Bits + Bips: Are Crypto Markets Bottoming, or Is There More Pain Ahead? – Unchained

Bits + Bips: Are Crypto Markets Bottoming, or Is There More Pain Ahead? – Unchained — Transcript

Market views

Bullish

INFRA— Infrastructure plays (metals, waste management, oilfield services) are unsexy but have free cash flow and are positioned to benefit from rotation out of crowded thematic trades.
STABLES— Stablecoins are gaining regulatory clarity with SEC's 2% haircut guidance and are essential for countries with capital controls and failing banking systems.
CRYPTOAI— Crypto infrastructure will be essential for AI agent activity and solving AI-induced problems like document verification.

Bearish

DATS— Digital Asset Trusts are in a death spiral due to fragmented liquidity, poor structure, and buying of locked tokens that shouldn't have been available.
AILABS— AI model companies are overvalued with unrealistic revenue projections and unclear path to profitability, while value will accrue to distribution partners like Apple.
ORCL— Oracle and other software companies lending to data centers are down significantly as market questions AI infrastructure buildout and capital dependency.
VC— Venture capital valuations remain insanely high with companies like Stripe at unrealistic valuations while public comparables trade at massive discounts.

Not investment advice.