The Scoop

In 19 days, the number of bitcoin released with each block reward will drop from 12.5 to 6.25, a 50% cut in supply.
This will be the third halving in bitcoin's lifetime and it has market participants across crypto speculating about the potential ramifications. Namely, whether it will result in a pop in bitcoin's price or whether it is priced in.
In this episode of The Scoop, we welcome GSR Trading co-founder Rich Rosenblum to dig into the halving. Rosenblum, who spent ten years at Goldman Sachs trading oil, kicked things off with the firm's transition from a programmatic trading firm in a retail driven market into a broker offering bespoke products to help miners hedge their risks.
We also discuss: 

The fundamental difference between oil and bitcoin in terms of supply and demand dynamics 

The similarities between mining operators and shale producers

The reason why U.S.-based "institutional" offerings have failed to launch while the Asian derivatives market has taken off

How trading firms and market participants are preparing for the halving, and, of course, whether it is priced in 

Episode 14 of Season 2 of The Scoop was recorded remotely with Frank Chaparro and Rich Rosenblum, co-founder of GSR Trading. 

Show Notes

In 19 days, the number of bitcoin released with each block reward will drop from 12.5 to 6.25, a 50% cut in supply.

This will be the third halving in bitcoin's lifetime and it has market participants across crypto speculating about the potential ramifications. Namely, whether it will result in a pop in bitcoin's price or whether it is priced in.

In this episode of The Scoop, we welcome GSR Trading co-founder Rich Rosenblum to dig into the halving. Rosenblum, who spent ten years at Goldman Sachs trading oil, kicked things off with the firm's transition from a programmatic trading firm in a retail driven market into a broker offering bespoke products to help miners hedge their risks.

We also discuss: 

  • The fundamental difference between oil and bitcoin in terms of supply and demand dynamics 
  • The similarities between mining operators and shale producers
  • The reason why U.S.-based "institutional" offerings have failed to launch while the Asian derivatives market has taken off
  • How trading firms and market participants are preparing for the halving, and, of course, whether it is priced in 


Episode 14 of Season 2 of The Scoop was recorded remotely with Frank Chaparro and Rich Rosenblum, co-founder of GSR Trading. 

What is The Scoop?

Welcome to The Scoop, The Block's flagship podcast covering finance and technology industries through unmatched interviews with top thought leaders, cultural icons and industry veterans. The Block’s Frank Chaparro hosts new guests every week, diving into breaking news and topics ranging from NFTs, to the impact of DeFi on Wall Street, to Bitcoin's role in the economy and beyond.