240,000x Revenue Valuations — The Crypto Speculation Trap | Ep 507
Will opens with TA — Bitcoin coiled, oil pushing through $100, Hyperliquid finally selling off (anything below $35 is a good DCA, in his view). He hands off to Alex around 22 minutes. From there it's solo Alex on the new Clarity Act draft. Page 209 to 309 is the part everyone's been waiting for, and it does what TI 020 warned about: passive yield is banned. Banks win — there's now no incentive for a depositor to move money from a savings account to a Kraken stablecoin balance to earn yield, because the stablecoin can't legally pay it. The bank lobby got what they wanted. A few crypto…
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