Bits + Bips: Why It's Time for Crypto Traders to Be Patient - Ep. 782

Unchained

Laura Shin

News, Tech News, Business News

4.5 • 1.3K Ratings

🗓️ 12 February 2025

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Crypto markets are at a crossroads. Is Ethereum primed for a short squeeze, or is its dominance fading? Are the SOL unlocks a real risk, or is the panic overblown? And did we already have an alt season without realizing it? In this episode, hosts James Seyffart, Alex Kruger and Ram Ahluwalia sit down with Sal Ternullo, managing partner at A100x Ventures, to break down the biggest questions facing traders today. They discuss whether Trump’s tariffs are impacting ETH, why the market might be misreading SOL’s unlocks, and how traders keep falling into the same traps—losing money despite crypto’s explosive gains. They also debate the real reason altcoins haven’t performed as expected, why memecoins might finally be dying off, and what the Growth Value Ratio reveals about the market’s future. Plus: the implications of Elon Musk’s bid for OpenAI, and whether Arweave’s AO can seriously challenge ICP. Show highlights: 3:33 - Why Ram likes what Trump is trying to accomplish with the tariffs 10:35 - Why ETH got hit so hard with the tariffs and whether there’s a squeeze coming 15:24 - Whether the market will see an alt season 21:47 - Why Sal believes that the SOL unlocks are not a big deal and why he’d like to see a shift away from memecoins 25:09 - Why Ram thinks that crypto markets don’t have a clear narrative in the near future 27:28 - Why Alex is concerned about the SOL unlocks 32:19 - What the growth value ratio is teaching us about the state of the markets 40:59 - How the potential Kanye West memecoins is another example of why Sal doesn’t like this space 46:39 - Whether Arweave’s new project AO can compete with ICP 48:04 - How Elon Musk is running so many projects, plus bidding for OpenAI 55:26 - James’ analysis on the likelihood of various crypto ETFs being approved 1:03:01 - Why Alex thinks this is the perfect time to “be patient” in the markets Sponsor: Somnia Network Bitwise Hosts: James Seyffart, Research Analyst at Bloomberg Intelligence Alex Kruger, Founder of Asgard Ram Ahluwalia, CFA, CEO and Founder of Lumida Guest: Sal Ternullo, Managing Partner at A100x Ventures Links Unchained: Grayscale Files for Cardano ETF Central African Republic launches memecoin Reuters: Trump raises tariffs on aluminum, steel imports in latest trade war salvo Elon Musk-led group makes $97 billion bid for control of OpenAI The Block: SEC delays decision on BlackRock's Ethereum ETF options trading until April 9 Kanye West, after disclosing he was offered $2 million to launch a token, asks to speak with Coinbase CEO 'concerning crypto' Kanye West quashes memecoin launch rumors, says coins 'prey on the fans' James’ and Eric Balchunas’ tweet on the odds of crypto ETFs Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I think it's a good time to be patient, to be honest.
0:03.4	That's my main thought.
0:04.9	It's, on one hand, we have very, very good charts and assets in demand on Bitcoin and
0:13.5	we have alcoins that are completely absolutely demolished with very poor sentiment and
0:19.4	negative positioning.
0:21.2	And at the same time, it's like we're missing the trigger, right, for getting going.
0:26.5	And alts are so illiquid.
0:28.3	And like everybody's concerned about alts.
0:29.7	That's the truth.
0:30.3	It's what defines sentiment here.
0:31.6	So we have to talk about it, even though we're not very big on alts.
0:36.1	They're missing this trigger right now and it's pretty
0:39.3	difficult to hold outs and size given how how volatile they are but at the same time a strong
0:47.1	view is the tariffs talks going to cease to be an issue it's going to be the market's going to be moving over, I think it will be
0:56.3	moving over to increase efficiency, and then eventually the Fed does become, like the Fed is
1:02.4	telling us very clearly that they will continue lowering rates, just a matter when, and not
1:08.7	just one, one cut, quite a few few they're telling us that so that's
1:13.6	coming is not really priced hi everyone welcome to bits and bips exploring how crypto and macro collide
1:20.1	one basis point at a time i'm your host james saffert tradfi archmaister lord of bloomberg's end here with
1:26.2	rom alawalia maceralth, leader of Lumida.
1:29.9	How's it going?
1:31.1	Today we're also joined by Sal Turnulo, first council of the Venture Court at A100X Ventures.
	...

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