Crypto Long and Short: A New Market Part 2 With Michael Moro and YinFeng Shao
Volatility: Friend or Foe? Some traders and fund managers thrive on volatility – others believe the potential returns are not worth the risk. CoinDesk’s Galen Moore talks to experienced fund managers and traders Michael Moro, CEO of Genesis Global Trading, and YinFeng Shao, CEO of Reciprocity Trading, about why they trade crypto, how they mitigate the risk and how they deal with the stress. Volatility “is more of a feature than a bug” of crypto, Moro said. “It comes down to expected volatility. What did you expect coming into this asset class, versus what did you actually get.” Considering Bitcoin’s 11 years of existence, volatility shouldn’t catch people off guard. “In a properly allocated portfolio construction… the volatility plays into why investors are certainly interested,” Moro said.
Jul 31, 2020
Jul 30, 2020