Episode summary
Bitcoin's Bear Market Is OVER - But Wall Street Is Split
The Wolf Of All Streets
· · Hosts: Scott Melker · Guests: Austin Federa, Andrew Parish, Tillman Holloway
Summary
Wall Street’s split view on crypto framed the discussion: Galaxy argues Bitcoin’s bear market ended in June and that the market is now in an accumulation phase, while Bernstein is cutting outlooks for crypto-related stocks and no longer assumes bullish price action. The panel largely agreed that the market is confused, but they disagreed on what that means for Bitcoin’s next move. One camp sees the recent weakness as a bottoming process; the other sees capital rotating into AI and away from crypto risk.
Key takeaways
- The host said Galaxy’s view is that Bitcoin bottomed in June, while Bernstein has turned more cautious on Coinbase, Circle, and other crypto names.
- One panelist argued volatility is the new normal and said Bitcoin’s next major move will be violent in either direction.
- Austin Federa said DoubleZero is building low-latency market-data infrastructure for finance, prediction markets, and on-chain trading.
- Federa argued that AI agents and faster data access are lowering the barrier to trading and will matter more than current user interfaces.
- The panel said Ripple’s national trust bank approval and Kraken’s regulated U.S. perpetual futures push show crypto rails moving deeper into mainstream finance.
Notable quotes
“Galaxy thinks that the bare market bottom was in and that we're heading into a bull market, but Bernstein is cutting cutting their prices for Coinbase, Circle, and others”
“I am in the it bottomed in June camp and have been saying so personally”
“I think volatility is the new norm across the board”
Topics
- bitcoin bear market
- fed decision
- ai capital flows
- stablecoins and bank apps
- prediction markets vs crypto trading
Companies and tickers mentioned
- NVDA
- META
- HOOD
- COIN
- Nvidia
- Meta
- Robinhood
- Coinbase
- Anthropic
- Galaxy
- Bernstein
- DoubleZero
- Ripple
Watch the episode
Watch “Bitcoin's Bear Market Is OVER - But Wall Street Is Split” on YouTube
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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The Real Reason Bitcoin Missed Monday's Rally -
Bitcoin Just Got Hit By A New Macro Reality -
You Can Do Everything Right And Still Lose Bitcoin
The Wolf Of All Streets, this episode and its artwork belong to Scott Melker. Octagon is not affiliated with the show; this page is an independent summary.
