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Feb 13
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LONG
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Scott Bessent
Treasury Secretary
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Bessent acknowledges the current sell-off (noting a historical 58% average drawdown) but reiterates the goal to make the US the "digital asset capital of the world" and pushes for the "Clarity bill." The Treasury Secretary is framing the current volatility as a standard cycle feature ("self-induced") rather than a structural failure. His push for legislation (Clarity bill) indicates a regulatory floor is being built, which is historically bullish for institutional adoption. LONG Bitcoin and Crypto Infrastructure on volatility. Failure of the Clarity bill to pass or continued "bad actor" behavior in the space. |
CNBC
Squawk Pod: AT&T CEO John Stankey & Treasury ...
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Feb 11
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LONG
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Vlad Tenev
CEO, Robinhood
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"We announced the test net of Robinhood chain, which we intend to be the world's number one chain for trading real world assets... we see a world where crypto and TradFi increasingly convergent." Robinhood is not just acting as an exchange but building the *layer* (L1/L2) for asset tokenization. If they succeed in becoming the settlement layer for tokenized stocks or treasuries, they capture infrastructure fees, not just transaction fees. LONG. Bullish on the RWA narrative and infrastructure plays facilitating TradFi/Crypto convergence. Regulatory rejection of tokenized securities; failure of the Robinhood Chain to gain developer traction. |
Bloomberg Markets
Robinhood CEO Still 'Tremendously' Bullish on...
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Feb 10
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LONG
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Changpeng Zhao
Founder & Former CEO, Binance
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CZ states the Biden administration "declared war on crypto" and was "hostile," but the new incoming administration represents a "180-degree change." He notes that for the US to be the crypto capital, it cannot exclude the largest players. The regulatory headwinds that suppressed crypto valuations and stifled US-based innovation are turning into tailwinds. A friendly DOJ/SEC environment reduces legal risk premiums for major assets and US-domiciled exchanges. LONG. The removal of existential regulatory threat is a massive repricing event for the entire sector. The new administration fails to pass concrete legislative frameworks; regulatory clarity takes longer than anticipated. |
All-In Podcast
Binance CEO: 4 Months in Prison, $4 Billion F...
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