CoinDesk Monthly Review, February 2020
Bitcoin’s “digital gold” narrative took a hit in February; as we cautioned in our January Monthly Review, those who saw positive correlations were thinking wishfully. We continue to look for secular trends and treat bitcoin and other crypto assets as a venture investment in a technology that is still experimental. Cash onramps are critical data collection points. In this presentation, we look at Binance, Cash App and Coinbase fiat onramps. We also update an earlier research note on crypto interest rates and adoption of DeFi lending, and its potential to make a break-out use case for ethereum, and look at “criminality” as a use case for crypto networks. Finally, we look ahead (and back) to bitcoin halving impacts, and show returns in bitcoin and other crypto assets for the month of February.