The DeFi Report

What does the new Fed Chair mean for Crypto?

In this episode of The DeFi Report, Mike and Ryan break down what Trump’s pick for Fed Chair, Kevin Warsh, could mean for crypto, and why a real regime shift might be back on the table. They unpack Warsh’s record as a Fed governor, his critique of QE and the swollen balance sheet, and the big question markets are not pricing: is the Fed Put still alive? Mike explains why he still views crypto as in a bear market, the onchain and cycle metrics he needs to see before going risk-on, and how a Nasdaq rollover tied to an AI unwind could drive the next leg lower. They close with fair value targets, downside scenarios, and what would finally flip Mike into buy mode.----📣THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.transistor.fm/https://thedefireport.io/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro2:15 The Bloodbath in Crypto Prices2:52 Analyzing the New Fed Chair7:21 Warsh's Views on Inflation10:19 Trump & Warsh's Alignment12:55 The Fed Put: A New Perspective18:05 Constraints on Warsh's Policies20:59 The Uncertainty of the Fed's Influence21:50 Crypto's Bear Market Outlook23:32 Metrics for Bitcoin's Recovery25:27 Long-Term Holders' Market Behavior27:13 The State of Bitcoin Miners29:35 NASDAQ & Tech Sector Trends32:54 The AI Bubble and Its Implications35:35 The Potential for Market Unwind39:39 ISM Data and Economic Signals40:45 Mike's Risk-On Strategy Insights42:41 Closing & Disclaimers----Not financial or tax advice. For educational purposes only.

Why is Bitcoin Underperforming Gold?

In this episode of The DeFi Report, Mike and Ryan break down why Bitcoin is underperforming gold, what the BTC/Gold ratio is signaling about the next bottom, and why this setup may be more bullish than it looks. They unpack China’s role in driving the gold trade, why Bitcoin still behaves like a risk-on asset, and how investor “envy” distorts cycle perception. Mike lays out realistic downside scenarios, key support levels to watch, and the onchain signals he needs to see before deploying capital.----📣THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://www.youtube.com/@thedefireporthttps://thedefireport.io/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro2:08 Bitcoin vs. Gold Ratio Analysis8:19 Understanding Gold's Outperformance13:12 China's Impact on Gold Demand14:27 Bitcoin's Future as a Reserve Asset16:27 Potential Bottom for Bitcoin Ratio20:25 Market Sentiment & Investor Behavior26:35 Onchain Metrics and Market Conditions33:41 The Future of Real World Assets in Crypto34:59 Closing & Disclaimers----Not financial or tax advice. For educational purposes only.

Constructing a Portfolio

In this episode of The DeFi Report, Mike and Ryan lay out Mike’s full portfolio construction framework for a crypto bear market. We walk through how he sizes Bitcoin as the anchor, how core and high-beta assets fit into the cycle, and why price matters more than narratives right now. Mike also shares fair value targets across nearly 30 assets, explains why most investors rush entries too early, and what signals he’s waiting for before going risk-on again.----📣THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.transistor.fm/https://thedefireport.io/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro1:50 Market Overview & Conditions4:03 Constructing a Portfolio7:00 Importance of Bitcoin10:41 Core Assets Explained13:26 Long-Term Holds Strategy14:06 Risk-On Assets Discussion17:36 Price Targets for Each Sleeve20:54 Core Asset Candidates29:13 Long-Term Holds & Watchlist33:13 Meme Coins and Market Cycles36:41 Analyzing the Watchlist40:30 Closing & Disclaimers----Not financial or tax advice. For educational purposes only.

Next Stop $100k?

Bitcoin is pushing toward $100K, but is the move real or just a positioning unwind? Mike and Ryan break down the CPI surprise, real rates and breakevens, why global liquidity still looks like it’s rolling over, and what the onchain data says about true demand, from ETF flows to long term holder selling, open interest, and funding. Mike explains what would convince him this rally can reclaim $100K as support, and why he’s still staying patient and largely in cash.----📣THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.transistor.fm/https://thedefireport.io/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----TIMESTAMPS0:00 Intro0:14 Next Stop: $100K Bitcoin?1:10 Positive Price Action4:54 Powell's Prosecution & Market Impact6:08 Bitcoin's Moment?9:14 Understanding Real Rates & CPI12:19 Global Liquidity & Bitcoin17:57 Onchain Data Insights21:47 Market Demand Signals26:14 Anticipating Market Reactions32:15 Upcoming Assets on the Watchlist35:44 Closing----Not financial or tax advice. For educational purposes only.

Our Outlook for 2026

📣THE DEFI REPORT | FOLLOW & SUBSCRIBEhttps://thedefireport.transistor.fm/https://thedefireport.io/https://x.com/the_defi_reporthttps://x.com/JustDeauIt----Today on The DeFi Report, we’re mapping the 2026 setup: shifting fiscal flows, tighter liquidity, and why rate cuts are not automatically bullish for crypto. Mike stays risk off (80 percent cash) while he watches for the signals that would force a pivot, falling real yields, a dovish Fed, and Bitcoin reclaiming key levels. We also break down where we are in the market cycle, why a counter rally could be a trap, and what Mike’s $65K fair value target implies for positioning this year.----TIMESTAMPS0:00 Intro1:10 Setup for 20265:54 Macro & Liquidity Setup8:46 2022 Comparison 11:40 U.S. Liquidity Cycle Insights13:20 Bitcoin & Interest Rates16:34 Labor Market Insights18:49 Real Estate Trends21:04 Midterm Year Implications23:30 Asset Allocation Cycle26:18 Crypto Cycle Analysis29:38 Transition Phase in Crypto34:23 Geopolitical X Factor37:12 Closing & Disclaimers----Not financial or tax advice. For educational purposes only.