Dmitry Tokarev 5.0 2 ideas

Speaker is "pretty bullish" on the "big three" including "Bitcoin soul." He notes the realized price (global average cost basis) is ~$56k and that Bitcoin historically doesn't dip far below this level. He also bought Bitcoin when it dipped into the $60ks, feeling it was a bottom. The realized price acts as a strong historical support level. Market participants are psychologically bad at realizing paper losses, making a sustained drop below this average cost basis statistically unlikely based on past cycles. LONG. The combination of a key technical metric (realized price) providing support, contrarian buying at perceived lows, and his overarching bullish market view indicates a positive outlook. A macro shock or regulatory event that breaks the historical pattern of the realized price acting as support.

Speaker is "super bullish on canton" because "when Wall Street is... writing daml you kind of like don't really need to know more." He notes Daml engineers are already at banks writing code, implying deep, real integration. Canton's technology (Daml) has achieved deep, technical integration within major financial institutions (Wall Street banks). This isn't theoretical partnership talk but actual engineering work, signaling a high probability of future large-scale, production-grade adoption for on-chain traditional finance. LONG. The depth of existing integration within the incumbent financial system provides a tangible moat and a clear path to significant adoption and value accrual as traditional assets move on-chain. Slow time to market or failure of bank-led projects to reach production scale, delaying Canton's growth and adoption timeline.