Crypto Winter Rolls On, Bitcoin Slides After Slow Start to Week | Bloomberg Crypto 2/10/2026

Summary

Bloomberg Crypto covers the ongoing crypto winter, with Bitcoin under pressure and sentiment bearish after a steep drawdown from October highs. Guests debate whether the selloff is a buying opportunity for long-term holders or a macro-driven pullback, and they highlight structural changes from ETF and institutional ownership. The show also covers prediction-market growth and regulatory needs, PayPal's competitive struggles, and Pantera's focus on stablecoins, tokenization, prediction markets, and crypto venture opportunities.

• Bitcoin remains under pressure with defensive derivatives positioning and spot ETF assets well below October peaks.
• Gracy Chen sees current weakness as a buying opportunity for a three-year horizon and expects Bitcoin to catch up to gold and silver on macro liquidity.
• David Marcus remains a long-term Bitcoin bull, prefers Bitcoin over gold for reserves, and criticizes PayPal's management and competitive position.
• Prediction markets are growing rapidly, attracting market makers like Jump Trading, but face state regulatory, tax, and pricing-infrastructure questions.
• Kaiko's Adam Morgan McCarthy says prediction-market infrastructure is immature and may need regulated independent price providers.
• Katrina Paglia says Pantera focuses on stablecoins, tokenization/RWA, and prediction markets, and views the downturn as a less volatile macro pullback.
• Other headlines include Sam Bankman-Fried's new-trial request and midday moves in Robinhood, Spotify, Marriott, and media M&A.