Bits + Bips: Markets Are Down Bad. When Will Crypto Recover? - Ep. 790

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 26 February 2025

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Crypto markets are down bad—but is this just a rough patch, or are we looking at something bigger? After a brutal sell-off in Solana, the $1.5 billion Bybit hack, and macro uncertainty weighing on Bitcoin, investors are searching for answers. Some think the worst is over, while others believe more pain is coming before the market turns around. In this episode of Bits + Bips, Noelle Acheson, Alex Kruger, and Ram Ahluwalia are joined by Eliézer Ndinga of 21Shares to break it all down. They discuss how institutions are approaching this downturn, why Solana has been hit harder than the rest, and what catalysts could bring crypto back to life. Is this the start of a new accumulation phase, or are we in for another leg down? Show highlights: 2:36 How the ByBit team responded so well to the hack 17:43 Why the market selloff was not specific to crypto 29:09 How institutions have become more sophisticated about crypto 31:10 Why SOL has been down so much and whether it has bottomed 34:37 Whether tariffs keep having an effect on the markets 37:23 Why the state of the markets makes Eliézer think the crypto asset class has matured 41:27 Whether bitcoin can be a safe haven and the role of diversification 45:26 What the next catalysts for crypto are 49:33 Why Eliézer is so optimistic about the long-term outlook of crypto 53:33 Alex’s spicy opinion on DOGE and Elon Musk Sponsors: Somnia Network RockWallet Bitwise Hosts: Noelle Acheson, Author of the “Crypto Is Macro Now” Newsletter Alex Kruger, Founder of Asgard Ram Ahluwalia, CFA, CEO and Founder of Lumida Guest: Eliézer Ndinga, Head of Strategy and Business Development at 21.co; the parent company of 21Shares Links Unchained: North Korean Hackers Are Winning. Is the Crypto Industry Ready to Stop Them? Reuters: Trump says Canada, Mexico tariffs on schedule despite border, fentanyl efforts Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Sentiment is pretty dower right now.
0:01.8	Sentiment is pretty dower, right?
0:04.1	So it's a question of just time horizon.
0:06.3	If you extend your time horizon, you should get more bullish.
0:09.8	Hi, everyone.
0:10.9	Welcome to Bits and Bips, exploring how crypto and macro collide, one basis point at a time.
0:17.0	This week, we're talking about, of course, bybit, which just faced the largest hack in crypto history.
0:23.4	We're recording this on Monday evening.
0:25.6	$1.5 billion gone.
0:28.4	Bybit seems to have filled in the gap.
0:30.6	Is the drama now over, or is there more to come?
0:33.9	We'll also talk about crypto market malaise.
0:36.5	Again, we're recording this on Monday night after a
0:38.5	market sell-off today. Recently, the majors, Bitcoin and Eith, they haven't been doing very much.
0:43.7	What's going on and what could change that? And we have to discuss what's going on with
0:48.2	Salana, which has definitely been suffering. And there's no shortage of other big topics to address.
0:54.6	We will look at market infrastructure developments.
0:57.4	Today we saw reports saying that Citadel was looking to step into crypto markets as a market
1:01.9	maker.
1:02.9	We'll discuss that impact.
1:04.2	And more for some intros.
1:05.8	I'm your host, Noel Etchison, Hi Seer and Keeper of the Crypto Rism Mapper Now News
	...

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