Bits + Bips: Bitcoin Hits $75K as It Starts Catching Up to Gold
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Hey, everyone. Welcome to Bits and Bips where we explore how crypto and macro collide one basis point at a time. I'm your host, Austin Campbell, high scholar of Zero Knowledge Group, here with my cohosts, Ram Alawwalia, maester of wealth, leader of Lumina, and Chris Perkins, the golden hand of CoinFund. We're here to discuss the latest stories in the worlds of crypto and macro, and we have a couple of those to go today. But before we start, just remember that nothing we say here is investment advice. Check unchainedcrypto.com/bits and bips for more disclosures. And before we begin, a quick com
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Alright. So before we get into the macro topics of the world, despite all of the turbulence, the conference circuit continues relentlessly in this space. I know DaaS is coming next week. But, Chris, you were somewhere interesting recently. Do you wanna give us the download on, FIA?
Yeah. So I used to be on the board of FIA, and last week, I attended their annual conference. It's called FIA Boca. It's kind of under the radar for crypto people, but I'm telling you, it's, it's the place to be. And the reason why is that derivatives, as we've talked about, are probably the most important asset I would say in the crypto space. You know, as you're thinking about how's the markets mature. And it's been really weird. Over the years, it's kind of ebbed and flowed with, with with crypto participation. There was a famous brawl, like, literally between the SPF and Terry Duffy a few
here's my, first thought hearing all of that. The prediction markets thing, which I know are a booming topic, you know, in the world writ large. How do you think integration of those markets is ultimately going to play out in The United States? Because to me, it feels like to get that right, we've got to have it under CFTC jurisdiction at the federal level. I think a 50 state framework for this is going to largely brick a lot of these things because the nuance between all of those will be catastrophic. We have enough regulators of financial products. But then the other part is, I would imagine
There's two two things that I think about. The first is around insider trading, and and I think this is an absolute joke. Insider trading is illegal. Always has been, always will be. Sometimes it's hard to quantify. But to the extent that you blatantly use inside information and manipulate markets, you're on the other side of the law. So good luck to you. And the CFTC did put out guidance and they said, guys, let me remind you, insider trading is illegal and we're gonna catch you. So like, to me, that's not even a discussion. Like,
we It's
a random wouldn't you agree, Chris? I I was pitched by a a hedge fund, and I said, what's your edge? I always say, we have friends in DC. Like, what are you kidding me? That's illegal. So I agree. Think you're saying it's right. But by the way, this this fund was run by, some 20 year old kids. They have no idea what they're doing.
Well, I think, you know, what's up? What d
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