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Is it time to BUY Altcoins?
Manage episode 492335526 series 3668140
Market Outlook: War, Ceasefires, and Crypto
In this episode, the hosts break down how rising tensions and ceasefire negotiations in the Middle East are impacting the crypto markets. Bitcoin continues to struggle below the $107,500 resistance level, while altcoins show signs of weakness due to low liquidity. Deji shares his outlook, predicting a potential drop in Bitcoin to the $63K–$65K range, citing the previous cycle’s all-time high as a key support level to watch. The discussion also dives into Federal Reserve policy—tightening versus easing—and how these shifts could affect the performance of altcoins. Harris remains cautiously optimistic, suggesting an altcoin season might be possible in Q4, but only if there's an injection of excess liquidity and a change in the Fed’s current stance.
Long and Short Picks for Q3
Deji is long on Bitcoin, seeing it as the most stable asset amid market uncertainty, and short on XRP and HYPE, which he believes are due for corrections of up to 50% following recent rallies. Harris also favors Bitcoin as a long play, given its resilience in a trader-driven market. However, he’s short on ETH in the short term, expecting weakness throughout Q3 despite anticipating a potential rally later in the year. Both hosts emphasize the importance of understanding market cycles and avoiding over-leveraged positions during this volatile period.
Ledger Nano S Phase-Out
Ledger has officially ended support for the Nano S, sparking concerns about the longevity of the “buy, set, and forget” approach to self-custody. The hosts call it a “cheeky” business move and draw comparisons to Apple’s strategy of phasing out old hardware. They advise users to upgrade to newer models like the Ledger Stax for improved usability and to ensure crypto wallets remain physically accessible—ideally within 100 miles—in case of emergencies. The segment also explores the broader challenges of self-custody and the growing need for wallets that are more user-friendly and future-proof, especially in light of quantum security risks.
The Future of Crypto Wallets
A trending LinkedIn post claims the best crypto wallet hasn’t been built yet—and the hosts agree. With the rise of quantum computing, AI-driven hacks, and increasingly sophisticated social engineering attacks, today’s wallets may soon be obsolete. They predict the next breakthrough in wallet technology will come within the next five to ten years, either from an existing leader like Ledger or a completely new player in the space.
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