The latest price moves and insights with Jenn Sanasie and Managing Partner at Dragonfly Tom Schmidt.To get the show every day, follow the podcast here.On "Markets Daily," Tom Schmidt, Managing Partner at Dragonfly, discusses market pricing, indicating a 0% probability of a rate cut in June. He and Sanasie delve into the disappointing performance of Hong Kong ETFs compared to US ETFs, highlighting the former's role as an accessible vehicle for Bitcoin investment endorsed by regulators. Despite Hong Kong's crypto-friendly environment, ETF inflows are slowing in both Hong Kong and the US, with investors shifting towards lower-cost options to reduce fees and improve returns. The conversation anticipates a potentially more hawkish tone from the upcoming Fed meeting but remains optimistic about controlling inflation. They also touch on conflicting views regarding inflation and rate cuts, noting external pressures favoring lower rates to stimulate the economy.Chapters | 00:00 Introduction02:15 Hong Kong ETFs04:15 Regulatory Endorsement: The ETF's Impact on Bitcoin as an Asset Class06:38 Conflicting Ideas on Inflation and Rate Cuts08:45 The Future Price Range of Bitcoin10:56 The Importance of Regulatory Compliance13:02 The Potential Turf War Between the SEC and CFTC13:43 The Need for Clarity and a Clear Path Forward14:31 The Importance of Points in Bootstrapping Networks15:30 The Future of Liquidity Mining and PointsLINKS | CoinDesk 20 Dragonfly Capital -Consensus 2024 is where experts convene to discuss ideas shaping our digital future. Join developers, investors, founders, brands, policymakers, and more in Austin, Texas from May 29-31. CoinDesk curates the tenth annual Consensus to feature the industry’s most sought-after speakers, unparalleled networking opportunities, and unforgettable experiences. Take 15% off registration with the code MD15. Register now at consensus.coindesk.com.-This episode was hosted by Jenn Sanasie. “Markets Daily” is produced and edited by senior producer Michele Musso, and executive producer Jared Schwartz alongside Senior Booker, Melissa Montañez—all original music by Doc Blust and Colin Mealey.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.