In this episode of Bankless, the hosts dive into a week of bold Bitcoin price predictions, ranging from bearish calls of a drop to $57K to bullish targets of $1.6M by 2036, amid rising inflation and Fed uncertainty. They also discuss Hyperliquid's major Wall Street endorsement via ICE, the ongoing tokenization war with traditional stock issuers, and internal drama within Zcash over its growing treasury.
Summarized by Podsumo
Bitcoin price predictions: Jason Kalkanis predicts a drop below $57K, while Willie Woo's Monte Carlo simulations and Bitwise's bull case suggest targets up to $3.6M by 2036, highlighting a massive range of expectations.
Hyperliquid surged 17% after ICE (parent of NYSE) partnered with Trade XYZ to launch a CFTC-regulated US venue, with endorsements from Stanley Druckenmiller and Elon Musk.
Tokenization war: Over 30 companies, including Microsoft and Goldman, objected to their stocks being tokenized on OKX/ICE venues, sparking a battle over the future of stock trading on blockchain.
Zcash drama: The community debates its $125M treasury, with proposals to end block reward subsidies to grants, as spending only $6M annually against $68M inflows.
Robinhood Chain revenue collapsed 99.6% from its peak, raising questions about sustainability and community support.
"It feels like a 'blue chip curse'—who's going to buy Bitcoin next to take it to $10 trillion?"
"If they want to be publicly traded, they should allow the public to trade them at the venue of their choosing."
"In the world of tokens, you need some proof, some on-chain proof that the equity actually does value the token."