Bitcoin Above $100k, Is Alt Season Here?
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We haven't really talked that much about altcoins more broadly in a very long time, and now I'm a lot more bullish on altcoins. Same. Based on the weird products that are now coming out that people are investing in on the public markets, there is clear appetite. For
real businesses.
The these things could rerate, like, three x in the next three months.
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Welcome back to another ThousandX podcast. It has been an eventful week. A lot of stuff going on, both in the TradFi world and the crypto world. You know, Bitcoin's trading at a we're we're recording this. Bitcoin has just peaked up above a hundred 7,000, which is insane because it feels like there's just not that much euphoria in the markets, and Bitcoin's, like, touching all time highs. Equities are not at their all time highs, which is another another great sign. And, honestly, things are just looking good, across the board. You know, I'm feeling I'm feeling very confident that we see, you
don't know. What what are
you thinking, Jonah? I
think so too. The only thing that worries me is, like, I'm just, you know, looking over here at my Velo dashboard. The only concerning thing is that when I look at Bitcoin funding, it's it's getting expensive. Right? Like, funding on Derabit is 40%. Funding rate on Hyper Liquid, which is where all the degens trade is 11%. This is not cheap. Right? Like, if you wanna get levered long Bitcoin, you gotta pay up, which means that a lot of people are getting levered long on the highs. Never a good sign. That said, aside from this being kind of a crowded trade and, you know, crowded by by who? Degen
Let's, Yeah. Let's
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