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Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Welcome to the Bankless Weekly Roll-Up.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

It's the first week of June, and we've got Haseeb on the show, subbing in for Ryan this week.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Haseeb, how are you doing?

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Rough day because of the markets?

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Yes.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Is this different than any of the times in the past?

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

I think what you're saying is like, eh, this happens.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

This is what we go through in crypto.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

And this is par for the course.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

That's right.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

We're going to talk about a handful of things on the podcast today.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Is Michael Saylor going to kill Bitcoin?

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Bitcoin is trading at its 200 week moving average while Stretch is trading off of its peg.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Saylor is in the middle of a confidence game with a market.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

We'll see whose wins.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Tom Lee and BitMind have announced that they're going to issue an equity yield instrument right in the middle of Stretch being distressed.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

We're going to talk about whether that's a good idea or not.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

Despite the weakness in the majors of crypto, some tokens are still very green on the week.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

That, to me, is new.

Bankless
ROLLUP: Bitcoin’s Confidence Game | Bitmine’s ETH Bet | Token Rotation | U.S. Perps

So what to make of that?

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