Hivemind: Does Bitcoin Have More Fuel to Run?
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And I'm just wondering, like, where does the fuel for hire come from if we've gotten all these really good headlines right now? Obviously, in the short, like, the short term. Right? Like, I I I I do think Bitcoin goes to new all time highs in the back half of the year. But, like, at this point, like, I feel like we've kind of exhausted a lot of the really good fuel for higher. And, I mean, like, we did go higher. We went from 74 to 95 in the span of a week and a half, two weeks, which is, you know, a a really strong
move. Nothing said on the hive mind is a recommendation to buy or sell securities or tokens. This podcast is strictly for informational purposes only, and any views expressed by anyone on the show are solely our own opinions, not financial
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Hello, everybody, and welcome back to another episode of the Hive My Podcast. Jose is away today, so I'm doing the intro. Of course, I am Cedars, head of research at Delphi. We are with Duncan, Flood Capital, whatever, Altcoin, Gem Hunter, Yon, Delphi Ventures, and Jason joining us from the research team. He leads markets, and he's been on the pod a few times. So, yeah, I think getting into it, we'll just kinda start how we always do, talking about overall market vibes. It's Wednesday, April 30, '10 '30 '8 Eastern time. I think the market's kinda dumped this morning on that negative GDP print.
Trump tweeted this morning, this is Biden's stock market. Yeah. And then there's that meme of, like, yeah, Trump being like, this is a good time to buy, and it's like the person smiling, and then it's like Biden's stock market. And then it's like, oh, no. What does that mean? Is that foreshadowing something? I
don't think so. I think it's more just trying to shift blame for the pain. GDP print is definitely Biden's administration. Like, the the impacts of of kind of, tariffs wouldn't really have factored into this print that much. Yeah.
I feel like the market's rallied a lot. It's, like, almost back to, like, levels pre liberation day or, like, near then, but I don't feel like a ton of stuff has changed. I guess, like, that that's the biggest other than, like I guess, like, Trump's admin seems more willing to make deals. Other than that, like, they they seem more eager to make deals.
Alts haven't rebounded as much. It's definitely been a Bitcoin led.
Yeah. I mean, Bitcoin and, like, stocks aren't aren't down that much from from that level. I guess, like, the risk is because I've been watching, like, the stuff like China's been putting out from, like, their state media channels. And if they, like, wanna slow play things or are, like, not super gung ho about making a deal instantly, I wonder if if they will, like, try and do that to to get leverage on on The US to make a better deal. I feel like that's, like, the big bear case. If, like, China actually has some say versus, like, everyone's just kind of assuming it's whatever Trump wants at t
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