Bits + Bips: What’s Really Driving Bitcoin—and Who’s Driving Crypto Onchain? - Ep. 919

Bits + Bips: What’s Really Driving Bitcoin—and Who’s Driving Crypto Onchain? - Ep. 919 – Unchained

Bullish:

$FINANCIALS - Banks expected to crush earnings in upcoming reporting season due to strong consumer and deregulatory backdrop
$BTC - Get long Bitcoin using moderate leverage in dollar-denominated terms as a play against dollar debasement
$WFC - Wells Fargo positioned well as leading mortgage originator benefiting from refinancing activity
$DEFI - DeFi expected to be the next growth area with actively managed strategies being tokenized
$PERPDEX - Perpetual DEXs seeing strong appreciation with 3-4x gains from pre-Asia conference levels
$PRIVACY - Privacy tokens emerging as overlooked narrative with significant gains, Zcash up from $40 to $160
$BNB - BNB viewed as quasi-equity ownership in Binance's future, fifth biggest token globally

Bearish:

$DEFI - Warning about excessive leverage in DeFi protocols likely to cause next market unwind when risks become apparent
$CIRCLE - Concerns about Circle's long-term revenue retention and competitive threats from tech giants entering stablecoins
$QUANTUM - Market participants waiting to short quantum stocks viewed as overvalued with questionable fundamentals
$USDJPY - Dollar strengthening contrary to debasement narrative, suggesting short yen versus dollar