--- title: "\"That’s Our Two Satoshis\"  — Bloomberg Calls for $20,000 Bitcoin (Just Buy Their Terminals)" description: Bitcoin took a backseat to the lesser known small cap digital assets last week. Meanwhile, stocks clawed their way back to almost unchanged YTD. Everything we know about investing is now in question, which should lead more investors to digital assets. image: https://www.ar.ca/hubfs/That%E2%80%99s%20Our%20Two%20Satoshis%E2%80%8A%E2%80%94_6-8-20.png --- [![email-sig-logowhite](https://www.ar.ca/hs-fs/hubfs/email-sig-logowhite.png?width=102&height=96&name=email-sig-logowhite.png "email-sig-logowhite")](https://www.ar.ca/) [![Get in Touch](https://no-cache.hubspot.com/cta/default/4536350/28ac2c2f-186c-436f-9682-1169cf946ad3.png)](https://cta-redirect.hubspot.com/cta/redirect/4536350/28ac2c2f-186c-436f-9682-1169cf946ad3) ** ** ** [![Arca](https://www.ar.ca/hs-fs/hubfs/arca_square_576x576.png?width=60&height=30&name=arca_square_576x576.png "Arca")](https://www.ar.ca/) [![Get in Touch](https://no-cache.hubspot.com/cta/default/4536350/28ac2c2f-186c-436f-9682-1169cf946ad3.png)](https://cta-redirect.hubspot.com/cta/redirect/4536350/28ac2c2f-186c-436f-9682-1169cf946ad3) ** ** ** Search **Menu** ** ** [![Data Room](https://no-cache.hubspot.com/cta/default/4536350/72e2934a-0f70-4634-897e-b99fd4807a9b.png)](https://cta-redirect.hubspot.com/cta/redirect/4536350/72e2934a-0f70-4634-897e-b99fd4807a9b) [![Get in Touch](https://no-cache.hubspot.com/cta/default/4536350/28ac2c2f-186c-436f-9682-1169cf946ad3.png)](https://cta-redirect.hubspot.com/cta/redirect/4536350/28ac2c2f-186c-436f-9682-1169cf946ad3) ![](https://www.ar.ca/hubfs/2-Sats-Header.png) [Market Recap](https://www.ar.ca/blog/tag/market-recap) | # "That’s Our Two Satoshis"  — Bloomberg Calls for $20,000 Bitcoin (Just Buy Their Terminals) [![Jeff Dorman, CFA](https://www.ar.ca/hubfs/Jeff%20Dorman.png)](https://www.ar.ca/blog/author/jeff-dorman-cfa) Written by [Jeff Dorman, CFA](https://www.ar.ca/blog/author/jeff-dorman-cfa) Jun 8, 2020 ****![Thats Our 2 Satoshis Logo](https://www.ar.ca/hs-fs/hubfs/Thats%20Our%202%20Satoshis%20Logo.png?width=300&name=Thats%20Our%202%20Satoshis%20Logo.png)**What happened this week in the Crypto markets?** **Week-over-Week Price Changes (as of Sunday, 6/7/20****)**   |   | **WoW** | **YTD** | | --- | --- | --- | | **Bitcoin** | +3.5% | +35% | | **Bloomberg Galaxy Crypto Index** | +3.9% | +42% | | **S&P 500** | +4.9% | -1% | | **Gold (XAU)** | -3.5% | +11% | | **Oil (Brent)** | +11% | -36% | *Source: TradingView, CNBC, Bloomberg*   **Who Needs Bitcoin?** For only the second time in the past eight weeks, the broader Bloomberg Galaxy Crypto Index outperformed Bitcoin.  In fact, this was only the 5th time in the past 16 weeks that this has happened, and only the 10th time in 24 weeks YTD.   But it was the 2nd time in the last 3 weeks.   The idea of value investing in digital assets is often scoffed at, but this technique is beginning to take fold gradually, and we believe one day it [will be common practice](https://www.coindesk.com/jeff-dorman-value-investing-warren-buffett-crypto).  This past week, small and mid-cap digital assets outperformed Bitcoin (BTC) and Ethereum (ETH).  Many of these tokens are not “cryptocurrencies”, but rather utility tokens (those that can be utilized within a network), or quasi-equity tokens that accrue value as revenues and users grow.  From a thematic standpoint, “Decentralized Finance” (DeFi) tokens were well-bid as the [overall ecosystem of trustless finance grows](https://defipulse.com/), and from an event standpoint, companies and projects were rewarded for partnership announcements and software upgrades.    This rotation away from large-cap legacy cryptocurrencies to smaller, emerging digital assets is a welcome change.  The investable universe of digital assets continues to grow, and those coins and tokens that led the 2017 rally may become a tiny fraction of the growth in 2020 and beyond.  We are already seeing signs of greenshoots, with new entrants from the outside world like [Atari](https://www.atarichain.com/), [Reddit](https://www.forbes.com/sites/colinharper/2020/05/14/reddit-launches-ethereum-tokens-for-subbredits-in-new-community-points-campaign/#59ce4366533c) and [Topps](https://www.topps.com/blog/the-topps-company-partners-with-wax-to-bring-garbage-pail-kidscollectible-cards-to-life-on-the-blockchain-.html) launching digital assets.  We expect this trend to continue.   Meanwhile, Bitcoin has become a pure macro-asset.  Bitcoin and gold have moved in lock step since the start of the great monetary inflation.   Bitcoin is now mainstream, but the rest of the digital assets universe is gaining traction too.   Gold vs Bitcoin ![Picture0608](https://www.ar.ca/hs-fs/hubfs/Blog%20Images/Picture0608.png?width=1125&name=Picture0608.png) *Source:  *[*Max Bronstein (Coinbase) Twitter*](https://twitter.com/max_bronstein/status/1269726499185156096)   **Trust is Gone Part II -- The Employment Data** Last week [we discussed the complete lack of trust](https://www.ar.ca/blog/crypto-market-recap-06-01-20) Americans and citizens around the world have in their governments, banks and financial leaders.  That certainly hasn’t changed much in the past seven days.   The S&P 500 rose just under 5% last week and had its best 50-day period in history (+40%). Last week’s strength was attributed to a jobs report that befuddled every single economist, and for good reason… [it was inaccurate](https://www.washingtonpost.com/business/2020/06/05/may-2020-jobs-report-misclassification-error/).   ![Picture06081](https://www.ar.ca/hs-fs/hubfs/Blog%20Images/Picture06081.png?width=741&name=Picture06081.png)   With yet another data point that questions our faith in government and stock markets, it’s not surprising that [investors continue to look for alternatives](https://cointelegraph.com/news/crypto-funds-in-demand-institutions-see-bitcoin-as-alternative-hedge) that are less dependent.  Raise your hand if you predicted the following in your 2020 predictions:   - A global pandemic followed by the shutdown of the economy - Riots worldwide sparked by an all too familiar tragedy that has been largely swept under the rug previously - Record unemployment and record re-employment - Record monetary and fiscal stimulus - A stock market that is now unchanged YTD Everything happening right now is beyond comprehension from just a few months ago.  Yet, it is in fact happening.   For those that have completely dismissed digital assets as a legitimate and burgeoning asset class, this year has reminded us that the unexpected happens quite frequently.  It’s time to have an open mind racially, culturally and economically with regard to investment opportunities, including digital assets.   We now live in a world where anything and everything is possible.  A world renowned economist is now [questioning whether citizens should pay taxes](https://twitter.com/EconguyRosie/status/1268509845839319041).   Republican leaders are endorsing a Democratic Presidential candidate.  A comedian took down Bill Cosby and a single tweet can take down any politician or celebrity.  Meanwhile, the largest US bank (JP Morgan) has racked up [$34 billion in fines since 2000](https://violationtracker.goodjobsfirst.org/parent/jpmorgan-chase), was involved in both the LIBOR and EURIBOR rigging scandals and a [metals rigging scandal](https://www.bloomberg.com/news/articles/2020-02-05/jpmorgan-s-role-in-metals-spoofing-is-under-u-s-criminal-probe), owned a ship [seized with $1 billion of cocaine on it](https://www.cnn.com/2019/07/10/business/jpmorgan-msc-gayane-cocaine-seizure/index.html), and tried to underwrite a fraudulent WeWork IPO.   Would it be that surprising if a new system supplanted the old guard?   **All of Old Wall Street May Be Dead** It’s not just banks that are under siege… traditional asset managers are as well.  So many prominent investors have been dead wrong since March --- Buffett, Drukenmiller, Gundlach, Dalio, Minerd, Icahn, Tepper, Cooperman, Howard Marks and many more completely missed this rally.  Buffett sold his airline positions at the lows; Icahn sold his Hertz position right before a massive rally.  How can so many incredible investors get it wrong while [so many retail investors are getting it right](https://www.cnbc.com/2020/05/12/young-investors-pile-into-stocks-seeing-generational-buying-moment-instead-of-risk.html)?   Perhaps this is the new normal.    ***![Picture06082](https://www.ar.ca/hs-fs/hubfs/Blog%20Images/Picture06082.png?width=725&name=Picture06082.png)*** The old guard has been talking about inflation for years, dusting off the same sleepy “buy gold” playbook from the past two decades.  Many of these top investors listed above have been implicitly endorsing Bitcoin but can’t make the leap yet to fully explicitly endorse it (though maybe that changes soon now that Paul Tudor Jones has broken the stigma). Perhaps they never will, and a new group of leaders (potentially Arca) will emerge instead.    Once again, the events thus far in 2020 should be opening everyone’s eyes and expanding their playbooks.  For example, what happens now to the 60/40 portfolio?    ![unnamed (17)](https://www.ar.ca/hs-fs/hubfs/Blog%20Images/unnamed%20(17).png?width=361&name=unnamed%20(17).png) A [recent article](https://www.coindesk.com/bitcoin-is-a-big-opportunity-for-investors-in-the-debt-fueled-roaring-twenties?utm_source=&utm_medium=&utm_campaign=&clid=) from David Leibowitz of Lebo Capital Management expanded further:   > *The elimination of fixed income as an investable asset class hastened the death of global macro investing, which has been dying since the introduction of negative interest rates by the ECB in 2014. Alpha is hard to come by and there simply aren’t enough assets to trade and arbitrage anymore. With the destruction of the fixed income markets, the search for investable alpha has already begun. Bitcoin is a bright light, perhaps a beacon of opportunity for traders and investors alike in what I expect to be the next decade’s debt-fueled, zero-interest-rate-led Roaring Twenties.** * Times like these do not require you to have all of the answers.  But it does force you to ask questions.   **Bloomberg calls for $20,000 Bitcoin -- Err, Just Buy Their Terminals** By now, everyone you know in digital assets has sent you [this article by Bloomberg calling for $20,000 Bitcoin](https://data.bloomberglp.com/professional/sites/10/Bloomberg-Indices-Outlook_Cryptos_June-2020.pdf).  Did anyone happen to notice what group at Bloomberg this came from?  This wasn’t their economics team, or finance team, this was their data team.   This report is nothing more than an advertisement for all of the new digital asset functions on the Bloomberg terminal.  And quite frankly, that’s way more important than a price prediction. In 2018 and 2019, not only did this Bloomberg digital assets data not exist, but the Bloomberg reps would flat out tell you “This isn’t something we are focused on”.  That directive came from the top.  Now, Bloomberg is offering data on GBTC, a variety of Indexes, Futures, Bitcoin addresses, Tether, and a whole slew of other functions under {CRYP} GO.    Bloomberg is by far the most important, under-appreciated company in digital assets.  Without this data made available to over 300,000 Bloomberg Terminal users, most institutional investors have an excuse to ignore this asset class.  Not anymore.   So while the media focuses on yet another baseless and pointless price prediction, the real story is that over 300,000 institutional investors can now learn about digital assets simply by typing 4 letters.   **Notable Movers and Shakers** The alternative digital asset market continues to be bid this week, with BTC.D falling 75bps while BTC finished the week up 3.5%. This strength is of no surprise, with fundamental news driving the price action for the leaders this week:   - Numeraire (NMR) [announced](https://www.theblockcrypto.com/post/67223/numerai-3-million-token-sale-staking-protocol) that they secured a $3M raise on Wednesday - Union Square Ventures (led round), Placeholder, CoinFund and Dragonfly Capital all participated (as well as Numerai Founder Richard Craib). The new funding will be used to develop and expand the reach of Erasure, their information staking protocol. The token traded higher on the news, finishing the week up 6%. - Maker (MKR) continued to trade higher on last week’s [announcement](https://blog.coinbase.com/maker-mkr-is-launching-on-coinbase-pro-1f7bb7c844a9) that the asset will go live on Coinbase Pro for US customers on June 8th (which is today), with trading likely to begin the following day. Since 2019, Coinbase Pro listings have averaged 26% net gains, with 36% peak gains. This trend seems to be captivating the interest of the digital assets space, and in turn the token finished higher (11%) for the second week in a row. **What We’re Reading this Week** [What Wall Street Got Wrong About Bitcoin - Galaxy piece](https://mcusercontent.com/4ee5467326fbf62430854c9c7/files/c49c99e6-6376-4890-8e37-eb1018bb99a9/Galaxy_Digital_What_Wall_Street_Gets_Wrong_About_Bitcoin_June_2020.pdf) Two weeks ago, Goldman Sachs released a client presentation which purported some of the common myths about Bitcoin, including that it has no value and is used exclusively for illicit activity. In this report, Galaxy Digital, tackles ten common misconceptions about Bitcoin and its investability. Galaxy further reminds readers that in today’s world of expansionary fiscal policy, not broadening one’s horizons to include Bitcoin and digital assets in a portfolio can be dangerous.   [Federal Reserve Endorses Ethereum-Backed Alternative To Libor](https://www.forbes.com/sites/jasonbrett/2020/06/03/federal-endorses-ethereum-backed-alternative-to-libor/#650b672169f3) Last week, Federal Reserve Chairman Jerome Powell answered in a statement whether the Fed would consider AMERIBOR as an alternative to LIBOR for interest rates. AMERIBOR is an alternative reference rate to LIBOR and uses a closed version of Ethereum as part of the process by which it determines rates.  After LIBOR’s potential manipulation scandal was discovered, the Federal Reserve has pushed to explore alternative short-term interest rate reference benchmarks. Although the statement does not outright state that the Fed will use AMERIBOR, it indicates they are considering it as a viable alternative.   [“Crypto Mom” Hester Peirce Tapped for Second Term with SEC](https://www.theblockcrypto.com/linked/67362/hester-peirce-second-term-sec-commissioner?utm_source=rss&utm_medium=rss) Last week, Hester Peirce, fondly known as “Crypto Mom” for her crypto-friendly stance, was nominated for a second term by President Trump as her current term was set to end June 5. Peirce has gained notoriety within the digital assets community for her dissent from the other commissioners over the SEC’s rejection of the Bitcoin ETF filings. In addition, late last year she proposed a safe harbor period for digital assets startups so they would have more time to comply with the SEC. The Senate still has to confirm Peirce, but she may continue to serve for the next 18 months during that process.   [Vodafone Enlists Blockchain Nonprofit for Tracking Renewable Energy Use in Europe](https://www.coindesk.com/vodafone-enlists-blockchain-nonprofit-for-tracking-renewable-energy-use-in-europe) Vodafone has joined forces with blockchain nonprofit Energy Web to track excess power from solar panels across the energy grid. Solar panels in some parts of Europe are generating more energy than the power grids know what to do with and Vodafone is creating a communications system using its SIM technology to track and redistribute this additional energy. SIM cards’ private key infrastructure allows devices to securely sign transactions on the Energy Web blockchain, a process which they hope will eventually create a “new digital energy marketplace”.   ***And That’s Our Two Satoshis!***  *Thanks for reading everyone!   * *Questions or comments, just let us know.*   **The Arca Portfolio Management Team** *Jeff Dorman, CFA - Chief Investment Officer* *Katie Talati - Head of Research* *Hassan Bassiri, CFA - PM / Analyst* *Sasha Fleyshman -  Trader*   *Wes Hansen -  Head of Trading & Operations* * * * * * * * * * * * *    **To learn more or talk to us about investing in digital assets and cryptocurrency ** **call us now at [(424) 289-8068](tel:+14242898068).**         ### Subscribe For the Latest Blockchain News & Analysis     Disclaimer: This commentary is provided as general information only and is in no way intended as investment advice, investment research, legal advice, tax advice, a research report, or a recommendation. Any decision to invest or take any other action with respect to any investments discussed in this commentary may involve risks not discussed, and therefore, such decisions should not be based solely on the information contained in this document. Please consult your own financial/legal/tax professional. Statements in this communication may include forward-looking information and/or may be based on various assumptions. The forward-looking statements and other views or opinions expressed are those of the author, and are made as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated and there is no guarantee that any particular outcome will come to pass. The statements made herein are subject to change at any time. Arca disclaims any obligation to update or revise any statements or views expressed herein. Past performance is not a guarantee of future results and there can be no assurance that any future results will be realized. Some or all of the information provided herein may be or be based on statements of opinion. In addition, certain information provided herein may be based on third-party sources, which is believed to be accurate, but has not been independently verified. Arca and/or certain of its affiliates and/or clients may now, or in the future, hold a financial interest in investments that are the same as or substantially similar to the investments discussed in this commentary. No claims are made as to the profitability of such financial interests, now, in the past or in the future and Arca and/or its clients may sell such financial interests at any time. The information provided herein is not intended to be, nor should it be construed as an offer to sell or a solicitation of any offer to buy any securities, or a solicitation to provide investment advisory services. Previous Story [← "That’s Our Two Satoshis"  — The Financial System is Broken, But There is a Solution](https://www.ar.ca/blog/crypto-market-recap-06-01-20) [** ](https://www.ar.ca/blog) Next Story ["That’s Our Two Satoshis"  — Digital Assets Value Investing →](https://www.ar.ca/blog/crypto-market-recap-06-15-20) ## You May Also Like These Stories on Market Recap [![](https://www.ar.ca/hubfs/Two%20sats%20July%206%202026.png) ](https://www.ar.ca/blog/crypto-green-shoots-are-sprouting) [Market Recap](https://www.ar.ca/blog/tag/market-recap) ### [Crypto Green Shoots Are Sprouting](https://www.ar.ca/blog/crypto-green-shoots-are-sprouting) Jul 6, 2026 | 1 min read [![](https://www.ar.ca/hubfs/Two%20sats%20June%2029%202026%20%281%29.png) ](https://www.ar.ca/blog/securitize-the-most-important-rwa-stock-no-one-has-heard-about-yet) [Market Recap](https://www.ar.ca/blog/tag/market-recap) ### [Securitize - The Most Important RWA Stock No One Has Heard About Yet](https://www.ar.ca/blog/securitize-the-most-important-rwa-stock-no-one-has-heard-about-yet) Jun 29, 2026 | 1 min read [![](https://www.ar.ca/hubfs/_Two%20sats%20June%2022%202026.png) ](https://www.ar.ca/blog/galaxy-digital-glxy-how-a-distressed-mining-site-buyout-became-both-a-pot-of-gold-and-an-identity-crisis) [Market Recap](https://www.ar.ca/blog/tag/market-recap) ### [Galaxy Digital (GLXY): How a Distressed Mining Site Buyout Became Both a Pot of Gold and an Identity Crisis](https://www.ar.ca/blog/galaxy-digital-glxy-how-a-distressed-mining-site-buyout-became-both-a-pot-of-gold-and-an-identity-crisis) Jun 22, 2026 | 1 min read ### Arca Los Angeles I New York (424) 400-7444 info@ar.ca [![LinkedIn](https://www.ar.ca/hubfs/LinkedIn.png "LinkedIn")](https://www.linkedin.com/company/arcafinance/mycompany/) [![Twitter](https://www.ar.ca/hubfs/Twitter.png "Twitter")](https://twitter.com/arca) [![Youtube](https://www.ar.ca/hubfs/Youtube.png "Youtube")](https://www.youtube.com/c/Arcafinance) ### Contact Us Copyright © 2025 Arca Holdings. All Rights Reserved.  |  [Important Disclosures](https://www.ar.ca/important-disclosures) ```json { "@context" : "http://schema.org", "@type" : "VideoObject", "contentUrl" : "https://youtu.be/hHdcrzD7_0w", "description" : "Meet the founders of Arca and learn about what inspired them to join the digital asset ecosystem. Rayne Steinberg – Co-Founder & Chief Executive Officer Jeff Dorman – Co-Founder & Chief Investment Officer Phil Liu – Co-Founder & Chief Legal Officer.", "duration" : "PT4M13S", "embedUrl" : "https://www.youtube.com/embed/hHdcrzD7_0w", "name" : "Meet the Founders of Arca", "thumbnailUrl" : "https://i.ytimg.com/vi/hHdcrzD7_0w/default.jpg", "uploadDate" : "2022-02-15T15:49:56Z" } ``` ```json { "@context" : "https://schema.org", "@type" : "SiteNavigationElement", "Name" : [ "HOME", "Hedge-Funds", "Bitcoin-Fund", "Blog", "About", "Team", "Careers", "Data Room", "Get in Touch" ], "Url" : [ "https://www.ar.ca/", "https://www.ar.ca/arca-hedge-funds", "https://www.ar.ca/ai-bitcoin-fund", "https://www.ar.ca/blog", "https://www.ar.ca/about", "https://www.ar.ca/arca-team", "https://www.ar.ca/careers", "https://arcafunds.hvstprivate.com/", "https://www.ar.ca/contact?hsCtaTracking=28ac2c2f-186c-436f-9682-1169cf946ad3%7C63e370f0-aacd-4463-8bce-3616a7b4b7f3" ] } ``` ```json { "@context" : "https://schema.org/", "@type" : "WebSite", "name" : "Ar", "potentialAction" : { "@type" : "SearchAction", "query-input" : "required name=search_term_string", "target" : "https://www.ar.ca/search?q={search_term_string}" }, "url" : "https://www.ar.ca/" } ``` ```json { "@context" : "https://schema.org/", "@type" : "WebPage", "name" : "Ar", "speakable" : { "@type" : "SpeakableSpecification", "xpath" : [ "/html/head/title", "/html/head/meta[@name='description']/@content" ] }, "url" : "https://www.ar.ca/" } ``` ```json { "@context" : "https://schema.org", "@type" : "Organization", "alternateName" : "Ar", "logo" : "https://www.ar.ca/Logo.png", "name" : "Ar", "url" : "https://www.ar.ca/" } ``` ```json { "@context" : "https://schema.org", "@id" : "", "@type" : "LocalBusiness", "address" : { "@type" : "PostalAddress", "addressCountry" : "US", "addressLocality" : "New York", "addressRegion" : "CA", "postalCode" : "90066", "streetAddress" : "Los Angeles" }, "geo" : { "@type" : "GeoCoordinates", "latitude" : 33.9697897, "longitude" : -118.2468148 }, "image" : "https://www.ar.ca/hs-fs/hubfs/email-sig-logowhite.png?width=102&name=email-sig-logowhite.png", "name" : "Arca", "openingHoursSpecification" : { "@type" : "OpeningHoursSpecification", "closes" : "23:59", "dayOfWeek" : [ "Monday", "Tuesday", "Wednesday", "Thursday", "Friday", "Saturday", "Sunday" ], "opens" : "00:00" }, "priceRange" : "$", "sameAs" : [ "https://twitter.com/arca", "https://www.linkedin.com/company/arcafinance" ], "telephone" : "(424) 400 7444", "url" : "https://www.ar.ca/" } ``` ```json { "@context" : "http://schema.org", "@type" : "VideoObject", "description" : "Rebecca Rettig, General Counsel of Aave Marc Boiron, General Counsel of dYdX Colleen Sullivan, Co-founder and CEO of CMT Digital Marvin Ammori, CLO at Uniswap Phil Liu, Co-founder and CLO of Arca", "duration" : "PT50M59S", "embedUrl" : "https://www.youtube.com/embed/hTc-kWa9hM8", "interactionCount" : "121", "name" : "Regulation: Clarity on the Horizon", "thumbnailUrl" : "https://i.ytimg.com/vi/hTc-kWa9hM8/default.jpg", "uploadDate" : "2021-05-26T13:29:46Z" } ``` ```json { "@context" : "http://schema.org", "@type" : "VideoObject", "description" : "Andrew Peel, Head of Digital Asset Markets at Morgan Stanley Jennifer Murphy, COO of Western Asset Management Tom Jessop, President of Fidelity Digital Assets Tim Davis, Principal of Deloitte Subhanker Sinha, Head of Blockchain, Digital at BNY Mellon", "duration" : "PT47M54S", "embedUrl" : "https://www.youtube.com/embed/Wx1LEII47iM", "interactionCount" : "242", "name" : "The Current Institutional Adoption Wave", "thumbnailUrl" : "https://i.ytimg.com/vi/Wx1LEII47iM/default.jpg", "uploadDate" : "2021-05-26T15:15:41Z" } ``` ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Organization", "name" : "Ar" }, "dateModified" : "2021-07-12", "datePublished" : "2021-06-28", "description" : "Blockchain commentary and analysis written for sophisticated investors - by professional investors", "headline" : "We Should Appreciate Bitcoin More, but it’s Not Defensive", "image" : "https://f.hubspotusercontent00.net/hub/4536350/hubfs/Thats%20Our%20Two%20Sathoshis%20%2812%29-2.png?width=380&name=Thats%20Our%20Two%20Sathoshis%20%2812%29-2.png", "mainEntityOfPage" : { "@id" : "https://www.ar.ca/blog", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.ar.ca/hs-fs/hubfs/email-sig-logowhite.png?width=102&name=email-sig-logowhite.png" }, "name" : "Market Recap" } } ```