Remy Blaire is joined by Nic Roberts-Huntley, the CEO and Co-Founder of Blueprint Finance. Nic explains that the recent price action in Bitcoin can be attributed to a substantial amount of ETF outflows over the past month, which has created significant structured selling pressure. He mentions that long-term holders are beginning to divest their positions, a trend that, while healthy in the long run, contributes to the current market dynamics.
As the conversation broadens to encompass the overall crypto market, Remy and Nic discuss how Ethereum is also experiencing a notable decline, with ETH down around 10%. Nic points out a resilience in the altcoin market, particularly in BTC pairs, due to less structured sell pressure from ETF outflows. He emphasizes the importance of rebalancing and reorientation as the financial year comes to a close, which often impacts risk assets like cryptocurrencies.
The discussion then shifts to the recent earnings report from NVIDIA and its implications for the risk landscape. Despite a strong performance from NVIDIA, concerns about a potential AI bubble have emerged, drawing capital away from digital assets. Nic shares his perspective that the AI sector, being capital-intensive, will continue to attract investment, which may affect the flow of capital into cryptocurrencies.
Remy and Nic also explore the regulatory landscape for cryptocurrencies, especially following the recent government shutdown. Nic reflects on the progress made in 2025 regarding regulatory clarity around securities and commodities, particularly with stablecoin legislation. He expresses hope for further clarity and frameworks in 2026 that extend beyond stablecoins and ETFs, allowing for a more comprehensive understanding of digital assets as an investment class.