Ideas
Bitcoin becomes digital gold, global trade currency.
Bitcoin will eventually function as digital gold/reserve of value as volatility falls and as a neutral global trade currency via second-layer Lightning; it is divisible, portable, and benefits from deglobalization, while institutional adoption by ETFs, sovereign funds, and endowments confirms the long-term thesis. Requires patience and resilience.
Stablecoins disrupt payments versus credit cards.
Stablecoins will work very well for payments, much better than credit card/remittance rails, because they are cheaper for both sides, instant, and reduce fraud; Bitcoin on Lightning could also participate, but stablecoins are likely a key payment vehicle.
Gold supported by central bank buying.
Gold is outperforming because central banks, especially China and Russia, are reducing Treasury holdings and buying gold; gold repatriation signals geopolitical risk, and central bank buying moves prices, bringing second-order buyers. The same debasement/geopolitical trade as Bitcoin, but gold already has central bank demand.
Strategy as Bitcoin bank with huge holdings.
Strategy is accumulating a massive Bitcoin position and positioning to become a Bitcoin bank; if BTC becomes important in global trade, its balance sheet is a major competitive advantage, and it could offer accounts and settle transactions on L2, capturing fees. People who dismiss 1M BTC on balance sheet are misinformed.
Bitcoin reaches 50% of gold market cap.
Bitcoin should reach at least 50% of gold's market cap, implying roughly 10x from current levels and about $500k by 2030 if gold stays flat; the same debasement/geopolitical trade as gold, but BTC is not yet in central bank balance sheets, so it lags and will respond over time.
Uniswap benefits from fee switch.
Uniswap has liquidity/market share and a potential fee switch that could pay token holders; they bought early and see it as a protocol that can generate cash flow once regulatory/securities issues are resolved. It is a bet on DEX market share and future fee capture.
Hyperliquid avoided on interoperability risk.
They like Hyperliquid's product, team, and execution, but avoided investing because it runs on its own blockchain and lacks interoperability; it is easy for competitors to attack, and they fear the winner could be Hyperliquid on Ethereum or Solana. They monitor the asset but avoid it.
Ethena liked but stopped out.
Ethena is a decentralized yield-bearing stablecoin they like, but it suffered badly on Oct 10; they stopped out after a 20-30% drawdown because they have many opportunities and do not fall in love. They still like the concept but are watching.
Ethereum benefits from tokenization and stablecoins.
They are overweight Ethereum again because tokenization is a huge use case; Ethereum leads in stablecoins/DeFi, has the most value locked, and if it scales, its upside is gigantic. They were underweight early due ICO dependence, then increased during DeFi Summer and generated alpha.
Solana shifts from memecoins to payments.
Solana's announced shift away from memecoins toward payments and financing is positive; memecoins hurt retail and drained capital, while payments/financing better fit blockchain advantages. They have traded Solana around cycles and see this as a good move.
Interest-bearing stablecoins are 2026 narrative.
A major interest-bearing stablecoin is likely to launch in 2026; it would let dollars in wallets earn real-time yield, could gamify savings and drive crypto usage, and is a potential game changer. Regulation and bank lobbying are the main hurdles.
This Market Makers video, published January 31, 2026,
features Axel Blikstad, Alexandre Vasarhelyi
discussing BTC, STABLECOINS, GLD, MSTR, UNI, HYPE, ENA, ETH, SOL.
11 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Axel Blikstad,
Alexandre Vasarhelyi
· Tickers:
BTC,
STABLECOINS,
GLD,
MSTR,
UNI,
HYPE,
ENA,
ETH,
SOL
