Crypto is in TROUBLE.. and only ONE THING can save it. (LIVE) - Interview w/ Thiccy at 4:45PM EST
Watch on YouTube ↗  |  February 02, 2026 at 23:53 UTC  |  2:59:53  |  Thread Guy
Speakers
ThreadGuy — Host / Crypto Commentator
Thiccy — Trader / Former HFT Quant

Summary

  • The "Easy Money" era of 2021 was a historical anomaly caused by zero interest rates, stimulus checks, and a lack of competing technologies; that specific setup is unlikely to return.
  • Bitcoin has transitioned from a neutral "store of value" to a "Trump/America Proxy," causing it to lose the debasement trade to Gold and Silver, particularly among Eastern/Chinese investors fleeing the Yuan.
  • The "K-Shaped Economy" is accelerating, where asset owners win and labor loses; the market is currently rewarding "Internet Capital Markets" (gambling/speculation) over traditional value investing.
  • The "Onchain" crypto game (memecoins/alts) is currently "solved" and overly extractive; without a new influx of unsophisticated capital (which is currently flowing to AI, not crypto), 1000x returns in alts are unlikely.
Trade Ideas
Ticker Direction Speaker Thesis Time
LONG Thiccy
Quant Trader / Former HFT Quant
Thiccy argues that a bull market requires a "new cohort of unsophisticated masses with capital." Currently, that capital is in Web2 AI (VCs and startups with inflated valuations). Crypto 2021 was fueled by stimulus checks; the current mania is fueled by AI speculation. The "dumb money" is chasing AI startups and infrastructure, making it the current venue for bubble-like returns. LONG. Follow the flow of unsophisticated capital. The AI bubble bursts or fails to deliver revenue commensurate with valuations.
LONG Thread Guy
Crypto influencer, independent
ThreadGuy states that Robinhood is "getting destroyed" and down significantly from ATHs, while Hyperliquid is capturing market share. Hyperliquid is successfully vampire-attacking traditional fintech by offering trading on assets people actually want (including metals and prediction markets) with better user experience. It is becoming the "winner take all" of the perp dex sector. LONG. It is displacing legacy retail trading venues. Regulatory crackdowns on decentralized derivatives platforms. 18:40
AVOID Thiccy
Quant Trader / Former HFT Quant
Thiccy states the onchain game is "solved" and "too efficient" at extracting value from retail. In 2021, the game was new. Now, sophisticated actors use bots and tools to extract value instantly. Without a fresh influx of retail "fish," the ecosystem is purely PvP (Player vs Player) with diminishing returns. AVOID. The risk/reward is poor compared to 2021; the "easy money" phase is over. A sudden new mechanism (like a new DeFi summer) reinvents the game and attracts fresh retail liquidity. 63:46
BTC
NEUTRAL Thiccy
Quant Trader / Former HFT Quant
Bitcoin has underperformed despite global instability and debasement fears. Thiccy suggests BTC might have been merely an "alarm bell" for fiat issues that has now served its purpose. If BTC is viewed as an asset of the "American Elite" or the Trump administration, it loses its value proposition as a neutral, censorship-resistant bearer asset for the rest of the world. NEUTRAL. It is struggling to find a narrative identity between "Digital Gold" and "Tech Stock Beta." Sovereign adoption (Strategic Reserve) or a massive shift in Western institutional allocation could reignite the bull case. 7:53
ZEC /XMR
LONG Thread Guy
Crypto influencer, independent
ThreadGuy identifies privacy as the "most underpriced narrative in the world," noting the sector is worth only $15-20B. As geopolitical unrest and surveillance increase (Epstein files, K-shaped control), the fundamental need for private transactions grows. These assets likely trade as a high-beta proxy to Bitcoin but with higher asymmetry due to low valuations. LONG. A contrarian bet on the necessity of privacy in a surveillance state. Regulatory bans and delistings from centralized exchanges (CEXs) liquidity drying up. 40:41
LONG Thiccy
Quant Trader / Former HFT Quant
Thiccy notes that "Chinese grandmas" and central banks are aggressively buying metals, while Bitcoin is stagnant. Eastern capital is seeking to escape local currency debasement but views Bitcoin as a "US/Trump proxy" due to ETFs and political embrace. Therefore, the true "anti-fiat" flows are reverting to traditional metals, which have deep liquidity and high volatility. LONG. Metals are currently capturing the liquidity that crypto natives expected to flow into BTC. A sudden reversal in the US Dollar strength or a geopolitical shift that makes BTC neutral again. 27:51