DeepSeek’s Impact, the JellyJelly Launch, and Crypto Payments | Roundup

Bullish

• $PERMISSIONLESS— Michael believes that open and permissionless blockchain systems will dominate in the long run, coexisting with other systems for a while, with all underpinned by blockchain technology.

  • “My bet is that the open and permissionless world will will kind of take over over the long run. But for a while, live in in, you know, parallel. And all of it's gonna be underpinned by blockchain.”

    Michael·1:05:19Hear it
• $TRADFI— Michael sees potential for traditional banks to leverage crypto, particularly in offering crypto-backed loans and using stablecoins for international payments, due to their lower cost of capital and existing infrastructure.

  • “What banks are also perfectly positioned to do is give loans against crypto, and they're gonna have a lower cost of capital than any other provider. So if you wanna put your Bitcoin in your JPMorgan account and borrow against it, I'm sure they're gonna have a product to be able to do that.”

    Michael·57:38Hear it

  • “Payments is gonna be the thing that happens first. And banks, are gonna look at crypto and be like, well, we can just build an international payments network with this. And Stablecoins is a great mechanism for doing that.”

    Michael·56:33Hear it
• $STABLES— Michael sees stablecoins as a promising mechanism for banks to build international payment networks using crypto technology.

  • “Payments is gonna be the thing that happens first. And banks, are gonna look at crypto and be like, well, we can just build an international payments network with this. And Stablecoins is a great mechanism for doing that.”

    Michael·56:33Hear it

Not investment advice.