2026 Crypto Outlook: Near-Term Headwinds, Second-Half Upside

Thank you to everyone who joined my annual outlook call today. Below are several high-level takeaways, along with the latest Core Strategy and Crypto Equity portfolios.

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The Headwinds

Near-Term Risks Mounting: Q1 risks to crypto include a potential government shutdown, renewed trade policy volatility, waning confidence in AI capex returns, and uncertainty around the Fed Chair transition, all of which could pressure markets currently charact...

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