Weekly Roundup 01/24/25 (Trump EO, the Stockpile, Ross Free, SAB121 Gone!) (EP.591) – On The Brink with Castle Island

Weekly Roundup 01/24/25 (Trump EO, the Stockpile, Ross Free, SAB121 Gone!) (EP.591) – On The Brink with Castle Island — Transcript

Market views

Bullish

CRYPTOBANKS— Banks are expected to rapidly enter the crypto custody market, particularly for Bitcoin ETFs, following the repeal of SAB 121. Bank of New York Mellon is highlighted as being well-prepared with Fireblocks technology.
BTC— Larry Fink, CEO of BlackRock, suggests Bitcoin could reach $600,000 to $700,000 if it's seen as a speculative store of value or hedge against chaos.
STABLES— A new executive order is expected to promote the growth of regulated, dollar-backed stablecoins, potentially boosting their adoption and use.
SOL— Speculation about CME launching Solana futures and the potential for a Solana ETF in the near future, indicating growing institutional interest in the asset.
XRP— Speculation about CME launching XRP futures and the potential for an XRP ETF in the near future, suggesting increased institutional adoption.

Bearish

CBDC— A new executive order is expected to be hostile towards Central Bank Digital Currencies, potentially prohibiting their issuance or usage in the US.

Not investment advice.