O BITCOIN QUEBROU? O QUE OS GIGANTES ESTÃO ESCONDENDO! | Crypto Never Sleeps #61

Summary

The episode examines why Bitcoin is down 50% from its all-time high while the S&P 500 and AI stocks are at records. Head of crypto research at BTG Pactual, Matheus Parizotto, argues that negative news is no longer dragging Bitcoin lower, signaling a potential bottom. He highlights Hyper Liquid’s potential to surpass Ethereum and makes a value case for old DeFi tokens like Uniswap, Aave, and Sky, which now trade at attractive multiples. The conversation also covers regulatory uncertainty, quantum computing risk, and the future convergence of AI and crypto.

• Bitcoin has underperformed amid negative sentiment, but prices holding the $60,000 level indicate bad news may be priced in.
• Matheus Parizotto sees divergence as a sign of limited downside and a favorable risk/reward for long positions.
• Hyper Liquid is praised for its derivatives dominance and expanding Hyper VM, with a path to become the #2 crypto asset.
• Old DeFi protocols (Uniswap, Aave, Sky) are highlighted as deeply undervalued, with real revenue, no vesting overhang, and active buybacks.
• Regulatory delays like the GENIUS Act matter less for major cryptos, but smaller tokens suffer from uncertainty around value capture.
• Quantum computing is a material long-term risk to Bitcoin (especially Satoshi’s coins), though large firms are working on solutions.
• AI and crypto are expected to converge, with AI agents transacting on blockchain infrastructure.
• Retail flows are cyclical and driven by price; a new uptrend will likely bring speculative interest back.