$TREASURIES - 24/7 treasury trading is coming with strong client demand, representing a major shift in how treasuries will be traded globally
$BTC - Bitcoin has matured into an institutional-grade high quality liquid asset, comparable to treasuries for lending and collateral purposes
$TRADFI - Traditional finance adoption of crypto technologies will accelerate dramatically this year, surprising market participants
$STABLES - Institutional FOMO is building around stablecoins as firms realize the lucrative treasury yield model that major networks like USDC and USDT have captured
Bearish:
$WRAPPED - Wrapped tokens have structural disadvantages including counterparty and liquidity risks while maintaining all the frictions of real securities, making them obsolete
$PYUSD - PayPal's stablecoin has failed to gain traction despite strong brand and distribution, with USDC dominating the market