Are We Late-Cycle? Assessing Market Position

Is this 2025 bull market just a repeat of 2021, or something much riskier under the surface? In today’s episode, Jay Hamilton is joined by Dominic Ryder, a former TradFi wealth manager and VC-turned-crypto founder, to dissect the hidden risks no one wants to talk about. From digital asset treasuries that smell a lot like 2008, to the eerie signals of late-cycle euphoria, Dominic pulls no punches.

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🎤 Our Head of Research Kyle Reidhead is speaking at Zebu Live (Oct 21–22).Want in? Use code MILK for 20% off tickets.

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📚 Helpful Resources 📚

🥛 The Fed’s running it hot and the bears are wrong 🐂

https://link.milkroad.com/macro-fed-analysis-10/05-pod

🥛 Checking the market’s pulse: Oct ‘25 🩺

https://link.milkroad.com/market-pulse-oct25-10/05-pod

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🎙 GUEST INFO 🎙

Dominic Ryder: https://x.com/dominicVEMP

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses.