🔮 What's next for crypto?

PLUS: Crypto's crystal ball

GM everyone. This is 2036. We scroll for gems all day so you don’t have to.

Today is Favorite Friday, where we serve up the resources we most enjoyed this week 🍲.

So if you're looking for content to dig into this weekend, this is your list...

1/ This week was a rollercoaster 🎢:

  • The Federal Reserve left interest rates unchanged and signaled no interest rate cuts in March.

This is likely bad for risk assets in the short term because ∼50% of investors expected them to cut rates in March. Immediately upon the news, Bitcoin took a hit.

BUT…

  • Regional banks are looking shaky again.

Remember in March 2023, when Silicon Valley Bank collapsed in a few days?

Well, regional banks have taken a serious hit this week, and if the Fed intervenes to save them, it could be positive for risk assets.

When SVB collapsed, Bitcoin ripped +50%.

Already, gold is up a lot relative to regional banks. This could mean it may be Bitcoin’s turn next.

All eyes are on the regional banks in the next couple of trading sessions…👀

For a good explanation of what’s happening, read this, and then this.

2/ The Network State Podcast Season 2 - Balaji Srinivasan

While we wait for the macro shenanigans to play out, check out Balaji Srinivasan’s new podcast series.

It is 🔥

In the series, Balaji covers all the things we love:

  • Crypto 101

  • Solana

  • Immortality

  • Incorporating in exotic islands

… and a lot more.

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