CoinDesk Podcast Network

Transform Ventures CEO and author of "Bitcoin Supercycle” Michael Terpin joins CoinDesk's Jennifer Sanasie on Markets Outlook to explain why he believes the bear market is over and "Bitcoin winter," the long climb back to the top, has officially begun. Terpin lays out his path to $120K by late next year, why 2028-29 could bring a rare collision of presidential and stock market cycles, when he sees million-dollar bitcoin, and why he believes an altcoin supercycle is coming too.

Plus, GSR’s Managing Director of Asset Management Andy Baehr on why fixed income, not equities, will be the real catalyst that takes tokenization mainstream.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Join the Testnet now at realfi.co.

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Timecodes:

00:00 - Michael Terpin Joins Markets Outlook

01:02 - Bitcoin Winter Is Here: Why the Bull Market Has Begun

02:40 - The Four Seasons of Bitcoin, Explained

04:45 - The Path to $120K Bitcoin

06:02 - Does the AI Trade Make This Cycle Different?

07:34 - When Bitcoin Breaks From Risk Assets

08:52 - The 2028-29 Cycle Collision

10:39 - Why Million-Dollar Bitcoin Needs a Supercycle

12:58 - Brand New Rails: Why Fixed Income Beats Equities for Tokenization

16:12 - Million-Dollar Bitcoin by 2037?

17:45 - 95% Mined: The Coming Supply Shock

18:38 - 28M Millionaires, 21M Bitcoin: What the Market Is Missing

19:44 - What Happens When the Last Bitcoin Is Mined?

20:52 - The Coming Altcoin Supercycle

22:53 - Memecoins Meet Tokenized Stocks

Securitize is tokenizing ARK's Venture Fund, putting stakes in OpenAI, Anthropic and Stripe onchain. CoinDesk’s Jennifer Sanasie caught up with Securitize CEO and Co-Founder Carlos Domingo at the Avalanche Summit to get more insight on the fund. He shares why it's launching on Ethereum first and what a daily NAV and on-chain trading mean for investors. Plus, he weighs in on the tokenized equities fight between AMC and Robinhood.

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Timecodes:

00:00 - Carlos Domingo on Tokenizing ARK's Venture Fund

00:24 - Why This Fund, and Why Now

01:03 - Ethereum First, But Not Ethereum Only

01:24 - What Retail Investors Need to Know

02:04 - Does Onchain Make OpenAI and Anthropic Exposure Liquid?

02:35 - The AMC Fight: Should Companies Get a Say?

03:37 - Tokenization Education Has to Reach CEOs Now

04:17 - How Much of the Roadmap Rides on Exemptive Relief

05:07 - What Happens If the SEC's Rules Get Challenged

05:41 - The Future: When We Stop Saying "Tokenized"

Can CLARITY pass during the lame duck session?

White House crypto adviser Patrick Witt and Treasury official Luke Pettit said the Clarity Act is unlikely to pass in the lame duck session, with the focus now shifting to the SEC and CFTC. "There's no time to waste now," Witt said. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Jennifer Sanasie . “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

A $3M bet on Bitcoin hitting $95K by October.

A single trader placed a $3.17 million options bet that bitcoin will reach $95,000 by the end of October, using a strategy that pays off most if BTC lands right at that level. CoinDesk's Uyen Truong hosts "CoinDesk Daily."

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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

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This episode is brought to you by Grayscale, the world's largest digital asset-focused investment platform. Grayscale's mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.

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This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by Strike CEO Jack Mallers, who explains why he stepped down as CEO of Twenty One Capital, makes his case for bitcoin as "the most American money," and unpacks the launch of Strike Private. Zero Knowledge Group Founder and CEO Austin Campbell breaks down the CLARITY Act's failure to advance in the Senate, why the GENIUS Act has already reshaped the regulatory landscape, and how crypto has become caught in a broader fight over congressional ethics heading into the midterms. Plus, Christian Lopez, Managing Director and Head of Blockchain and Digital Assets at Cohen & Company Capital Markets, on the Fed's rate hike, how Anthropic's looming IPO is soaking up market liquidity, and why the tokenization of real-world assets is pulling Wall Street into crypto.

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Learn more at bullish.com.

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Register now for CoinDesk's Policy and Regulation event on September 22, 2026: policy-regulation.coindesk.com.

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To get market-moving news delivered daily, download CoinDesk's mobile app: linktr.ee/coindeskapp.

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Chapters/Timecodes:

00:00 Welcome to Public Keys

00:26 Markets: Bitcoin Tops $85K After the Fed Hike

00:50 Oil, Iran and the Trump-Xi Summit

01:13 Anthropic Pushes Its IPO to November

01:31 Strike CEO Jack Mallers Joins

02:04 Why Mallers Left Twenty One Capital

04:28 Mallers' Bitcoin Outlook and Advice

06:22 Why Bitcoin Doesn't Need the CLARITY Act

08:19 Bitcoin as Legal Tender and 'The Most American Money'

09:50 Inside Strike Private and Bitcoin-Backed Loans

13:10 Austin Campbell on the CLARITY Act's Senate Defeat

14:58 Why GENIUS Already Changed the Game

16:01 Crypto, the Midterms and the Ethics Fight

18:00 Could a Future Administration Undo the Rules?

19:47 Stablecoins as the Leading Force

21:35 Bitcoin and Ether ETF Flows

22:24 Christian Lopez on the Fed and Risk Assets

24:28 How the Anthropic IPO Soaks Up Liquidity

26:21 Q3 Earnings and Tokenizing Real-World Assets

28:44 Why TradFi Is Racing Into Crypto