Bitcoin Is Rising During War… Here’s Why w/ Max Gokhman

Max Grockman breaks down Middle Eastern Bitcoin flows, institutional adoption, risk-aware crypto portfolio design, and an agentic AI future reshaping on-chain markets.

Key Takeaways

Opaque Middle Eastern capital and improved on/off ramps drive flows into Bitcoin and stablecoins; treat Bitcoin as transactional store, not a volatility-free safe haven.
Stablecoins act like fee-free casino chips and on/off ramps; use them to park liquidity, access DeFi, and manage short-term fiat exposure.
Institutional entry is accelerating—asset managers and TradFi leaders are reallocating; evaluate whether their moves make strategic sense for your strategy.
Build crypto portfolios with a core-satellite approach: L1s as stable core, L2s/DeFi/gaming as satellites; prioritize downside risk before chasing asymmetric upside.
Develop forward-looking risk models using token volatility drivers, on-chain and developer metrics, plus quantitative signals to optimize allocations and conviction.
Prepare for agentic on-chain activity—AI agents will transact, mint tokens, and form decentralized firms; evaluate trust, integrate agents, and spot emergent trends early.
Luna’s collapse is a cautionary tale: expect failures, accept losses as learning, verify collateral claims, and don’t ignore clear red flags.

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