00:00 Speaker A
I think it’s fair, you know, I I showed you a bunch of charts yesterday about how certain all coins were still moving, uh, well, even though Bitcoin was dropping, which is something we haven’t seen in a long time.
00:11 Speaker A
I think it’s fair to say that the money isn’t leaving crypto right now. It’s actually rotating inside it. I mean, uh, you know, I think it’s like, uh, all the hedge funds went and unfollowed Bitcoin and slid into Hyperliquid’s DMs.
00:29 Speaker A
Right? Hyperliquid’s beating Ethereum in trading volume on some days as big money rotates, says Falcon X. Once again, I’m not mad at all that I own no hype token.
00:43 Speaker A
Feel great about that. No. Yeah, I missed it and uh considered buying it many times if we’re being completely transparent.
00:51 Speaker A
But the these tokens now are trading at higher volume sometimes than the large caps, uh tokens like hype, and we’re actually seeing the volumes on them continue to rise and now institutions are using these platforms. So it’s not like the money has left.
01:06 Speaker A
We’re actually just seeing a rotation into other things, much like we’re seeing a rotation maybe from everything liquid into AI related IPOs. I think we’re seeing that within crypto as well.
01:17 Speaker A
The other story here kind of alludes to this as Franklin Templeton and Moonpay partner to expand institutional access to tokenized money market funds. Once again, this is just 24/7 365 everything, right?
01:36 Speaker A
And now we have things that are actually being priced on protocol revenue, buybacks, real world assets, tokenization. It’s not just Bitcoin anymore.
01:48 Speaker A
As much as I’m a Bitcoiner, Bitcoin is missing out to some degree clearly on the price action of the things that people are more interested in in crypto right now.