Buying the Dip and Institutional Interest in Crypto

Good morning, crypto degens. How are you doing this fine morning? I’m doing great here. The market’s down a little bit, and I think I’m going to take advantage and buy the dip again. I feel like I need to buy more dips because I believe things are going to turn soon. I don’t want to feel like I didn’t put enough money in when I should have when everything was cheap. Of course, when I go and do that, it might fall 50% more, but that’s the way it is with crypto.

We’ve got some interesting news. Some of the big boys are going to come in with crypto services. Some of the big institutions. Morgan Stanley confirms the bank has plans to offer Bitcoin trading, lending, yield, and custody in the future. That’s a big Wall Street firm. This is old money. This is big money. How much money is going to come in when they start offering this to their customers, and the customers start thinking, “I need to buy crypto”? It’s not just Bitcoin. Wall Street giant Citibank announces that later this year, they will be launching infrastructure that integrates Bitcoin into traditional finance. There’s another one. Another big one. This is going to be insane inflows, and people have been selling. Does this make any sense? Does this make any sense at all? I mean, crypto investors have to be the dumbest people on the face of the planet. I include myself because I’ve made a lot of dumb mistakes. But now is not the time to be selling your crypto. Now is the time to be buying. In my opinion, not financial advice.

Regulatory Issues with Jane Street

Jane Street finally got exposed to the light. Apparently, regulators in India have accused the firm of manipulation, and they have been barred in India. Regulatory filings are revealing minute-to-minute trades, profit concentration, and the sheer scale of capital they deploy for a firm that thrived in the shadows. The street is now digging hard into the playbook. I think this is so far all allegations. So, I don’t want to say like they actually did this or they actually did anything wrong. Just people are talking about it. That’s all. And apparently, India actually did something. So, we’ll see how this story continues. What Jane Street actually did, if they are actually found guilty of anything and they’re responsible for anything.

USDC’s Growing Momentum

The USDC momentum just surprised the street. If you’re into crypto, you know, you’ve got the stablecoins that represent the dollar. The biggest stablecoin has always been USDT. Even though people always say it’s shady and this and that, everyone uses it, so it must be okay. But then you had the little brother USDC that fewer people used. Although USDC, Binance was forced, Binance had their own stablecoin before they were kind of forced or they were strong-armed by the US government when it was not pro-crypto to get rid of their stablecoin, which was BUSD. Their stablecoin worked very well. So after they got rid of their stablecoin, they started promoting USDC. They basically stopped people from using USDT on their platform. It’s kind of annoying because if you want to send money from Binance to KuCoin, you have to send USDC because Binance won’t let you use USDT. And then you want to make a trade in KuCoin, you have to convert USDC to USDT before you can make the trade. It’s kind of annoying from Binance, but anyways, they just want to promote USDC. Apparently, now USDC accounts for 50% of stablecoin transaction share. That’s a really big improvement, 72% year-over-year. Very good for USDC. Competition is good. My brother designed the Circle website. I’m proud to say that all the time.

Hedera’s Position in the Market

Altcoin Pedia says that Hedera is trading at 10 cents and commanding attention as Hedera emerges as a top choice for enterprise blockchain adoption across tokenized assets, commercial real estate, and stablecoin initiatives. Pretty much all the blockchains are going to do this marketing pitch. We have to see the actual details. We need to see the metrics, how much tokenization, how much money is getting moved, the details. But it’s good to know that Hedera is in the game. It’s a big layer one. It’s still in the top 50 or so. I’m not sure, maybe the top 30, something like that. And it’s definitely one to watch. Probably not a bad one to have in your portfolio if you’re going to hold good altcoins. I don’t have it right now.

Market Sentiment and the Fear and Greed Index

The fear and greed index just jumped from 11 to 16 in 24 hours. The first major sentiment turnaround this February after hitting its worst reading in 5 years. That’s going to change real fast when the market flips. Things change very fast from one day to the next. So, have we bottomed? That’s a question.

The Intersection of AI and Crypto

Have we bottomed? Ben Horowitz recently discussed the infrastructure behind the AI economy, emphasizing that crypto is a natural fit for AI because it’s internet-native money. AI operates on a global scale, and so does crypto. I’ve mentioned this in one of my previous videos: AI won’t be walking into banks to withdraw cash. Instead, it will seamlessly connect to the internet, conducting transactions with crypto or stablecoins. This synergy between AI and crypto is promising for the crypto market, especially since AI’s momentum shows no signs of slowing down.

Capital Inflows in the Next Bitcoin Cycle

The Rand Group has made a bold statement: “You are not ready for the capital inflows of the next Bitcoin cycle.” Initially, we saw two major Wall Street firms planning to offer crypto to their clients, and this trend is expected to grow. A chart from Rand Group illustrates capital inflows to Bitcoin by cycle: from 2015 to 2018, it was $86 billion; from 2018 to 2021, it surged to $3,808 billion; and from 2022 to today, it’s $742 billion. The question remains: how much more will it be? Personally, I want a piece of that pie. Don’t you?

The Solana Rally and Its Retracement

It’s astonishing how the entire 2024-2025 Solana rally was fully retraced in less than 10 months. A graph shows Solana’s dramatic rise in late 2023, reaching around $300 in 2025 before crashing again. There was some confusion about the timeline, but it seems the retracement happened within 10 months from the peak. However, I believe Solana will bounce back. Once the market shifts, Solana could easily surpass $200 and potentially hit $300 or more. That’s just the nature of crypto.

AI Humor and Legal Battles

I came across a humorous take from Nikita Bair. This morning, they joked about their agents filing 192 million lawsuits against every company globally. A small fraction settled, netting them $200 million. By afternoon, the companies counter-sued, and they settled for $2,000 each, leading to bankruptcy. It’s a funny scenario highlighting AI’s potential to outpace human lawyers. Wendy O chimed in, asking if AI agents inspired this idea. It’s a lighthearted nod to AI’s growing influence.

The Early Days of Bitcoin Adoption

According to Elio from Superverse, the elites don’t want you to know that if every person on Earth bought $1 worth of Bitcoin, its price would be $8 billion. While we’re not that early in the adoption phase, estimates suggest that 3-5% of the population already holds Bitcoin. When crypto is fully adopted, perhaps 10-15% of people might own it, similar to stock ownership, which is around 20-25% globally. So, while we’re not at the very beginning, we’re still at a good point to invest.

Michael Saylor’s Broadened Crypto Interest

Is Michael Saylor shifting his focus? Known for his staunch support of Bitcoin, he recently mentioned other cryptocurrencies like Solana and Ethereum in a speech. This was notable because Saylor typically focuses solely on Bitcoin. His acknowledgment of other blockchains suggests he sees potential beyond Bitcoin.

Senator Lumis on Sam Bankman-Fried

Senator Lumis recently commented on Sam Bankman-Fried, the former owner of FTX involved in a major corruption scandal. After the collapse of his crypto exchange, many lost money, though some have reportedly been reimbursed. Bankman-Fried is seeking a pardon, but Lumis pointed out that the Clarity Act could result in a much longer sentence than 25 years. Interestingly, Bankman-Fried has been posting pro-Trump messages, despite being a significant donor to the Democratic party, adding another layer to his complex narrative.

Trump and Senator Lumis on Pardons

Trump’s not buying it, and Senator Lumis has confirmed that he is not going to be pardoned because he actually did something wrong. This is unlike others who were jailed simply for creating blockchains or crypto networks without committing any wrongdoing themselves. So, no luck for you, Sam. You’ve got to serve your time.

Crypto Memes and Market Sentiments

Sheldon from Cryptobanter shared a meme that says, “Great. Now make them think we’re retesting the lows one more time, but send it straight to 78,000 instead.” This meme features Ed Harris from The Truman Show, a really cool film. If you’ve seen the film, you’ll appreciate the humor in the meme.

Michael Saylor is at it again, saying, “I need a bigger orange bag,” as he continues to accumulate more Bitcoin. There’s also a popular meme featuring Leonardo DiCaprio, where he’s pulling himself off the ground, getting his strength back. I can’t quite recall the name of the movie, but it was set in a cold place where he got injured and had frostbite. It was entertaining and enjoyable.

Another meme shows Morgan Freeman waking up from his slumber, only to go back to sleep calmly and peacefully. The caption reads, “Me going to bed knowing someone has it worse than me because I bought Ethereum at 4,800 in 2021.” These memes are quite ridiculous, but they provide some amusement when there’s nothing better to discuss.

Closing Thoughts

That’s it for today. Have a great and wonderful day, and enjoy your weekend. Spend time with your family, enjoy life, and be happy. Consider buying crypto at these great prices before the market flips, though remember, this is not financial advice. I’ll see you on Monday.