Research

Q1 2020 Review: macroeconomic environment takes center stage for cryptocurrencies

Apr 10, 2020 ⋅  9 min read

Q1 2020 was one of the most eventful quarters in the history of cryptocurrency. Everything we thought would happen in 2020 collided with the highly improbable and extremely impactful exogenous shock of the coronavirus. The outlook for the year has changed dramatically, and the largest driver of cryptocurrency prices for the foreseeable future will be the macroeconomic environment. This may be the beginning of Bitcoin's coming of age moment.

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Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.

About the author

Ryan Watkins was a Senior Research Analyst at Messari. Previously, he worked at Moelis & Company as an Investment Banking Analyst where he worked on deals in the technology, telecom, and fintech sectors. Ryan graduated Magna Cum Laude from the Gabelli School of Business at Fordham University.