Bits + Bips: Why ETH Is Soaring and How Long The Rally Can Continue - Ep. 886
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It's a flow story. The the Genius Ag, the stablecoins, the fact that ETH is basically what is used. This is the narrative. ETH is being used for securing x amount of dollars on on on chain. I think it's a great narrative, but it's it's not really what drives the price. And that being said, I don't see any reason for these to stop, at least not just yet. I think it has at least a few more months of of very high flows.
Hi, everyone. Welcome to bits and bits, exploring how crypto and macro collide one basis point at a time. Today, we're gonna talk about ETH partying like it's December 2021. Bitcoin trying to set a new all time high. A a bunch of additional crypto treasury news, including some firms branching out into new tokens, a renewed, Chinese trading truce, and, what to expect from the the big CPI print that's coming tomorrow. But first, a few quick intros. I'm your host, Steve Ehrlich, high scribe of the Ancient Kingdom, and I'm here with, two of our regulars. First, Alex Kruger, Kruger Macro of house o
Hi, everyone.
Ram Alawwalia, maester wealth leader of Lumida. And today, we are joined by our special guest, Sid Powell, high chancellor of Maple Finance. So welcome, Sid.
Thanks, Steve. Glad to be here.
Why don't you, Sid, just for a brief moment introduce yourself and what you do at Maple?
Yeah. For sure. So for those who don't know me and Maple, I'm the CEO and cofounder of Maple Finance. We are an on chain asset manager with a particular focus on credit, lending, and yield. So Maple's Maple's core product is we do over collateralized loans to institutional borrowers. And on the other side of that, we, you know, we provide a yield in stablecoins and then more recently in BTC. But, Maple's been around for about five years. We run three point, 3,200,000,000.0 AUM, and we've got a line book of now over a billion dollars.
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Great. So we have a lot to talk about today. We're gonna cover all these big topics, but as always, nothing that we say is financial or investment advice. For additional disclaimers, please check out unchainedcrypto.com backslash bits of bips. So we are talking right before we began rolling. It's a really good timing for today's show. OWE, Eric Trump right now. ETH is I I think that ETH may have hit as high as 4,300 today, perhaps a a little over. Bitcoin was clawing at trying to get back to a 123,000, and it kinda reminds me of that theme song from the LEGO movie, everything is awesome. I I w
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