Weekly Roundup 11/15/24 (Congressional agenda, FTX vs Binance, Polymarket raid) (EP.575)

Bullish:

• $SEASIA - Southeast Asia is seen as the global epicenter of crypto adoption, suggesting significant growth potential in the region's crypto market.

  • “I mean, southeast Asia is actually the global epicenter of crypto adoption.”

    Nic·7:25
• $FAIRSHAKE - Fair Shake, a crypto-focused political action group, is believed to have significant influence on political races, particularly in Ohio and other states.

  • “And the quantum of capital that crypto brought to bear, which based on some of my conversations in DC this week, I know for sure that influenced some of these races, not just Ohio.”

    Nic·22:55
• $CEFI - Traditional banks are eager to enter the crypto space, suggesting potential growth in crypto banking services once regulatory barriers are removed.

  • “The banks want to do crypto. They're raring to get involved. They have been hamstrung.”

    Nic·39:46
• $BK - Bank of New York Mellon is expected to outperform other banks in the crypto custody space, potentially becoming a market leader.

  • “Bank of New York Mellon is going to crush these other banks.”

    Matt·39:32
• $STABLES - The stablecoin sector is expected to experience significant growth once banks can fully participate, assuming favorable legislation.

  • “Once they do, I mean, the stablecoin sector is gonna explode assuming it's, you know, largely untouched by legislation.”

    Nic·40:23
• $BTC - Bitcoin is projected to potentially reach $500k-$900k per coin in the next decade, indicating a long-term bullish outlook.

  • “I think it could happen in the next decade.”

    Nic·42:22