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Feb 11, 2026
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LONG
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"AI can't touch cash. So, I'm pretty sure that AI is going to be using some form of digital asset... Stable coins have emerged as a great way to do payments." As AI agents and bots become autonomous economic actors, they require a medium of exchange. They cannot use physical fiat; therefore, stablecoins will become the native currency for the AI economy, driving massive utility and volume. LONG. Regulatory crackdowns on stablecoin issuers or AI-specific regulations limiting financial autonomy. |
CNBC
BitGo CEO Mike Belshe: The latest bitcoin dow...
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Feb 11, 2026
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LONG
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"Tokenization of real world assets, this is growing like crazy... Black Rock announcing that they plan to tokenize their shares... Uniswap and DeFi being accessed directly from traditional financial players." The convergence of TradFi and DeFi is accelerating. Large institutions (BlackRock) are not just buying crypto but migrating traditional assets (shares) onto blockchains. This benefits the asset issuers (BLK) and the DeFi infrastructure (UNI) facilitating these hybrid markets. LONG. Technical failure in smart contracts or slow institutional adoption rates. |
CNBC
BitGo CEO Mike Belshe: The latest bitcoin dow...
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Feb 11, 2026
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LONG
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"Clarity Act is a complicated bill... There's a lot of folks waiting for clarity to be passed so that they can come into the market still." The passage of the Clarity Act is the catalyst that removes legal ambiguity. Once passed, it unlocks the "waiting" capital from risk-averse institutions, directly benefiting regulated infrastructure providers (custodians, banks, settlement layers) that operate within the US. LONG. The legislation stalling or being watered down, or regulators taking longer than the estimated 12-24 months to define rules. |
CNBC
BitGo CEO Mike Belshe: The latest bitcoin dow...
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Feb 11, 2026
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LONG
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"This is like our fifth, you know, crypto crash... There's a lot of deleveraging that's happening, so then the market can continue to grow." The speaker views the current crash not as a fundamental failure, but as a cyclical "flush" of leverage. Historical patterns suggest that after these deleveraging events, the asset class recovers and expands as the "thesis" remains intact. LONG. Continued regulatory hostility or a failure of the asset class to recover post-deleveraging. |
CNBC
BitGo CEO Mike Belshe: The latest bitcoin dow...
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