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Hello,
The old playbook is dead. Four-year crypto cycles are gone, and predictable Bitcoin rallies are no longer the norm. Welcome to the new era of crypto markets.
In my latest podcast episode with Will Clemente, we tackle this uncertainty head-on. We discussed the importance of clearly separating short-term tactical trades from long-term conviction—especially amidst current volatility.
The Trump administration has implemented aggressive tariffs, tightened immigration policies, and made federal job cuts. Will notes that they're front-loading economic adjustments strategically ahead of midterms. Despite cooling headline inflation, bond markets tell a different story. With the US 10-year yield at ~4.3%, persistent inflation concerns mean Fed rate cuts remain distant, extending tighter monetary conditions.
Will’s investment approach is to separate long-term conviction from short-term trading opportunities. His core holdings—like BTC—are intended "not to be moved" for at least a decade. This is complemented by actively managed positions and a cash buffer for flexibility.
Stablecoins were another key focus, anticipated to grow to trillions in market cap with clearer regulations. USDC already exemplifies how regulatory clarity boosts adoption. Will pointed out that anyone skeptical about crypto's value proposition should attempt moving funds via traditional bank wires—it quickly underscores stablecoins' unmatched convenience and efficiency.
Despite current challenges, our long-term outlook remains bullish on the back of improving fundamentals — clearer regulations, increasing institutional involvement, and genuine product development. Hyperliquid’s success provides a powerful template: build a product with genuine utility, generate revenue, and then launch a token. I have been studying Hyperliquid and will soon release an article. Until then, enjoy this episode!
Reflecting on fundamentals,
Saurabh Deshpande
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