🥛 We're not out of the bear yet 🐻

Here’s a taste of this week’s menu:

• 🔥 We're not out of the bear market yet.
• 🥵 Central banks fear stablecoins more than AI.
• 🌶️ SpaceX might just buy Tesla outright.

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HOT TAKES OF THE WEEK 🔥

We're not out of the bear market yet 🐻

Michael Terpin (CEO of Transform Ventures) is still not ready to call the bear market dead.

His view: chart-wise, we're not confirmed into a bull market until Bitcoin closes a full week above roughly $79,500, and we haven't done that yet.

Michael thinks the more likely near-term path is actually a retest down to $70K, maybe even the low $60Ks, especially if the CLARITY Act gets rejected in Washington.

That's a notably cautious call from someone the industry treats as the resident bull market historian.

🎙️ Listen to the full episode here.

Central banks fear stablecoins more than AI 🏦

Jess Houlgrave (CEO of WalletConnect) said that if she ran a central bank right now, dollar stablecoins would rank above AI on her worry list.

Because unchecked USD stablecoin dominance chips away at other countries' control over their own monetary policy.