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Host John Gillan speaks with former Coinbase institutional research head David Duong about Bitcoin’s breakout above $72,000 and the $3 billion short squeeze behind it. Duong believes the market has likely bottomed, but says sustained ETF inflows, stronger volume and a firm hold above recent range highs are needed to confirm a new trading regime.
Duong explains why Treasury buybacks, Jackson Hole and the Federal Reserve’s inflation stance could shape risk appetite into late Q3 and Q4. He rejects the idea that the current move is simply a renewed debasement trade, arguing that discounted prices, improving flows, trend and momentum offer a clearer explanation.
The discussion also covers Ethereum and altcoins, crypto regulation, and the prospect of compliant perpetual futures in the US. Duong expects capital to favor assets with institutional demand, real usage, fees or revenue—and predicts Bitcoin will finish the year above $100,000.
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