Crypto Options Unplugged Geopolitics Back In Charge – Fade or Real Risk for Crypto? #95
Jan 22, 2026
JM Mognetti, CEO and co-founder of CoinShares, shares insights on the evolution of the firm from a hedge fund to a major ETF provider in the crypto realm. He discusses the implications of geopolitical tensions on crypto, revealing how regulations vary between Europe and the US. JM highlights the importance of tokenization in revolutionizing traditional assets and offers a strategic outlook on Bitcoin, urging a long-term perspective despite short-term market volatility. His thoughts on market differentiation and institutional shifts provide a fascinating lens on crypto's future.
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Geopolitics Often Provokes Short-Lived Shocks
- Geopolitical headlines repeatedly create short-lived market shocks that often fade quickly.
- Imran Lakha and David Brickell treat most Trump tariff/Greenland threats as high-delta, likely temporary events.
Japan's Bond Stress Could Force Global Liquidity
- Japan's bond+y en stress could force massive liquidity support and currency weakness.
- That dynamic may prompt coordinated dollar liquidity and broad market intervention before lasting resolution.
Hedge With Dollar‑Yen Calls
- Consider hedging FX exposure via dollar-yen calls as a macro hedge.
- Imran suggests owning dollar-yen calls because Japan may need to slam the currency down to support bonds.