Markets Outlook

Anthony Scaramucci and Joy Pathak discuss how decentralized exchanges and 24/7 liquidity are revolutionizing market transparency and risk management, positioning crypto as a more resilient alternative to traditional finance. Skybridge Capital founder Anthony Scaramucci, and The Wizard of Soho, Joy Pathak joined CoinDesk Live from Consensus Hong Kong. Pathak, a former bond trader who once managed a $40 billion portfolio at CalPERS, explains why leverage didn't die after the recent market crash—it simply moved into a new, more transparent era. He breaks down how the rise of decentralized exchanges like Hyperliquid and Aevo has handed institutional-grade tools to retail traders, creating an environment where every multi-billion dollar position is visible to the entire world in real-time. Scaramucci argues that while some Wall Street "fuddy-duddies" fear volatility, crypto’s 24/7 liquidity actually makes it a safer market than traditional finance. By comparing the ability to hedge an exogenous risk on a Sunday night to the "trapped" nature of closed bond markets, Scaramucci and Pathak illustrate why the "horseless carriage" of blockchain is destined to outrun legacy systems. - This episode was hosted live by Jennifer Sanasie and Will Foxley at Consensus Hong Kong 2026, presented by Hex Trust.

As the crypto markets teeter on the edge, 10x Research founder, Markus Thielen, joined Consensus Live at Consensus Hong Kong to deliver a sobering reality check on bitcoin’s trajectory. Thielen explains why the recent volatility isn't just a temporary dip but the potential start of a deeper trend driven by institutional redemptions and a massive liquidity gap. He breaks down the technical "liquidity trap" that caught traders off guard following the 2024 election and explains how negative option gamma forced market makers into a selling frenzy. - This episode was hosted live by Sam Ewen and Will Foxley at Consensus Hong Kong 2026, presented by Hex Trust.

SkyBridge Capital Founder Anthony Scaramucci joins Jennifer Sanasie and Will Foxley to diagnose the current bear market and the "Trump coin" liquidity drain. Scaramucci reveals why 60-year-old money managers are currently choosing gold over Bitcoin, compares the banking lobby to the dying taxi industry, and explains why he’s doubling down on his $150,000 year-end price target despite the current fear index hitting a record low. - This episode was hosted live by Jennifer Sanasie and Will Foxley at Consensus Hong Kong 2026, presented by Hex Trust.

Moving Wall Street on-chain with Ondo Finance President Ian De Bode. Ondo Finance President Ian De Bode joins Jennifer Sanasie and Andy Baehr on CoinDesk Live at the Ondo Summit to discuss the firm's ascent to more than $2 billion in TVL and its roadmap for 2026. De Bode explains how Ondo is moving beyond simple asset issuance to build a comprehensive on-chain prime brokerage. A key pillar of this strategy is the launch of Ondo Perps, a platform that allows users to trade perpetual futures on equities and commodities using their tokenized spot assets as collateral. By bridging the gap between TradFi and DeFi, Ondo is turning crypto wallets into a place where global investors can access, hedge, and leverage 200+ tokenized stocks and ETFs 24/7. - Timecodes: 01:07 - Ondo Finance 2025 Milestones and Looking Ahead02:28 - The "Land Grab" in Tokenization04:10 - Solving the Retail Demand for 24/7 Stocks06:15 - Why Ondo Perps Is the Big Play for 202607:58 - Will Investors Still Use Centralized Exchanges and Perps? - This episode was hosted by Jennifer Sanasie and Andy Baehr.

Unpacking ETF investor reaction in the market downturn with Bloomberg Intelligence's Eric Balchunas. Bloomberg Intelligence Senior ETF Analyst, Eric Balchunas joins CoinDesk's Jennifer Sanasie to discuss why ETF investors are staying remarkable steady while the rest of the market panics. He breaks down the "irony" of ETF boomers showing stronger diamond hands than crypto natives by treating bitcoin as a "hot sauce" allocation within diversified portfolios. Watch to learn how bitcoin’s volatility compares to the 22-year history of Gold ETFs and why this drawdown might just be another cycle for the asset class. - Timecodes: 00:56 - The Volatility Cost of "Holy Grail" Returns02:33 - The Resilience of "ETF Boomers"04:09 - What's the Future Hold for ETF Holders?06:22 - Bitcoin = "Teenager Gold"09:06 - The "Hot Sauce" Portfolio Allocation13:00 - Performance of Altcoin ETFs (XRP & SOL)14:59 - The Future of Ethereum & Layer 2s - This episode was hosted by Jennifer Sanasie.

Live from the Ondo Summit in NYC, Pantera Capital Founder, Dan Morehead joins Jennifer Sanasie and Sam Ewen for a special Markets Outlook to explain why he’s more bullish now than when he launched the first US crypto fund in 2013. Morehead revisits his "freaky" prediction that saw Bitcoin peak on the exact day he forecast years prior and outlines the path to a $750,000 price target. He breaks down the recent IPO wave and why the next 18 months will be defined by a massive consolidation of Digital Asset Treasuries. - Timecodes: 1:15 - Morehead’s Rule for Holding Through a "Sea of Red"3:36 - What to Do When Your Portfolio is Underwater4:23 - The Path to $750K Bitcoin5:15 - How the Crypto IPO Wave Returns Billions to the Ecosystem6:08 - Pantera’s 86% Success Rate Over 12 Years of Investing7:27 - The Great DAT Consolidation10:01 - Why This Is Just the Beginning for Institutional Adoption - This episode was hosted by Jennifer Sanasie and Sam Ewen.

Live from the Ondo Summit in NYC, Stocktwits CEO Howard Lindzon joins Jennifer Sanasie for a special Markets Outlook to break down the rise of the Degenerate Economy, where 24/7 speculation has replaced traditional entertainment. As AI and LLMs commoditize Wall Street research, Lindzon highlights how social sentiment has become the last remaining edge for the modern trader. This shift is central to his Social Relative Strength framework for spotting overlooked assets, a strategy he uses to explain why the retail crowd is currently front-running a debasement trade in gold and silver, even ahead of bitcoin. - Timecodes: 0:54 - Defining the Degenerate Economy in 2026 2:45 - The Evolution of StockTwits and Social Trading 3:30 - The Impact of AI on Research and Trading 6:38 - The shift from Globalization to Deglobalization 9:13 - AI Agents and the Future of Retail Trading - This episode was hosted by Jennifer Sanasie and Andy Baehr.

Bitwise CIO Matt Hougan breaks down the 2025 bear market, central banks’ preference for bitcoin over gold, and Solana’s potential to challenge Ethereum's dominance. Bitwise Chief Investment Officer, Matt Hougan joins CoinDesk’s Markets Outlook with Jennifer Sanasie and Andy Baehr. He explains why he believes 2025 was a bear market and where he sees markets going from here. Hougan breaks down why central banks are eyeing bitcoin as a superior self-custody tool to gold, Bitwise’s on-chain yield vaults, and why he's betting on Solana as the challenger to Ethereum's dominance. With President Trump tapping Kevin Warsh for Fed Chair, Hougan weighs in on what this means for crypto. Notably, Warsh is listed as an investor and advisor on Bitwise’s website.- Timecodes:0:53 - Why Are Markets Down Today?3:13 - Precious Metals vs. Bitcoin7:05 - Why the Crypto ETF Genie is Already Out of the Bottle9:15 - Bitwise’s On-Chain Yield and DeFi Vaults13:22 -What Central Banks Are Asking Bitwise About Bitcoin17:44 - How Matt Hougan Thinks BTC Gets to $6.5 Million in 20 Years19:15 - Beyond BTC and ETH: Matt Hougan’s Case for Altcoins21:00 - Solana vs. Ethereum: The Battle for Wall Street24:20 - What Impact Would Trump’s Fed Reserve Chair Nominee, Kevin Warsh, Have on Crypto? - This episode was hosted by Jennifer Sanasie.

SharpLink CEO, Joseph Chalom joins CoinDesk to explain why Ethereum is poised for 10x TVL growth in 2026, driven by RWA tokenization, sovereign wealth migration, and SharpLink’s role as the world’s second-largest public ETH holder. SharpLink CEO and former BlackRock head of digital assets strategy, Joseph Chalom, joins CoinDesk's Jennifer Sanasie on Markets Outlook. He  explains why he believes Ethereum’s Total Value Locked (TVL) is poised for 10X growth in 2026. Chalom breaks down how stablecoins, RWA tokenization, and sovereign wealth funds are migrating to decentralized rails, effectively turning Ethereum into the "toll road" of global finance. They also dive into the rise of AI agents in DeFi and how SharpLink is pioneering a new institutional treasury model as the world’s second-largest public ETH holder. -Timecodes0:55 - Bitcoin and Ethereum Price Analysis2:41 - Gold, Silver, and Meme Commodities5:30 - Ethereum vs. Solana: The Battle for Wall Street7:24 - The Future of Tokenized Fund Complexes9:05 - Why the Lack of Crypto Legislation Won't Stop Institutional Builders10:29 - Quantum Computing and AI in Crypto17:11 - Sharp Link’s 2026 Strategy19:57 - How SharpLink Plans to Outlast Traditional Crypto Funds22:13 - Chalom's View for ETH in 2026 - This episode was hosted by Jennifer Sanasie.

Kevin O’Leary reveals why he slashed 27 crypto positions to pivot into a massive $70B energy infrastructure play, focusing strictly on the dominance of Bitcoin, Ethereum, and the power required to fuel them. Shark Tank investor Kevin O’Leary joins Jennifer Sanasie and Andy Baehr on Markets Outlook to break down why he recently slashed 27 crypto positions from his portfolio to focus strictly on the "Two Girl Dance" of bitcoin and ethereum, and the massive energy infrastructure that powers them. Kevin unpacks his 19% crypto allocation strategy, the $70 billion scale of data center development, and why he's moving into private debt markets for turbines. Plus, hear his take on why Solana and other altcoins face a "Sisyphean task" to catch ETH, and his bold prediction for the Clarity Act passage by May 15th. - Timecodes: 0:45 - Kevin O'Leary's Acting Debut 2:24 - Bitcoin Outlook 4:02 - Why Kevin Only Holds BTC and ETH 10:40 - It's Just Software" O’Leary’s Warning on Solana’s Narrative 15:30 - Why Kevin Says Power is More Valuable Than Bitcoin 19:30 - Why Land & Permits are the Ultimate Competitive Advantage 25:09 - Will Clarity Act Pass Before Midterms? - This episode was hosted by Jennifer Sanasie.

In today’s Markets Outlook, Etherealize founders Vivek Raman and Danny Ryan join Jennifer Sanasie to discuss why Ethereum is emerging from "regulatory purgatory" and entering a multi-trillion dollar repricing phase. - Check out CoinDesk’s research report on Pudgy Penguins at: ⁠https://www.coindesk.com/research/pudgy-penguins-a-new-blueprint-for-tokenized-culture⁠. - Timecodes: 01:20 – Will The Clarity Act Pass?02:56 – Why the Founders Remain Optimistic on Crypto Legislation04:47 – Why Danny Ryan Left the Ethereum Foundation for Etherealize05:30 – The Institutional Case for Ethereum11:46 – Why the Stalled Market Structure Bill Won't Stop Growth15:51 – $15,000 ETH: Breaking Down Vivek Raman’s 2026 Prediction20:41 – Can Ethereum Handle an Influx of Assets?22:26 – How Institutions Are Thinking About Privacy - This episode was hosted by Jennifer Sanasie.

Challenging bitcoin's safe haven status with Fairlead Strategies Founder Katie Stockton. In today's Markets Outlook, Katie Stockton of Fairlead Strategies joins CoinDesk's Jennifer Sanasie to break down why bitcoin is behaving more like a risk asset than a safe haven as it hits critical technical support levels. Plus, she explores the potential for a short-term relief rally and explains how to use the cloud model to manage risk during the current market transition. - Check out CoinDesk’s research report on Pudgy Penguins at: https://www.coindesk.com/research/pudgy-penguins-a-new-blueprint-for-tokenized-culture. - Timecodes: 01:09 - Is Bitcoin Losing Safe Haven Status?04:00 - Critical Support Levels for Bitcoin06:48 - Ether Price Targets and Technicals08:29 - What Does Divergence Between Crypto Assets & the Equities Market Mean?09:24 - Assessing the Altcoin Rotation - This episode was hosted by Jennifer Sanasie.

Exploring the memecoin index's ability to gauge the markets with CoinDesk's Jennifer Sanasie and Andy Baehr. After a rocky end to 2025, the New Year is off to a fast start with the memecoin index jumping 25% in just five days. In today's Markets Outlook, CoinDesk's Jennifer Sanasie and Andy Baehr break down the return of retail demand, the impact of the October 10th event, and what's ahead for 2026. - This episode was hosted by Jennifer Sanasie.

Bitcoin's major test in 2026 with Bitlayer Co-Founder Charlie Hu. In today's Markets Outlook, Bitlayer Co-Founder Charlie Hu joins CoinDesk's Jennifer Sanasie to discuss the major test bitcoin faces following the US military operation in Venezuela. Plus, he analyzes the 2026 market outlook, exploring how hyperinflation and geopolitical shifts are driving bitcoin adoption, and the rise of decentralized finance. - Check out CoinDesk’s research report on the State of Blockchain 2025 commissioned by Input Output Group: https://www.coindesk.com/research/state-of-the-blockchain-2025 - Timecodes: 01:27 - Analyzing the "Relief Rally" 02:21 - Bitcoin as a Lifeline Against Hyperinflation in Venezuela 05:39 - Digital Gold vs. Precious Metals in 2026 08:22 - Biggest Bottleneck Preventing Bitcoin from Entering DeFi 12:36 - Does the Rise of Stablecoins Change the Value Prop of Bitcoin in Emerging Markets? 15:49 - Why Charlie Still Believes Bitcoin is Headed to Another ATH 17:25 - What Charlie is Watching in 2026 - This episode was hosted by Jennifer Sanasie.

Gold's outlook for 2026 with SchiffGold Founder Peter Schiff. Euro Pacific Asset Management Chief Economist Peter Schiff has been named to CoinDesk’s 50 Most Influential list. In this interview with CoinDesk’s Jennifer Sanasie, the SchiffGold founder reflects on gold's record highs, and shares his skepticism of bitcoin, asserting that the cryptocurrency lacks the properties of sound money. He also predicts the collapse of Strategy’s business model and unveils his own pivot to the blockchain: a new tokenized gold product. - For more, check out CoinDesk’s 50 Most Influential article on Peter Schiff: https://www.coindesk.com/business/2025/12/16/most-influential-peter-schiff.  To see the full list, visit: https://www.coindesk.com/most-influential-2025. - Timecodes:  01:14 - Peter Schiff: The Unlikely Bitcoin Influencer 04:44 - Key Moments that Drove Gold to a Record High 06:23 - Where is Gold Headed in 2026?  10:33 - Why Scarcity Doesn't Make Bitcoin Sound Money 13:23 - The Myth of Government & Central Bank BTC Adoption 15:29 - Peter Warns About the Vulnerability of Bitcoin ETFs and Predicts Strategy’s Collapse 18:56 - Peter Continues to Challenge Michael Saylor to a Debate 20:18 - The Tokenized Gold Future 23:24 - Peter’s Reaction to CZ’s Comments on Tokenized Gold - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠midnight.network/break-free⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - This episode was hosted by Jennifer Sanasie.

Where bitcoin is headed and other predictions for the New Year with BitMEX Co-Founder and Maelstrom CIO Arthur Hayes. BitMEX Co-founder and Maelstrom CIO, Arthur Hayes has been named one of CoinDesk’s 50 Most Influential People. He joins CoinDesk's Jennifer Sanasie, to discuss his famous and persistent $250,000 bitcoin forecast and the macro forces driving it. Plus, he explains why Zcash is his best investment and reveals his top three assets for 2026. To hear more from Arthur Hayes, visit:  X - https://x.com/cryptohayes  IG - https://www.instagram.com/cryptohayes/ Web - https://www.cryptohayes.com  LinkedIn - https://www.linkedin.com/in/arthur-hayes-b493b42/  Substack - https://cryptohayes.substack.com/  – For more, check out CoinDesk’s 50 Most Influential article on Arthur Hayes: https://www.coindesk.com/business/2025/12/11/most-influential-arthur-hayes.  To see the full list, visit: https://www.coindesk.com/most-influential-2025.  – Timecodes:  00:52 - Why What Arthur Says Resonates  01:32 - His Best Spat of 2025 02:25 - Why Zcash Finally Popped Off 04:49 - Arthur’s Zcash Prediction 07:03 - His Top Three Investments of 2025 08:07 - “It Doesn’t Matter Who Wins” - The Election Cycle and Massive Money Printing 12:02 - Is Bitcoin’s Rise Worrisome for the U.S. Economy? 12:55 - Arthur’s BTC Price Predictions 13:45 - The Biggest Crypto Trend of 2026 15:18 - The Biggest Challenge & Biggest Win for the Crypto Industry - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠midnight.network/break-free⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - This episode was hosted by Jennifer Sanasie.

A look at Forward Industries' strategy leveraging Solana's ecosystem with Multicoin Capital Co-Founder & Managing Partner Forward Industries Chairman Kyle Samani. Speaking with CoinDesk from Solana Breakpoint, Multicoin Capital Co-Founder & Managing Partner Forward Industries Chairman Kyle Samani discusses the biggest news from the event, including major financial firms launching tokenized products on the network. He explains how Forward Industries is actively leveraging Solana's thriving DeFi ecosystem to generate yield—a strategy fundamentally different from bitcoin treasury models, and reveals his prediction for the inevitable consolidation of digital asset treasury companies. - This episode was hosted by Jennifer Sanasie and Marissa Trew.

Solana predictions with Founder and Managing Partner of SkyBridge Capital, Anthony Scaramucci. Anthony Scaramucci, Founder and Managing Partner of SkyBridge Capital and author of the new book Solana Rising, joins CoinDesk Live from Solana Breakpoint in Abu Dhabi to lay out his prediction for the Solana ecosystem. He explains why Solana is poised to become a core layer for global tokenization, his belief that SOL will flip ETH in market cap, and how regulatory clarity (or lack thereof) in the U.S. will affect the next cycle. - This episode was hosted by Jennifer Sanasie and Marissa Trew.

Ondo's launch of tokenized US stocks and ETFs within the Binance wallet with Ondo Finance President Ian de Bode. Ondo Finance President Ian de Bode joins CoinDesk Live, presented by Celo, from Binance Blockchain Week to announce the launch of tokenized US stocks and ETFs within the Binance wallet, giving 280 million global users 24/7 access to US capital markets. Plus, he explains why tokenized assets are superior to traditional brokerage accounts, offering seamless transferability, DeFi utility, and lower fees for international investors. - This episode was hosted by Jennifer Sanasie and Sam Ewen.

The first traditional exchange-listed bitcoin and ether perpetual futures in Asia with Laurent Poirot, SGX Group's Head of Strategy for Derivatives. In today's Markets Outlook, SGX Group's Head of Strategy for Derivatives, Laurent Poirot, joins CoinDesk's Andy Baehr to discuss the launch of the first traditional exchange-listed bitcoin and ether perpetual futures in Asia. He breaks down how this groundbreaking product merges crypto-native innovation with trusted TradFi infrastructure to meet surging institutional demand. - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠midnight.network/break-free⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - Need liquidity without selling your crypto? Take out a ⁠⁠⁠⁠⁠⁠Figure Crypto-Backed Loan⁠⁠⁠⁠⁠⁠, allowing you to borrow against your BTC, ETH, or SOL with 12-month terms and no prepayment penalties. They have the lowest rates in the industry at 8.91%, allowing you to access instant cash or buy more Bitcoin without triggering a tax event. Unlock your crypto’s potential today at Figure! ⁠⁠⁠⁠⁠⁠https://figuremarkets.co/coindesk⁠⁠⁠⁠⁠⁠ - This episode was hosted by Andy Baehr.