the public launch of the COMP cryptocurrency by Compound, an Ethereum-based DeFi protocol. The cryptocurrency is so valuable it now has a market capitalization in excess of $500 million, despite just launching publicly just days ago. Analysts expect DeFi to be a massive catalyst for the growth of the cryptocurrency industry, especially in terms of the price of Ethereum and related tokens.

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