Have We Topped, Aster vs Hyperliquid & Tether's $500B Valuation | Weekly Roundup

Bullish

• $BTC— Bitcoin is a core holding in a consolidated portfolio during a frothy market, viewed as one of the safer crypto assets worth holding long-term

  • “I'm I'm really only holding six different coins now, which is Bitcoin, ETH, SOL, Hyperliquid, Avalanche and Ripple, actually.”

    Jason·6:32Hear it
• $WU— Western Union is deeply undervalued at 2x P/E with an enduring moat despite crypto disruption fears, representing a contrarian value play

  • “Western Union at two times PE, that business is not going to that Western Union will not go out of business.”

    Santi·52:49Hear it

Bearish

• $ALTS— Altcoins beyond Bitcoin face uncertain long-term viability, with a 10-year investment horizon suggesting consolidation into safer assets

  • “I'm now because of Inversion taking a super long term view on things that I just want to literally wake up in 10 and say, okay, is this thing going to persist? And there is a durable stuff here. Other than Bitcoin, I don't know. I honestly don't know.”

    Santi·21:39Hear it
• $GEMINI— Gemini is unprofitable with negative 33x EV/EBITDA ratio despite a $3 billion market cap, exemplifying market frothiness

  • “Gemini is trading at $3,000,000,000 market cap with a EV to EBITDA ratio of negative 33 x.”

    Jason·47:52Hear it
• $BITGO— BitGo struggles to justify even a $1 billion valuation with only $15 million annualized EBITDA, appearing significantly overvalued

  • “This might be the smallest. What was Gemini's smallest IPO of the crypto names that have gone public?”

    Santi·46:58Hear it

Not investment advice.