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- 🔮 What's next for crypto?
🔮 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…👀
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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TGIF Bitches!
Now it’s time for some bank failures and fresh monetary pow from Powell and Yellen.
$BTC = $1mm
— Arthur Hayes (@CryptoHayes)
6:07 AM • Feb 2, 2024
$BTC: we are here (2020 vs 2024)
— nestay (@nestayxbt)
7:20 PM • Feb 1, 2024
Been a solid run of many months for crypto, which leads CT to expect more of the same -- misplaced my crystal ball, please DM if you find it, but down to consolidation still looks like the most likely path to me, scream as we may against that reality.
— Chris Burniske (@cburniske)
12:42 AM • Feb 1, 2024
Banking crisis 2.0 electric boogaloo CRE edition developing could invalidate my short term bear view
Bond market is definitely yelling that something is up
— fejau (@fejau_inc)
5:43 PM • Feb 1, 2024
Losing is the best teacher in trading hands down. I lose all the time. I am a loser in that sense
You're worst trade was small at once, but you let it turn into a big loss
Eventually you learn you just have to keep the losses small and the rest falls into place. Then you win
— Pentoshi 🐧 euroPeng 🇪🇺 (@Pentosh1)
9:51 PM • Jan 31, 2024
Retail mania is still a ways out.
My favorite metric is Coinbase—its iOS app currently ranks 40th within Finance.
In 2021, it was continuously ranked #1 in Finance, and on several days, was #1 across the entire App Store.
When retail shows up this cycle, I expect fresh ATHs. twitter.com/i/web/status/1…
— Haseeb >|< (@hosseeb)
12:53 AM • Jan 30, 2024



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