Talk Your Book: The Nasdaq 100 of Crypto

Animal Spirits Podcast

The Compound

News, Business News, Business, Investing

4.8 • 2K Ratings

🗓️ 24 May 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Animal Spirits: Talk Your Book, ⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠ and ⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠ are joined by Samir Kerbage, CIO of Hashdex to discuss price action in 2025, narratives around price action, how the index is constructed, Bitcoin's investment thesis, and much more! Find complete show notes on our blogs... Ben Carlson’s ⁠⁠⁠⁠A Wealth of Common Sense⁠⁠⁠⁠ Michael Batnick’s ⁠⁠⁠⁠The Irrelevant Investor⁠⁠⁠⁠ Feel free to shoot us an email at ⁠⁠⁠⁠[email protected]⁠⁠⁠⁠ with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: ⁠⁠⁠⁠https://www.idontshop.com⁠⁠⁠⁠ Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: ⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠ The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This content is provided for informational purposes only and should not be relied upon in any manner as professional advice.
0:05.9	Speculative investments have a high probability of loss.
0:08.5	The hashtag's fund is not a registered investment company and therefore is not subject to U.S.
0:13.2	securities regulation under the Investment Company Act of 1940.
0:17.2	Any opinions expressed do not constitute or imply endorsement, sponsorship, or recommendation by
0:21.9	Ridholt's wealth management, or its employees.
0:25.0	Today's Animal Spirits Talk Your Book is brought to you by Hashtex. Go to Hashtex.com to learn more
0:30.0	about the NASDAQ Crypto Index USETF. That's ticker NCIQ. That's Hashtex.com to learn more.
0:39.1	Welcome to Animal Spirits, a show about markets, life, and investing. Join Michael
0:43.8	Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:48.5	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the
0:52.8	opinion of Ridholt's wealth management.
0:54.8	This podcast is for informational purposes only and should not be relied upon for any investment
0:59.5	decisions. Clients of Ridholt's wealth management may maintain positions in the securities
1:03.8	discussed in this podcast. Welcome to Animal Spits with Michael and Ben.
1:13.3	It's been a wild couple of weeks for crypto.
1:20.8	When it turned, that one Sunday night, when it seemed to be decoupling from the market,
1:26.9	it was curious because that had never happened where you had a true risk off macro environment and Bitcoin was acting like
1:29.8	what's Shalamey's name from Dune? I don't know. It was acting like the prophecy or whatever.
1:36.2	So people always say the stock market is forward looking, but can we now say the crypto market
1:40.4	is more forward looking? Maybe. So that's where I was going. And on animal spirits, credit to me, I said, well, what if, what if actually
1:48.2	what's happening here is that Bitcoin is front-running a balance that we're going to see in
	...

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