What Happened To Joyful June?

Bullish:

• $BTC - Bitcoin is seen as a highly attractive investment opportunity despite being a consensus trade, with strong odds and high liquidity.

  • “I think it the odds are so much better in Bitcoin and hyperliquid. It feels it's the only problem with that trade is that it's totally consensus, but it's such a good trade.”

    Jonah·53:50
• $HYPERLIQUID - Hyperliquid is mentioned alongside Bitcoin as having good investment odds, suggesting it's viewed as a promising opportunity.

  • “I think it the odds are so much better in Bitcoin and hyperliquid. It feels it's the only problem with that trade is that it's totally consensus, but it's such a good trade.”

    Jonah·53:50
• $COIN - Coinbase is viewed as a legitimate business with strong financials, diverse operations, and real value compared to other crypto companies.

  • “Coinbase's EBITDA is close to a billion. They're a custody solution, an exchange, an l two. Like, coin Coinbase is a a real business.”

    Jonah·44:11
• $COMMODITIES - Tokenized commodities are seen as a potential game-changer in the crypto market, with the ability to disrupt traditional commodity trading monopolies.

  • “I think tokenized commodities are the real, grand slam when somebody can eventually bring the perpetual future to markets like crude oil and break that monopoly or duopoly that ICE and CME have.”

    Jonah·48:40

Bearish:

• $CIRCLE - Circle is viewed skeptically as overvalued, with its business model described as a simple funding arbitrage rather than a substantial operation.

  • “Circle is literally just like a it's like a funding arb. I don't I don't get it, Avi. This is crazy.”

    Jonah·44:33