Hivemind: State of The Market, Hyperliquid, Plasma & Tether's $500B Valuation
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Nothing set on the hive mind as 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 advice. Hi, everyone, and welcome to another episode of the Hive Mind podcast. The goal of the podcast is provide an inside look into what we like to call the Delphi hive mind, bringing together some of our brightest minds from each of the divisions to share insights, alpha, and shitposts. Today with us, we have the usual cast, Cedros Parabas from Research, Jan Lie
Yeah. No. I I took off some perps going into it just because I like it it it would be too much of a mental burden, but but I've kind of redeployed since. Yeah. And I'm pretty long. I think the like, the setup is is really strong, right, going into year end. And I think the biggest concerns are basically that that crypto hasn't been following. I think, you know, the bulls see this as they're being somewhat of a a lag and and a catch up trade opportunity, particularly with kind of how gold's doing. And then the bears are saying, you know, cycle's kind of over if we're seeing the bid elsewhere an
It feels like it's basically impossible for the market to go down when the CapEx spend is this high. Like, how are we supposed to have a recession when it's, like, we're doing the largest infrastructure build out ever, and it's, like, the government's backing it. It's literally an arms race for AI. So I just feel like, how are we supposed to have a recession during that? I feel like I'm, like, insanely bullish over the next four years. But, like, obviously, there's gonna be pockets of, like, bad pullbacks. But
Yeah. I'm I'm with you. I think that I think the calls for, like, AI bubble are are pretty mid, honestly.
Well, no. It'll it'll happen. It's just too early.
No. No. I think I think bubbles inevitably inevitably happen. Like, expectations can always get ahead of fundamentals, but the fundamentals are just so strong. You're
hyped right now. I think AI is actually underhyped. AI and robotics, when you combine those two things, they're underhyped.
Yeah. But you can have, you can have we might not get a recession for a while, but you can see unemployment tick up a lot.
Oh my god, cetters, who cares? It's straight up into the right. I'm like, the next four years, I think as long as there's not a war, we're gonna be really buzzing. The one thing on like crypto specific stuff is these sold ads have been a fucking flop, unfortunately. They're trading like zero volume. So they need to go get those up. And there's also been like an insane leverage build up into them. So I'm kind of worried about Ethan's soul, just because there's so much leverage in the system. But if
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