The Wolf Of All Streets Bitcoin Booms, Altcoins Die - Is China Back in Crypto? | Macro Monday
Jun 30, 2025
Dave Weisberger, a market structure expert, joins Mike McGlone, Bloomberg's Senior Macro Strategist, and Larry Lepard, an authority on macroeconomics. They dive into Bitcoin's surge while altcoins falter and speculate on China's return to crypto. The trio explores the Federal Reserve's cautious policies, political influences on economic growth, and the intricacies of valuing cryptocurrencies against traditional assets. They also discuss how inflation impacts investment strategies and the shifting landscape of financial markets.
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Bitcoin Booms, Altcoins Fall
- Bitcoin is nearing all-time highs while altcoins decline sharply.
- China may be re-entering the crypto market, signaling macro shifts ahead.
Bitcoin's Unique Valuation Edge
- Bitcoin dominance reflects investors' difficulty valuing altcoins fundamentally.
- Most altcoins lack clear demand or value capture models, unlike Bitcoin as digital gold.
Altcoins' Extended Decline
- The altcoin market is a speculative casino showing long-term decline.
- Despite periodic spikes, altcoins have largely been on life support for years.
