OM DENNE EPISODE
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When the Clarity Act stalled in Congress, the shorts expected Bitcoin to break. It dipped to $75,000 and stopped. Then came the surprise that the bill might pass after all, and Bitcoin closed its first weekly candle above its 50-week moving average in 45 weeks.
Ram Ahluwalia calls it a short squeeze, and says that doesn't make it illegitimate. Chris Perkins sees a regime change, with institutions now underwriting crypto on fundamentals. Austin Campbell asks what happens if US retail, still missing from the Coinbase premium, shows up too.
Hosts:
Austin Campbell - Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern - https://x.com/austincampbell
Ram Ahluwalia - Co-host of Bits + Bips and CEO of Lumida - https://x.com/ramahluwalia
Chris Perkins - Co-host of Bits + Bips and Head of Franklin Crypto - https://x.com/perkinscr97
This segment is from a longer conversation on Bitcoin, the Fed, a $30 trillion debt pile, and Meta's new AI agent. Full episode here: https://youtu.be/r2Z9ooMTcZ0?si=-mncR-xhm7kUM507
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Chapters:
📊 00:34 Bitcoin's 50-week reclaim: the bull case and the bear case laid out
🐻 03:51 Why Ram thinks it's a short squeeze, and why that doesn't make it illegitimate
🔄 05:14 Why Chris thinks this is a regime change toward fundamentals
⚖️ 07:31 Austin on how Clarity's failure invalidated the short case
👀 12:26 Why retail hasn't shown up yet, and what happens if it does
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