Rising AI demand tempts Bitcoin miners to repurpose energy, while mining hash power remains a lagging indicator of price movements.
Ray evaluates the promise and pitfalls of Bitcoin and stablecoins. He notes Bitcoin’s capped supply makes it a potential store of value, yet its volatility limits everyday use. Stablecoins, while stable, lack yield and are still tied to fiat, positioning them as transaction tools rather than wealth stores.
Analysis of Hyperliquid's outperformance in a depressed market, focusing on its rapid product iteration, revenue generation, and potential to disrupt traditional finance.