The most crypto-friendly US administration in history is in place. Real use cases like stablecoins are scaling fast across the globe. The SEC has stopped trying to sue the industry out of existence… and yet crypto as an asset class is the lagging part of 2026's ripper market, with Bitcoin back to its August 2024 level (hovering below $63,000) and the major altcoins down a lot more.

The week of the SpaceX IPO mania, we recorded Episode 09 of Money Moves and dug into this puzzle. In it, we cover where the crypto retail investors actually went. We try to answer whether they are all chasing AI equities now because of the outsized returns seen over the last few years, and whether cryptocurrencies, as an asset class, are still relevant in an age of AI risk assets that can deliver crypto-shaped returns. We all define “crypto” as the tradable asset. A very important distinction, because blockchain, as a technology, has already cemented itself as a core part of financial infrastructure and is working to cement itself as the settlement layer and medium of exchange for agentic finance.

Money Moves is a weekly conversation about the technologies rebuilding the global financial system. Stablecoins, tokenization, private credit, market structure, prediction markets, and what generative AI is doing to capital.

Three hosts, three vantage points. Dave Sutter builds the rails: he built one of the first Bitcoin wallets in the App Store, was an executive at Centre, the joint venture behind USDC, and now runs stablecoin infrastructure for global fintechs. Ian Epstein builds the markets that run on them: a decade running his own book as a senior portfolio manager at one of the best performing macro funds of its era, now co-CEO of Profitr. Samantha Lewis funds both, investing at Mercury Fund at the point where these worlds meet.

Two kinds of episodes. Deep dives are the three of them taking one question all the way down. Most weeks a guest joins who sees a piece of it none of the three can see alone: a founder, an allocator, a regulator, or someone who thinks the hosts have it wrong.

Made for people who work in finance and want the mechanism, not the marketing. No hype, no maximalism, no financial advice.

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