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Bobby Ong (Co-founder, CoinGecko) | The Road to Metamorphosis - Blockchain Summit by Octaloop

Bobby Ong
Co-Founder at CoinGecko
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The Road to Metamorphosis I
May 9, 2020, Online, California, USA
The Road to Metamorphosis I
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About the talk

Topic: FinTech

More details about the summit: https://www.octaloop.com/events/theroadtometamorphosis/

About speaker

Bobby Ong
Co-Founder at CoinGecko
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Hello. Hello, hi. Hi. I guess you can see me here in right now. So, my name is Bobby, America. Founder of coingecko. Coingecko is the largest independent crypto data aggregator in the world right now. Then some of the things that we have done in our research arm for appointment. So I can see all the stuff that you are talkin here. So the general Chatham up doing it, you have any questions, just stupid presentation here. And then maybe have a few any of the end where you can raise your hand and and and

ask questions later on. So, yeah, I'll be outfitted, you let me just put them in right straight to the presentation. So, This is a q12 to report every publisher about one month to go. Visit to look into the crypto market and what is a 55 page presentation report, 55 pages, long, but I cut it short and bought three pages for this presentation that have today. So I doubt that me the research that we found it and this is this may be a bit. You already know already know. Like this is the total Market. Everyone knew that black black, black black Tuesday. I think I put on

on on March 12th and ready Market crashed. With 40% in q1, we all know by now that the losses did that happening in q1 was telling about 3.8, she has now, it's not raining at 10:10. Any point in time, you and me is that they perform really well was actually, I had a huge fight and out of traffic because people thought that quick ride at the Frederick Keys, to satoshi's coins and diarrhea was that he was going to buy bsv. Obviously there was no true. You have to throw the keys to psvr price be fine after that

we can price decreases. We all know by now is going to be an exciting thing about having company on Monday or Tuesday, if he can drive the price. Domino's, this was a B&Q 31st March Bitcoin. So is nominal decrease of -3.568 percentage points by. Now we know that bitcoin price in the last one man. In April, and May has gone off alone, and of course, has not really a whole truth and Domino's who has increased as a result. Oso in Tijuana has and losses. Okay? Be talkin to

this was mainly because of a testament, as well as the last option Supply, where the other 200 million. Okay, by the big, big, big decrease in q1 actually was Cosmos and Nico Christmas suffered a huge departure where J-Kwon and, and document their had a big dispute and arguing. It's always bad. Because you, and this was reflected in Cosmos, price calling 50% when 33% down because of the black cuz they went in and and a lot of people would die die. Die. Bacchanal. So I don't bring you some of this inside that machete in terms of

exchanges. So we so that Finance market today, in terms of Bitcoin, trading volume has now, has the largest trading volume. So it wasn't the largest one. Now he has to be able to stand or trading volume for the stock exchanges, as well, in terms of market share using to buy not as a result is increasing, very rapidly 18.4% and the rest I said a big increase increasing and sound percent. For Christmas. I want to ask you to into treat or what I think will happen is, I'll be losing a lot of Goodwill in the industry, leader in the bedroom.

And it was no there was no. There was no no no no competition. I'm just checking out with the check to see if everything's real video video screen. I'll be asleep on black Thursday on Travis Marsh. I can see the opening program about 1.5 billion US dollars to buy less than 1 billion dollars. In terms of all exchange has a big thing of decline for what is there with this Market? Does a crypto exchanges, and I'm going to look at the spot market, so we don't really know what is real, and what is not real

big, boys, top 10 real volume exchanges, which it came to be real trading volume. And it's not the best indicated by a gay man and the reports of a one-year-old by now. And yes, I'm exchanges that included here. That we know life is now owned by Awolnation the trunk team except for travel alone and Temple March where is no longer. He was way above the chart close to Jungle in US Dollars. I want a big thing was that significant training volume always changes.

And it is, we look at the similarweb truck. Stop 20 spot exchange is based on Kanye West Roscoe and we look at the traffic light to 30% of market share in terms of altering volume on. This is almost four times larger than any of the other Spanish Angels come by and do bit time is 6.3%. Coinbase, a big crack. It wasn't always the case, but accused of January, February March, but traffic is, is significantly larger, beat Max, but I'm guessing, you know, when you're buying it as well. so,

All right here. So, just need a slight on trip to exchange tokens. I want to thank you saw in q1. Was the protection still can't seem to be read during the storm relatively well, in q1. When I, when I reach 25% among the top seven do construction tokens, everyone did pretty well. Okay baby, what's the biggest gainer on everything? Kind of followed a coin exchange rate in bandar 20 section is no longer around is okay for low, okay? So low orbit and the rest of

the one key token that didn't really do as well, when I M in because of the black Thursday, but everyone else Increase. So something to watch out for, I would say put together a motel stats that Dad the traditional markets and kind of correlate them to want me. Seeing the Bitcoin Market. I might be going to go SM T510 to a chart Bitcoin gain the most from 1st April 31st of March. So he gave 56% golo closely behind 2919 pretty much So, what was wrong with the video correlation is the game? The game between q12020 a q1 2019

single game, 4.5 per cent last year, when you do you want to send it again? 1.4%, this quarter, Bitcoin percent. This quarter is an intraday low of 40% on March, the most percent. So why do things is that the King was the goal is known as a safe-haven. Do the past financial crisis has always been the case. We look at the 2007, Global financial crisis, has gold price blue 7500. So when go go up in price as an alien growing up, we still the same thing happen in 2011, as well,

go having a correlation same thing in 2015. S&P 500, 5 years was 0.7, so There was a positive correlation between S&P 500 end and q1 2020. Everything else was a short-term negative relationship but long. Of time like you actually quite a close correlation of 0.705 tsp of time during economic crisis, Germany performing negative relationship but during this financial crisis he was in a positive correlation. So Stream believes that Bitcoin has. This is a safe haven. Equine is a safe haven as well. And

where we saw that 63 per cent of respondents, believe that Bitcoin is a Safe Haven by is it really a safe haven and one year correlation and with all that he has a 0.6 correlation with go correlation and then why go remaining 21%? During this period in time, so go contracted 1% during these 30 days post covid-19 Penny, I perform better. So you right now 1% but if you look at Bitcoin 2020 right now, what is 36? + 20% Difference by 5.3% during the crisis. Yeah, I don't have to be quite this right here is MPS. You know what you sow

is much higher than the 0.6 coronation to go. So one saying that is it doing this financial crisis? Bitcoin is very closely correlated to S&P 500 or relative to go. Wasn't always a big point was more closely correlated with gold stick to. This is a trend which we cannot see whenever and whenever the future of the queen goes down as there's two different price to a large extent, is quite driven by a These days. But you can recover completely from all during the covid-19 crisis of

you and price today of a SMP 500 sq struggling to get back to the state, I am in with the February. So the Traders are trading when the CME Bitcoin Futures. That's probably something to take note of their shops near put out the full report. Every part of you publish a sweeping interested, you can, you can take a look at this, the full report Here, I Am by Keyshia Cole. And shake and a chat. And I think I'll be open to Q&A. So ask a question. So feel free to to, to raise your

hand and ask me questions, if hide behind everything. Thank you for the, for the greater than station. So I have questions for you. I noticed your slides for on Golden S&P relation between toe. So do you see any any kind of correlation that died that we can predict the future or so far for the past 10 years were, what kind of correlation have you seen? What do you think about like having coming up in that is not going to impact the correlation between all of the other three also? Okay. So

so basically question is what do I think about the correlation between Bitcoin gold 5500 and what's the impact on the housing which is happening in a few days time, right? Yes. So I think this is this, this this relationship between Bitcoin and gold generally has in the long-term Trend point of view. He has a positive correlation by during periods of financial crisis during periods of high with activity. It may break. So everything must be fine, but I

kind of stay steady around 1%. Goal generally to la, vi en goes in the inverse correlation S&P 500 in financial crisis. But during this liquidity crunch 2020 covid-19 pandemic everything was so low as to be five hundred Gold. Everything was so low and then go go window in prices. We also see if you ask me in a long-term, everything is correlated. We should do a Bitcoin gold S&P 500. They all has a long-term correlation in the short-term is very hard to say because different financial crisis, triggered different reasons on, why the

price may go up or down. I'm very excited about it yesterday. We didn't meet up where we got some miners coming on board and we spoke a lot about this at length. I like to think about having a birthday on the 29th of February celebrate once every four years. The last time we get to celebrate, it was four years ago in 2016 and and now we're seeing is it's a big supply of Bitcoin coming to the market. To minus your decrease, obesity back on my nerves because there are the revenue is cutting her by good for the long-term trend for Bitcoin. If you ask me for price

prediction, everyone's really high pain because I'm going up in price, go up in price from March. After you fell. 40% rely pretty much the same level of the year. Start a set of that kind of friend on this having. So the price is going up, I'm guessing, I'm pretty thing, they may be a short decline in price in the shop. And then in a meeting long-term. I think that is a very good opportunity because what we are observing a prayers to having a small. Is, that is generally tend to try not to update your housing. And, and I think in six

months to a year time, I think would be a good position for everybody in Christ and be interesting to see what happening what's what happened in 2021 to so yeah, I think then I'll be quiet because this is an asset class that will not disappear. It's always good to stack up some but I always put money that you're willing to do it because he's a very well, how in the street I won't be surprised if Bitcoin test The 4500 levels again after this, having because there's not much for a dead

by, then after that, he may go up pretty hard to protect and I don't, you understand. So just one more question, Bobby, you know, how in 2017 and the other, like, one of you song on coinmarketcap the and changes fake, the volumes and I added was really like what's going on in the industry and what make unit regards to represent the right. Volume 10. Yeah. So what are things is we we will we will, we will exchange at the largest trading volumes at the best-equipped

until sometime in 2019. When you said over the weekend that I can get go in Ona to get more customers. This, this, this is not ethical, they do out there trying to cheat people that they have the best degree to Matthew. When they don't really have that with this one or two. And then, at some point become like, dozens of exchanges of doing, it becomes like a normal sized thing and we couldn't stand it anymore. So what we did was we send it to come up with an algorithm for the trust school with We keep like a green yellow, red truck, like a symbol to

action you to determine, which is a great shame original exchange. We use it to mean that a trading volume of the indicator is depleted and he's no longer a good indicator to rely on 43 key to what we say that we had to rely on other indicators, me. Look at the other books with sea, we should exchange has the thickest on a book in terms of its 2% range, with a mysterious exchange at the Titus sprayed with look at you look at the exchanges similarweb traffic estimate because if you are real you probably have a lot of traffic coming to USA scene from binance. But if you have

to exchange them here at the highest volume, you probably don't really have the web traffic to back it up and and and we used in the court is at 8:42 when is Hanukkah And whenever you bring a change of base on this is like a score between 1 to 10 and weather 10-day, get a score of 10. We're pretty much. All right. I got that makes sense. I mean it is very important for rogue one. Make sure the volumes are represented Yahoo. Yeah, that's it. That's probably it. Bobby I would like to thank you for, for joining for joining the sectional and and, and thanks a lot. I probably

will be invited again for the next. Next time, I'm in between between gold and the SNP and crypto, you must be talking about Bitcoin. Would you would you also not so popular right now? Yeah, so what we observe is that Bitcoin has a strong correlation with Bitcoin. I think we've had zero points and five correlation with Bitcoin. So that the same coordination number to apply when you can pay off points against against Santiago low, or the other one. I'm gonna last level yet.

Okay, let me just take some questions. What? I observed during class is a Commodities, like gold route, except exception for covid, increase exponentially Bitcoin. And other cryptocurrencies, we saw a 40% drop while PCS in peaky, keep rising to the north. And it doesn't really care about any prices on an unemployment Around The World Is Carmen crisis, interesting, right? So, he went down significantly in March, and then in April announced that the TV

sting and, and decisively, and very quickly, and this kind of gifts and, and the price go up to think about it. Did you ask if I mean, activity higher than 80 years? I think and then she is going out. Doesn't make any sense. As though it's to make me feel bad. Like, how much longer can they keep printing money before the whole thing started? Falling apart, right? And I mean, so much money, then why? Why are we paying taxes, right money, the more become becomes available because we know, for fact that they're only be 21 million Bitcoins, ever been created. And and we know that this can

be inflated away, just like our money is being done by by the government. Absolutely. And then the price if they keep printing money, that only devalue is dollar, you know, like the office in case things go wrong Bobby. Yeah. I think that's I think that's how much time you also have for us. Thank the Lord for the presentation and then taking out time to speak. Yeah. Yeah, I'm going to call you a couple minutes. Yeah, I look forward to seeing all of you John. Thank you. Okay, thanks.

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