Bits + Bips: Why Grayscale Sees ATHs Before Q3, With ETH Outperforming

We think Bitcoin reaches a new all time high in the first half of of twenty twenty six. My view would be Ethereum continues to outperform. Hi, everyone. Happy Thursday. Welcome back to another, episode of Bits and Bips, the interview. I'm your host, Steve Ehrlich. We're here after a few week hiatus and a lot to discuss. First, I wanna introduce my special guest, Zach Pandell, director of research at Grayscale Investments. So welcome, Zach. Hey, Steve. Great to to be here. Lots to talk about. Happy to get into it. Yeah. Absolutely. I mean, from, the the Fed intrigue on on, I guess, Monday or Sunday night when word leaked of, Trump helped me investigate it to geopolitical tensions all around the world that are making my intelligence analyst brain, really kinda go go exciting. The very first country I ever worked actually was Venezuela way back in in 2008. So so that and then, obviously, all of the, I guess, negotiations surrounding the market structure bill, the and whether or not it's going to pass. Is there a way forward on a few key sticking points, which we'll get into? And and on top of that, Bitcoin, ETH, and the broader market seeming to brush all of this off and and remain brilliant as it enters an exciting but potentially dangerous period of time or, trading range where in the past, it's retreated. But there might be a few signs that things are gonna be different this time. So we'll get into all of that. Before we do, just a little bit of housekeeping. Nothing that you hear on this program is investment advice. Please see unchained.com backslash bits and bips for, more information. And before we dive in, I'd also like to just take a brief break so we can hear from some of the sponsors who make the show possible. If you look at most debts today, they depend on quite a complex mesh of different infrastructure, a lot of which is centralized. Walrus is a decentralized data platform. It's particularly good with large unstructured data files, and it allows you to store and use those without dependency on any centralized systems. It works really well as part of the Swiss stack. It was created by Mystin Labs who are also the originators of that Swiss stack. And what that means is natively together, they allow developers to build, with trust, ownership, privacy baked in right from the beginning. And what this does is it allows you to build use cases that monetize data in ways that just have not been possible before. So there are whole new revenue streams that are now available to builders to, to come and build on Morris. Okay. Alright. So let's kinda dive right into this. Zach, we're talking a little afternoon eastern time on Thursday. And, I guess late last night, word leaked that, senator Tim Scott, the Republican chairman of the Senate Banking Committee, has decided to, …