Bloomberg Tech Evolving Money: Diversifying with Digital Assets (Sponsored Content)
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Mar 29, 2026 Cosmo Jiang, Pantera Capital partner who applies equity-style analysis to crypto protocols, and Omid Malikin, Wall Street veteran and Columbia adjunct teaching crypto, discuss digital assets. They explore Bitcoin as a scarce, portable form of money and its role as diversification. They contrast Bitcoin with other blockchains, cover DeFi and AI intersections, and explain protocol underwriting and institutional implications.
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Bitcoin Is Hard Currency Plus Global Plumbing
- Bitcoin is a hard currency with a built-in global payment system that combines scarcity with instant digital transferability.
- Omid Malikin contrasts Bitcoin's transportability with gold using Ukraine donations and private keys as a way to preserve value during exile.
Ukraine Donations Show Bitcoin's Crisis Utility
- Ukraine donors used crypto to send funds that would be instantly accessible via private keys, illustrating real-world utility in crisis.
- Malikin argues displaced officials could simply memorize a private key to retain billions in purchasing power unlike gold.
Bitcoin's Correlations Shift Across Market Regimes
- Bitcoin's correlation with other assets has changed across regimes: flight-to-quality, crash-with-everything, and later rising with risk assets.
- Malikin views current low correlation as early evidence Bitcoin may act as monetary insurance over longer horizons.