Ikigai Founder Explains Why Bitcoin And Crypto Are ‘On The Verge Of Cannibalism’
Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, shared his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem, which he described as following: “Bitcoin is ~10% off of ATHs and the timeline appears to be on the verge of cannibalism.” In a series of detailed posts on X, Kling dissected the complex interplay of macroeconomic factors, ETF flows, and internal market dynamics that are shaping the cryptocurrency markets. Why Is Bitcoin Trading Flat? Kling began his analysis by addressing Bitcoin’s performance relative to....
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After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX. Ikigai chief investment officer, Travis Kling, told the public on Twitter and he said there’s “a lot of uncertainty about what’s going to happen next.” Ikigai Chief Investment Officer Shares ‘Some Pretty Bad News’ Another hedge fund has detailed it has lost money from the FTX scandal, according to a Twitter thread published....
According to various reports, the cryptocurrency network Verge has suffered a 51% attack that led to a massive 560,000+ block reorganization. Analysts believe the Verge network attack could be the deepest blockchain reorganization (reorg) in history with roughly 200 days worth of verge transactions wiped. Reports Show Verge Network Experienced a Massive 560,000+ Blocks Reorg The blockchain Verge and its native token XVG once made headlines for being added to the popular adult website Pornhub. This week, the Verge network has been 51% attacked according to multiple analysts and observers on....
The Ikigai Asset Management investor discusses WallStreetBets, institutional investors and recent bitcoin critiques.
Verge has been hit by a massive 560,000-block reorganization.
Bitcoin has suffered another drop. Falling $13 since our last price piece, the digital currency now hovers around $666 at press time (sorry to all you religious people out there). One source explains: “Bitcoin price looked to be advancing only to bump against the resistance ceiling. How to trade in the coming days (or weeks) is dependent on how the market negotiates $680.” In our last report, bitcoin was priced a $679, and as the source clearly explains, was on the verge of hitting $680, but now such a move has failed to take place. Several occurrences could ultimately decipher what....