Cryptocurrencies

[changegonnacome]

35 minutes ago, TwoCitiesCapital said:

I don't think most people are taking it seriously.

 

Certainly the people who own MA & V arent taking it seriously.......I was expecting to see even a mild 2-3% drop in their price outside normal beta....but nothing.....zilch

[sleepydragon]

What does people think about buying the stock of Galaxy digital?

They are able to execute billion dollar trade on bitcoin, and is investing in ethereum and bitcoin treasury companies.

I checked their website, and they are essential the market maker for crypto now (seems to me), and they also do prop trading, which I bet should makes a lot of money. Earning is negative though -- I haven't looked more into it . 

 

[valueventures]

On 7/26/2025 at 11:02 AM, sleepydragon said:

What does people think about buying the stock of Galaxy digital?

They are able to execute billion dollar trade on bitcoin, and is investing in ethereum and bitcoin treasury companies.

I checked their website, and they are essential the market maker for crypto now (seems to me), and they also do prop trading, which I bet should makes a lot of money. Earning is negative though -- I haven't looked more into it . 

 

I’ve looked at it a bit (there’s a lot of chatter on it on Twitter), but don’t know crypto well enough to decide whether it’s a good investment. Here is a helpful starter post for people to get acquainted though: 

 

[Dave86ch]

RGB live in Bitcoin mainner. Huge.

[Fly]

4 hours ago, Dave86ch said:

RGB live in Bitcoin mainner. Huge.

 

Great news.

 

https://www.nasdaq.com/articles/rgb-v0111-launches-allowing-creation-digital-assets-bitcoin-mainnet

 

Quote

“RGB’s launch isn’t just a technical milestone — it’s a turning point,” said Viktor Ihnatiuk, Co-Founder of Boosty Labs and the RGB Association. “With RGB’s programmability and privacy combined with Lightning’s scalability, and in the context of a renewed Bitcoin bull cycle, the industry may finally realize we no longer need Ethereum, Solana, or any other chain to build meaningful decentralized products. We now have everything — and it’s on Bitcoin.”

 

Edited July 28, 2025 by Fly

[sleepydragon]

“Theodore Rosenthal, President of Digital Assets, is a hedge fund founder and manager of TMR Capital which is focused on value and event-driven equity strategies. TMR Capital is an advisor to over $2 billion in family office capital across equities and crypto and was an early investor in AI and crypto projects such asMaker, Aave, and Hyperliquid. Mr. Rosenthal is a Member of the Value Investors Club and a frequent speaker at MOI Global and other forums.”

 

 

[Gregmal]

This afternoon I was day dreaming and coulda sworn @Blake Hampton rode in on a Harley to share the news that Jamie Dimon, one of his favorite soundbyte sources, recently endorsed stablecoins, stating he “believed” in them. 
 

 

[Paarslaars]

Jamie has to believe in whatever his clients want him to believe.  Not sure he hopped on the train yet but he is willing to make money off of it.

[Dave86ch]

Jamie, like everyone else, has to kneel to what historical forces require in order to stay relevant.

 

I read history books daily, and it's always the same pattern repeating ad nauseam.

If you combine it with a good understanding of technology, you can see the waves and position yourself accordingly.

 

Jamie’s understanding was disappointing, to be honest, for someone in his role.

 

 

 

 

 

Edited August 1, 2025 by Dave86ch

[sleepydragon]

Bill Miller senior buys BMNR

https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-eth-holdings-exceed-833-000-tokens-valued-in-excess-of-2-9-billion-and-largest-eth-treasury-in-world-302520506.html

 

Meanwhile, SBET gives newly joined ex-blackrock MD/ex-coo/head of digital assets restricted stock striked on 7/23 when the stock was at $23 (compared to last close of $17)

 

 

[Fly]

5 hours ago, sleepydragon said:

Bill Miller senior buys BMNR

https://www.prnewswire.com/news-releases/bitmine-immersion-bmnr-eth-holdings-exceed-833-000-tokens-valued-in-excess-of-2-9-billion-and-largest-eth-treasury-in-world-302520506.html

 

Meanwhile, SBET gives newly joined ex-blackrock MD/ex-coo/head of digital assets restricted stock striked on 7/23 when the stock was at $23 (compared to last close of $17)

 

 

 

Welcome to 2nd stage of the bull market. Rotation into alts with ETH first, followed by SOL/XRP/DOGE, then further down the list until we reach pure meme coins. Then you better have a seat because the music stops and the bear returns. 

[TwoCitiesCapital]

3 hours ago, Fly said:

 

Welcome to 2nd stage of the bull market. Rotation into alts with ETH first, followed by SOL/XRP/DOGE, then further down the list until we reach pure meme coins. Then you better have a seat because the music stops and the bear returns. 

 

We'll see. People have been calling for alt season a long time, and have basically been wrong every time so far. 

 

Bitcoin dominance is still very close to its local highs and has been in an upward trend, again, since it's 'correction' last month. 

 

I'm not saying there won't be an alt season again, but I expect if anything is different this cycle it is that piece. We will likely NOT see a repeat of 2021s alt performance runs or anything close to it. 

 

BTC/ETH having ETFs, and treasury companies, are getting capital via those markets that will NOT rotate into alts. This will be a secular advantage. While alts might have temporary blips here and there - I expect the downtrend relative to BTC and ETH to be persistent. If others see that, it's gonna keep any alt season relatively muted as a smaller % of capital rotates and the amount that does will be for a quick buck. 

Edited August 4, 2025 by TwoCitiesCapital

[TwoCitiesCapital]

Thinking maybe they rally a bit later this year? Perhaps another pump if/when the Fed cuts in November? Particularly if Uptober in Bitcoin holds. 

 

But outside of speculation based on easier money, I expect they'll keep bleeding to BTC with only ETH as a potential to hold its ground (and maybe gain) against BTC since it's relative performance has been abysmal and it has similar secular factors in its favor here in the short term. 

 

 

Edited August 5, 2025 by TwoCitiesCapital

[Dave86ch]

On 4/23/2025 at 9:03 AM, Dave86ch said:

It's not for everyone, but it will eventually become part of everyone's pension fund.

 

 

[Paarslaars]

'YUGE'

[Fly]

8 hours ago, Paarslaars said:

'YUGE'

 

Now let's see who actually allows 401k participants to access BTC. 

[Paarslaars]

Good point, my company doesn't even allow me to invest from that pension fund.

[TwoCitiesCapital]

15 hours ago, Fly said:

 

Now let's see who actually allows 401k participants to access BTC. 

 

Yup. This wasn't necessarily needed. Fidelity has had the ability for their employees to buy crypto in their 401ks for a few years now. 

 

But most 401k providers weren't that progressive and were concerned about the potential liability from a fiduciary standpoint. Now that it's been formalized, that removes one roadblock but not necessarily others - like risk/volatility associated with the asset class, fees for providing it, and suitability concerns. 

 

I think we're still several years out from most 401ks having this and actually think that's probably a good thing given that they're not associated with professional advice and any Tom/Dick/Harry shouldn't be gambling the entirety of their retirement on things they may not understand. 

Edited August 8, 2025 by TwoCitiesCapital

[Longnose]

Yea, one of the biggest gripes i have with my company is that I cant invest my 401k the way I want. There are very few options that have minimal fees. 

[rkbabang]

Yes, Fidelity has great 401K plans.  My company uses Fidelity and I can buy individual stocks, covered calls/puts, sell calls/puts, anything you can do in a non-margin brokerage account.  It's funny how some companies don't want their employees to have the ability to invest their own retirement savings, yet they usually give them the ability to put it into company stock as an option.   Investing your entire retirement into the company you work for has to be a lot riskier than managing your own portfolio with a world of other options at your disposal. 

 

 

[TwoCitiesCapital]

8 minutes ago, rkbabang said:

Yes, Fidelity has great 401K plans.  My company uses Fidelity and I can buy individual stocks, covered calls/puts, sell calls/puts, anything you can do in a non-margin brokerage account.  It's funny how some companies don't want their employees to have the ability to invest their own retirement savings, yet they usually give them the ability to put it into company stock as an option.   Investing your entire retirement into the company you work for has to be a lot riskier than managing your own portfolio with a world of other options at your disposal. 

 

 

+1 

 

Have never been with a company that had decent options for their 401ks or HSAs. 

 

Most are entirely active funds with few-to-none passive index options. None have ever allowed single stock picking.

 

And then some entirely eschew alternative allocations like Gold. In my current one, I have a ton of options for actively managed US large cap, but only a handful of options on small/mid/intl. No possibility for gold. Fixed income is only core bond funds or what is essentially bank deposit - no money market, no emerging market debt, no corporate only, no short term bonds funds, etc. And this is a financial services company!!!!!

 

Is all very limiting. Part of the reason I've opted to roll 401ks to my IRAs when I've left companies in the past

[JRM]

Maybe to reduce risk for 401(k) owners the Fidelity's of the world will create mutual fund products containing hundreds of crypto-tokens, coins, and the like in order to reduce risk for the retirement saver?  

[TwoCitiesCapital]

2 minutes ago, JRM said:

Maybe to reduce risk for 401(k) owners the Fidelity's of the world will create mutual fund products containing hundreds of crypto-tokens, coins, and the like in order to reduce risk for the retirement saver?  

 

Perhaps. Though IMO the introduction of hundreds is increasing the risk

 

BTC only for the long term IMO. 

[rkbabang]

1 hour ago, JRM said:

Maybe to reduce risk for 401(k) owners the Fidelity's of the world will create mutual fund products containing hundreds of crypto-tokens, coins, and the like in order to reduce risk for the retirement saver?  

 

 

That's awful, but you are probably correct.  The average 401K plan will be able to choose from a fund of shitcoins, a fund of the companies stock, and 6 other funds all heavily weighted in the same 10-20 stocks. 

[JRM]

2 hours ago, TwoCitiesCapital said:

 

Perhaps. Though IMO the introduction of hundreds is increasing the risk

 

BTC only for the long term IMO. 

 

exactly