Upcoming Bull Market…What Are the Criteria for Victory or Defeat in Bitcoin-Related Stocks? | Baek Hun-jong, SmashFi CEO [Crypto PLUS]

Watch on YouTube ↗  |  July 27, 2026 at 03:48  |  31:00  |  3PRO TV (삼프로TV)
Speakers
Baek Hoon-jong — CEO, SmashFi

Summary

Baek Hun-jong, CEO of SmashFi, discusses the outlook for Bitcoin and Bitcoin-related stocks ahead of the next bull market. He explains why Bitcoin will rise, why Strategy (MSTR) and Metaplanet are top picks, and how exchanges like Coinbase and Robinhood will benefit. He also warns about risks from leveraged treasury companies and shifting from pure leverage to cash-flow-based Bitcoin accumulation.

  • Bitcoin shows relative strength as AI stocks fall, attracting rotation money.
  • Next bull cycle expected in 2027–2029, Bitcoin price to rise as fiat expands.
  • Strategy (MSTR) remains leader with largest Bitcoin holdings, new perpetual preferred stock reduces risk.
  • Metaplanet emerges as a strong contender after acquiring a securities firm, creating a fee-based revenue model.
  • Small Bitcoin treasury companies that used convertible bonds face liquidity crises and forced Bitcoin sales.
  • New trend combines Bitcoin accumulation with stable cash flows (mining, lending) to mitigate duration risk.
  • Exchanges like Coinbase and Robinhood will benefit from transaction fee revenue during the bull market.
  • Korean DAT companies struggle due to conservative capital markets and excessive shareholder dilution.
Ideas
Baek Hoon-jong CEO, SmashFi 0:39
Bitcoin will rise in next cycle.
Bitcoin price will rise in the next bull cycle as fiat currency expands infinitely, making scarce assets more valuable. The current macro environment is not positive, but overvalued AI and defense stocks are rotating money into Bitcoin, providing buying opportunities during this temporary downturn.
BTC MED
Baek Hoon-jong CEO, SmashFi 8:13
MSTR leads with largest Bitcoin holdings.
Strategy (MSTR) holds the most Bitcoin among all treasury companies and will attract the most capital when the Bitcoin bull market returns. The market is overly fearful about its NAV dipping below 1, but the company has improved its capital structure by issuing perpetual preferred stock to reduce duration risk, making it the clear leader.
MSTR HIGH
Baek Hoon-jong CEO, SmashFi 26:09
Metaplanet has ideal Bitcoin treasury model.
Metaplanet is second in Bitcoin holdings and has acquired a securities firm, creating a perfect business model to generate fee revenue from products like ETFs and offer Bitcoin-linked tokens. This cash-flow engine makes it a strong contender for the next bull market.
3350.T HIGH
Baek Hoon-jong CEO, SmashFi 29:46
Robinhood gains from crypto bull fees.
Robinhood is innovating with AI crypto trading services and will also benefit from fee-based revenue, positioning itself for the next bull market.
HOOD MED
Baek Hoon-jong CEO, SmashFi 29:46
Coinbase benefits from fee income in bull.
Large exchanges like Coinbase will benefit from transaction fee revenue during the next crypto bull market as the industry concentrates among a few top players, making Coinbase a solid investment.
COIN MED
Up Next
6:07:11
[July 27, 26 AM Broadcast Full View] New York Stock Market Mixed Close Amid Semiconductor-Focused Selling... Impact of 'San Francisco AI Declaration'?
3PRO TV (삼프로TV) · Jul 27
32:58
Bitcoin's Fate, This Week's FOMC Decides | Park Sang-hyuk, Digital Asset Editor-in-Chief [Crypto PLUS]
3PRO TV (삼프로TV) · Jul 27
54:31
Volatility', when will it stabilize? What are the key points for the big event week? | So Jin-woong, Yeo Do-eun, Heo Jae-mu [Morning N Investment]
3PRO TV (삼프로TV) · Jul 27
20:17
AI Summit, 1400 Trillion Won Semiconductor Cooperation Announced… The Real Reason Why Good News Isn't Working / What Happens If NVIDIA Becomes Naver's 3rd Largest Shareholder | Lee Gwon-hui CEO
815 Money Talk (815머니톡) · Jul 27
23:01
The Most Concerning Part of Semiconductors Is 'This Part' | So Hyeon-cheol, Adjunct Professor at Sangji University [Double Up]
3PRO TV (삼프로TV) · Jul 27

This 3PRO TV (삼프로TV) video, published July 27, 2026, features Baek Hoon-jong discussing BTC, MSTR, 3350.T, HOOD, COIN. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Baek Hoon-jong  · Tickers: BTC, MSTR, 3350.T, HOOD, COIN