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Apr 09, 2026

CFB Talks Digital Assets Episode 56: Live X Space - Bitcoin In Crisis

In the inaugural CF Benchmarks Live X Space, recorded April 1 2026, Head of Research Gabe Selby, CFA is joined by Kraken's Chief Economist Thomas Perfumo, CFA, CF Benchmarks Research Analyst, Mark Pilipczuk, and Senior Product Manager, Cristian Isac, for a wide-ranging discussion on markets.

The team unpacks Bitcoin's surprising resilience during Operation Epic Fury, why traditional safe havens like Treasuries failed to protect portfolios, and what the Fed's paralysis between inflation and a weakening labor market means for rate expectations heading into the Powell-to-Warsh transition.

They also dig into the breakdown of the Bitcoin–M2 money supply relationship (and why that dislocation may signal undervaluation), MicroStrategy's evolving capital structure and preferred yield, the emerging world of Bitcoin structured products, and what institutional appetite on the ground at the recent DAS conference tells us about where the market is heading next.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.


Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.


Ken Odeluga
Ken Odeluga

Ken Odeluga

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