The Milk Road Show

Matt Hougan, an executive at Bitwise and crypto strategist, alongside Ryan Rasmussen, an investment professional at Bitwise, delve into the current crypto market crash. They discuss why institutional investors are actively buying amidst uncertainty and clarify the disconnect between retail selling and institutional buying. Their insights explore emerging crypto use cases, the importance of time horizons for investment, and the potential impacts of macroeconomic factors. They also highlight the significance of the upcoming Bitwise XRP ETF launch.

Joe Shalom, Co-CEO of Sharplink and former BlackRock managing director, dives into the exciting intersection of Ethereum and tokenized assets. He reveals how institutional demand is driving ETH acquisitions and discusses the evolution of institutional sentiment from Bitcoin to Ethereum. Joe explains the importance of staking and restaking for maximizing ETH's potential, and how SBET is positioning itself in the DeFi landscape. He also touches on the concept of the 'Ethereum super cycle' and gives advice for retail investors seeking quality exposure.

Michael Nadeau, a data-driven crypto analyst and author of the DeFi Report, shares an intriguing bearish perspective on Bitcoin. He highlights the specific signals that influenced his bearish pivot, such as shifts in fiscal policy and market structure. Nadeau discusses how long-term holders are taking profits and warns about the potential for new buyers to amplify market declines. He also outlines what indicators would make him bullish again and estimates Bitcoin's fair value zone between 60–70K, providing insights into what the future might hold.

Kyle Reidhead, co-owner of Milk Road and a crypto/AI strategist, dives into why the crypto market feels stagnant despite bullish indicators. He explains that macro factors remain supportive, while inflation fears may be exaggerated. AI's impact on liquidity flows is reshaping the market, and he argues that the true challenge for crypto is its structural issues, not its price. With potential catalysts on the horizon, Kyle emphasizes the need for institutional adoption and suggests strategic portfolio positioning to navigate the landscape.

Delphi Digital's analysts dive into the recent $30 billion wipeout in the crypto market, citing October 10th as a pivotal moment. They discuss the macro signals indicating market fragility and how volatility spikes are linked to Bitcoin price dips. The conversation explores where Bitcoin might find a new fair-value range and examines the impact of MicroStrategy's funding strategies. Insights on surviving coins during market stress and potential catalysts for reversing negative sentiment are also shared.

Phong Le, President and CEO of Strategy, shares insights on Bitcoin-backed securities and their potential to influence Bitcoin's next rally. He explains how Strategy has pioneered new investment products like Stretch and Stride, making Bitcoin more accessible to retail investors. Le discusses the significance of preferred securities over traditional bonds and how they can drive institutional adoption. He also touches on the changing landscape of Bitcoin valuation and the future prospects for 2026, emphasizing the impacts of Wall Street on the crypto market.

Koroush AK, a trader and educator known for his insights on crypto trading, discusses the changing landscape of the market. He argues that traditional altcoin seasons may be over due to the overwhelming number of tokens. Koroush emphasizes the importance of disciplined investing and the benefits of a heavy Bitcoin allocation. He also shares trading strategies, including leveraging emerging narratives like privacy coins. Tune in for valuable insights on how to adapt to the new crypto reality!

In this discussion, Erik Voorhees, a Bitcoin pioneer and founder of ShapeShift, delves into the intriguing idea that cryptocurrency was designed more for AI than humans. He explains how institutional adoption is vital for Bitcoin's future and warns about the privacy risks with major AI services like ChatGPT. Erik advocates for a permissionless AI landscape and shares insights on his venture, Venice AI, aimed at offering a private alternative. He also speculates on the potential dominance of machine agents in crypto markets.

Data-driven crypto analyst Matt Crosby, from Bitcoin Magazine Pro, dives into Bitcoin's market dynamics and trends. He shares insights on whether the current bull market is peaking or just catching its breath. Discussing key factors, he highlights potential moves towards $160K–$175K driven by supply and institutional liquidity. He also introduces a new on-chain metric to track long-term holder distributions, explains fractal patterns indicating extended consolidation, and warns of risks amid bullish projections.

In this discussion, Cosmo Jiang, a General Partner at Pantera Capital and a key player in the Solana ecosystem, unveils how Solana might soar to a $2,000 valuation. He explores the growing attraction of institutions to Solana, contrasting it with retail investor trends. Jiang shares insights about Digital Asset Treasuries (DATs) and their role in boosting token value. He also highlights Pantera's pioneering efforts in developing a treasury strategy for Solana, positioning it for significant growth in the digital asset landscape.