Bitcoin Enters Global Rotation, Corporate Treasury Trend Accelerates | Token Narratives Ep. 45

About this episode

This week on Token Narratives, Graham, David, and Sal unpack a pivotal shift in Bitcoin’s positioning amid evolving macro dynamics. As U.S. equities wobble, Bitcoin’s resilience sparks discussion about whether it’s beginning to decouple — becoming a beneficiary of global capital rotation. Graham outlines a bullish thesis rooted in geopolitical diversification, referencing insights from Le Shrub, while Sal highlights how crypto narratives vary drastically by geography — with Toncoin’s regional divergence as a case study.The crew also breaks down the accelerating trend of public companies adding Bitcoin to their balance sheets. From MetaPlanet’s 23x stock pump to GameStop’s $1.3B raise, the MicroStrategy playbook is going global. But does this set up Bitcoin for long-term strength or systemic fragility?In a deep dive on the Hyperliquid “Jelly Jelly” incident, David walks through the mechanics of a complex exploit attempt — and why Hyperliquid’s centralized intervention may have been necessary. The conversation explores what decentralization really means for high-performance crypto markets and whether full decentralization is even possible in perp DEXs.Finally, in the trenches, the crew explores the fast rise — and inevitable fall — of $Ghibli, a meme coin fueled by AI-generated Studio Ghibli mashups and viral Twitter memes. Sal outlines how organic virality still drives huge pumps, but cautions about shorter attention cycles and faster exits.

Hosted by Bitcoin.com News Media

Mar 28, 2025

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