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

Mentioned

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

Not investment advice.