The Milk Road Show

Michael Nadeau, founder of The DeFi Report and crypto researcher, shares insights on the current Bitcoin landscape. He explains how liquidity cycles and ETF flows impact market trends. Nadeau warns that the recent Bitcoin rally may not be as robust as it seems, citing weak ETF inflows and the significance of long-term holder dynamics. He also discusses how fiscal policy shifts and midterm-year historical patterns can influence market behavior. Dive into his analysis of on-chain signals and what indicators he looks for before investing.

Christopher Keshian, founder of Triton Liquid Fund and a crypto research expert, shares a contrarian view on Ethereum's value. He argues that ETH could support huge economic activity while being overvalued. Keshian discusses various valuation approaches and explains why Layer Twos may dilute ETH's value capture. He also explores crypto's economic verticals, revealing which applications and narratives might last. Additionally, he highlights the importance of macro signals and trader behavior in understanding market dynamics.

Matt Hougan, Chief Investment Officer at Bitwise, dives into the recent draft of the Clarity Act and its potential impacts on the crypto market. He highlights the surprising resilience of stablecoin yields, despite headlines claiming otherwise. The bill aims for bipartisan support, addressing unresolved issues like politician self-enrichment. Hougan also discusses the future of DeFi and stablecoins as payment rails, while predicting conditions for a market rebound. Plus, he shares insights on Bitcoin ETFs and why some assets aren’t ETF-ready, making a compelling case for crypto allocation.

Christopher Kuiper, an Executive at Fidelity Digital Assets and crypto analyst, dives deep into the current state of Bitcoin and the broader market. He highlights that sideways price action often signals significant underlying shifts, with institutions embedding Bitcoin into traditional finance. Kuiper discusses the rotation between gold and Bitcoin as hedges, the impact of investor sentiment, and how derivatives might reshape market volatility. He paints a picture of a maturing crypto landscape, emphasizing the ongoing adoption and integration with traditional finance.

Join Eliezer Ndinga, Global Head of Research at 21Shares, as he delves into the future of Ethereum's Layer 2 landscape. He predicts a wave of consolidation driven by competition and infrastructure maturity. Eliezer discusses which Layer 2 solutions may thrive—particularly those with strong exchange backing. He also shares insights on the upcoming shift toward regulated ICOs and stablecoins, while contrasting the safety of ETFs against digital asset treasuries. Plus, he highlights how geopolitical factors influence Bitcoin's evolving role.

Join Joshua Frank, CEO of The Tie and crypto analytics expert, as he dives into how institutions truly evaluate cryptocurrency. He reveals why many altcoins struggle to attract buyers and discusses the surprising significance of the Canton Network for major banks. Learn how institutional metrics differ from retail perceptions, and why ETFs may not be what they seem. Joshua also outlines the importance of real on-chain demand and shares insights on institutional trends in tokenization and enterprise blockchain.

In a fascinating conversation, Jason Badeaux, Co-founder and CEO of Daylight, dives into the urgent need for innovative energy solutions. He reveals how electricity is the next bottleneck for AI, EVs, and manufacturing. Jason discusses Daylight's approach to deploying solar-plus-storage systems for homes to enhance grid capacity while arguing that traditional financing is too slow. He envisions a DeFi capital layer to revolutionize energy finance and predicts tokenized markets will shape the future, creating new opportunities for investors and homeowners alike.

In a captivating discussion, Zac Prince, former CEO of BlockFi and now head of Galaxy One, shares insights into the evolving landscape of crypto. He explains the surprising underperformance of Bitcoin in 2025 despite favorable conditions. Zac emphasizes the importance of ETFs and stablecoins in shaping the market and reveals how institutional players are quietly building infrastructure while retail investors remain distracted. He predicts an all-time high for Bitcoin by 2026, paired with a rise in stablecoin adoption and innovation in tokenized assets.

Michael Tanenbaum, CEO of Figure Markets and a fintech pioneer, dives into the transformative potential of tokenization in finance. He explains how on-chain systems for mortgages and private credit are reshaping the economy, regardless of current market trends. Tanenbaum discusses the challenges of IPOs for crypto firms under SEC scrutiny and the benefits of tokenized assets for homeowners. He also shares insights on Figure's innovative mortgage solutions and his predictions for AI's role in the industry by 2026.

Join Jordan and Arkana from Delphi Digital as they dive deep into the future of crypto infrastructure. Jordan discusses the significance of super apps and SocialFi, emphasizing their roles in distribution vs. aggregation. He argues prediction markets are here to stay, especially with evolving platforms like Coinbase and Robinhood. Arkana elaborates on Solana's upgrades and the rise of stablecoins tailored for institutions, plus the demand for privacy in the crypto space. Together, they explore the pivotal elements shaping 2026.