This week Imran and David get a chance to catch up one-on-one and Imran gives a breakdown of the Microstrategy trade that has been fuelling recent Bitcoin strength as Micheal Saylor announced his recent purchase of more than $5Bn last week. David's macro outlook remains constructive after the appointment of Treasury Secretary Bessent which has led to a pullback in the dollar and US bond yields. The rejection of 100k in BTC has led to a swift repricing in front-end skew which suggests the correction could still have legs according to Imran.
