8h ago
In our interview with @JoakimBook, he broke down how #Bitcoin & crypto are reshaping global finance
From prediction markets to government reserves and the rise of stablecoins, we broke down some of the biggest stories you may have missed ↓
Prediction markets just went mainstream.
➤ NYSE took a $2B stake in Polymarket, reflecting a valuation of ~$8B
➤ This is the same platform that out-forecasted pollsters in the 2024 elections
➤ Financial markets are now bleeding into markets, politics, sport and culture.
Crypto keeps finding its way into TradFi & the mainstream.
@joakimbook When Washington halts, hard money shines.
➤ Fiscal drama barely dents real budgets, but it boosts the narrative for apolitical money
➤ Gold and Bitcoin still trade as “outside the system” assets
➤ Every shutdown reminds the world why Bitcoin exists.
The US just doubled its Bitcoin stash — now over 300k BTC.
➤ US authorities seized almost 130,000 BTC from an alleged Cambodian criminal organization
➤ Seized from global scams, now technically part of a “strategic reserve”
➤ Echoes of a modern sinking-fund: hold appreciating BTC, roll debt
What if the Fed becomes the next HODLer of last resort?
Meanwhile, Bitcoin hit ATHs with zero hype.
➤ No retail mania, no “when Lambo,” just quiet institutional flows
➤ We're in the midst of the great debasement trade and resurgence of apolitical money
➤ Market structure is also shifting—ETFs, funds, and corporates dominate
And yet, it feels like the bull market everyone’s sleeping through.
@joakimbook Stablecoins are quietly turning crypto into a new layer of U.S. dollar dominance.
➤ Tether earns billions with ~17 employees
➤ Every USDT minted strengthens demand for Treasuries
➤ Circle and US banks all want in
The global dollar system is quickly migrating onchain
@joakimbook The halving narrative may be dead.
➤ Issuance is too small to matter
➤ Institutional behavior, not miner supply, drives price
➤ 4-year cycles may be a relic of the past
Bitcoin's patterns will continue to evolve as it is financialized
@joakimbook #Bitcoin & crypto have matured:
➤ Prediction markets are merging with Wall St.
➤ Governments are hoarding BTC while media lags
➤ Stablecoins are reshaping the dollar system
➤ The 4-year cycle is fading at the hands of financialization
1.82K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.