Omkar Godbole

Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai. He previously worked at FXStreet and Mumbai-based brokerage house as an FX analyst and holds a master's degree in Finance. Omkar has shown a consistent pro-Bitcoin bias in his reporting, which could potentially influence his coverage of the cryptocurrency market. He also holds small amounts of Bitcoin, Ether, BitTorrent, Tron and Dot. In addition to this potential conflict of interest, he has made contradictory statements regarding funding rates in the perpetual futures market for Bitcoin.

61%

The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

85%

Examples:

  • Omkar Godbole has shown a consistent pro-Bitcoin bias in his reporting. In the first article, he quotes John Glover, chief investment officer at Ledn, who suggests that Bitcoin's price could drop back to $40,000 due to market deleveraging. This quote indicates a bearish view on Bitcoin's short-term prospects.

Conflicts of Interest

50%

Examples:

  • Omkar Godbole holds small amounts of Bitcoin, Ether, BitTorrent, Tron and Dot. This could potentially influence his reporting on these cryptocurrencies.

Contradictions

85%

Examples:

  • In the first article, Omkar Godbole states that funding rates have normalized after Bitcoin's overnight pullback from record highs. However, this claim is contradicted by earlier statements in the same article indicating that funding rates surged above 100% early this week due to strong bullish momentum and leveraged products being used to maximize gains.

Deceptions

42%

Examples:

  • In the first article, Omkar Godbole claims that funding rates have normalized after Bitcoin's overnight pullback from record highs. However, this claim is deceptive because funding rates were previously at triple-digit figures observed a few days ago, indicating overheating in the perpetual futures market.

Recent Articles

Bitcoin and Gold Reach Record Highs on Same Day: What Does it Mean for Investors?

Bitcoin and Gold Reach Record Highs on Same Day: What Does it Mean for Investors?

Broke On: Wednesday, 06 March 2024 On March 6th, Bitcoin and gold reached record highs for different reasons. While gold has been a haven store of value for millennia, its role beyond pure speculation is hotly contested. Meanwhile, Bitcoin's twin peaks are seen as an indication that it may be gaining acceptance in mainstream finance and investment circles.
China's Slumping Stock Market: Government to Stabilize with $278 Billion Fund

China's Slumping Stock Market: Government to Stabilize with $278 Billion Fund

Broke On: Wednesday, 31 January 2024 China's stock market is slumping, and the government has allocated $278 billion from offshore accounts of state-owned enterprises to stabilize it. This will be used to buy shares onshore through the Hong Kong exchange link using Chinese policymakers' local funds that would be invested into onshore shares through China Securities Finance Corp. or Central Huijin Investment Ltd.