Why Pandl Calls Gold and Bitcoin Buys Here

Zach Pandl explains that the recent gold and Bitcoin dips were driven by speculative flows rotating out, not by fundamentals. He sees both as buys for longer-term investors because the deficit-and-debt thesis remains intact. He also highlights DeFi revenue tokens as a timely opportunity, pointing to Hyperliquid’s clear business model and Grayscale’s DCF-based price target on Aave. - Gold and Bitcoin see speculative washouts, not fundamental breakdown - Strong deficit-and-debt backdrop supports both assets long term - Zach Pandl calls gold and Bitcoin buys for longer-horizon investors - Regulatory clarity is unlocking revenue-focused crypto narratives - Hyperliquid is a proof-of-concept with revenue returned to token holders - Grayscale published a discounted cash flow price target on Aave - Diversified DeFi revenue baskets may be a good fit now