When Deutsche Bank’s Global Financial Strategist Masao Muraki looks at the bitcoin market, he sees a market that is being “held up” by certain forces. In a December 14 research note titled “The identity of who is propping up the Bitcoin market,” Muraki and his fellow Japanese researchers Hiroshi Torii and Tao Xu not only profile who is holding up the market, but their motivations and what institutions might get hurt if the bitcoin market crashes. [timeless] Deutsche bank thinks a Japanese “Mr. Watanabe” in his 30s or 40s is holding up the bitcoin market Playing the part of an…
Deutsche Bank Says It Knows Who Is “Holding Up” The Bitcoin Market
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.