ROLLUP: Bitcoin Dominance Hits 66% | Circle IPO 10x | Robinhood Flips Coin? | Kalshi vs Polymarket
Episode publishedPodcast: BanklessBankless
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Welcome, Bangs Destination, to the Friday weekly roll up. My co host, Ryan Sean Adams, is out for the week hanging out with his family, and we are tapping in Tom Schmidt from Dragonfly in to replace him. Tom, how are you doing, my man? Good.
Thanks for, having me. I was just saying, this is like a nice, crossover app. Like, you came on the chopping block a couple weeks ago. Now I'm on Bankless. Right
now you're here. Yeah. You know, the the podcasts are just cycling through other podcasters. Eventually, we'll have your own experience. Yeah. Exactly. Everyone should just get into one big podcast, and we'll have one room. We'll
see how
it goes. Overall, before we get into the the news of the week, which was a pretty light week, I'll call it. We have the call she raise. We have some markets to talk about. Nothing too big this week. So so in order to kinda kick things off, I kinda want us to get your vibe check, about the state of crypto because we are going from one half of the year to the other. It is June 26 at the time of recording, so we're finishing the first half entering the second half of the year. I remember general sentiment. I don't know what your market take was going into this year, but general consensus was roug
I, I feel like whenever there's some macro chaos, some geopolitical chaos, then it's always taking the the driver's seat, and crypto is always sort of, secondary. And feels like, you know, this week, we were kind of covering from a lot of the geopolitical craziness for the past couple weeks. But, yeah, it's been quiet. I think, permissionless was taking place in New York. A lot of people were in town talking about that. But also there's a lot of focus on equities. And I feel like, you know, we'll talk a little bit about that, which has been kind of bizarre. It feels like a very much a reversal
Yeah. Yeah. Just zooming in on the Bitcoin price, we are up 3% on the week to 107,500, and ETH price is down three percent on the week. So a little bit a little bit of divergence between the two majors. But overall, Bitcoin I guess, if we zoom out to the three month mark, we're up a pretty substantial amount coming to up from $80,000 to almost a $110,000. We did hit that, $111,000 in May. So we are kinda ranging between this 110, a $100,000. Are you bullish? Are you, like, eagerly awaiting the breakthrough of new all time highs, or are you more patient? How
I mean, how can you not be bullish? Like, every week, I feel like you read a headline that would have been totally unbelievable, five years ago, let alone ten years ago, in just in terms of interest, traction, adoption in the space. Even now, I mean, we, you know, bemoan, oh, Bitcoin's down to a $100,000. Kind of insane. Mhmm. It was actually, like, a CZ tweet from 2020 or maybe 2019 even joking about this fact that, like, hey, in five years, we'll be complaining about Bitcoin dropping to a $100,000. And here we are, then here we are. Yeah.
Now I don't want to pin you down to anything specific because I know that's just not how markets work. But I'm generally feeling that you are in the camp. Bitcoin is currently edging, and we are looking through an all time we're looking for an all time high. Yeah.
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