The Milk Road Show

Retail Sells, Institutions Buy: The Biggest Misread of This Cycle w/ Sid Powell

Dec 2, 2025
Sid Powell, CEO of Maple Finance, discusses the intricate dynamics shaping the crypto landscape. He argues that Bitcoin isn't finished yet, citing key factors like liquidity and institutional demand for crypto lending. Sid explains how stablecoins fuel growth for crypto lending and how Maple adapts to challenges, including the October flash crash. He highlights opportunities in market downturns, the innovative use of AI for risk management, and the potential impact of regulatory changes like the Clarity Act. Sid's bullish outlook for 2026 views stablecoin expansion as pivotal.
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INSIGHT

Cycle Not Over Yet

  • Sid Powell sees the current Bitcoin chop as sideways, not the end of the cycle.
  • He expects institutional adoption and rate cuts to push BTC higher into 2026.
INSIGHT

All-Weather Institutional Demand

  • Demand for crypto-backed lending remains steady from miners, prime brokers, and exchanges.
  • Supply-side investors increasingly seek yield in sideways markets, driving inflows.
ADVICE

Design True On-Chain Products

  • Build on-chain products that prioritize transparency, liquidity, and composability.
  • Use tokenized loans and DeFi integrations to enable instant entry, exit, and secondary-market use.
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