Market Structure, Macro Volatility, and the Next Phase of Crypto | Michael Anderson & Vance Spencer episode artwork

EPISODE · Jan 21, 2026 · 51 MIN

Market Structure, Macro Volatility, and the Next Phase of Crypto | Michael Anderson & Vance Spencer

from Bell Curve · host Blockworks

This week, Michael and Vance discuss recent market volatility, crypto legislation,interest rate and housing market outlooks, Tom Lee and BitMine developments, AI industry consolidation, and emerging onchain business models. Thanks for tuning in! – Follow Michael: https://x.com/im_manderson Follow Vance: https://x.com/pythianism Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH —- TIMESTAMPS (00:00) Introduction (01:21) Market Outlook (11:39) Interest Rates and the Housing Market (19:32) Thoughts on the Fed Chair (21:17) Tom Lee and BitMine (29:13) The AI Space Today (37:27) Cult Stocks (43:06) Lighter vs Hyperliquid (46:38) Closing Comments —-- Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

This week, Michael and Vance discuss recent market volatility, crypto legislation,interest rate and housing market outlooks, Tom Lee and BitMine developments, AI industry consolidation, and emerging onchain business models. Thanks for tuning in! – Follow Michael: https://x.com/im_manderson Follow Vance: https://x.com/pythianism Subscribe on YouTube: https://bit.ly/3R1D1D9 Subscribe on Apple: https://apple.co/3pQTfmD Subscribe on Spotify: https://spoti.fi/3cpKZXH —- TIMESTAMPS (00:00) Introduction (01:21) Market Outlook (11:39) Interest Rates and the Housing Market (19:32) Thoughts on the Fed Chair (21:17) Tom Lee and BitMine (29:13) The AI Space Today (37:27) Cult Stocks (43:06) Lighter vs Hyperliquid (46:38) Closing Comments —-- Disclaimer: Nothing said on Bell Curve is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Mike, Jason, Michael, Vance and our guests may hold positions in the companies, funds, or projects discussed, and our guests may hold positions in the companies, funds, or projects discussed.

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Market Structure, Macro Volatility, and the Next Phase of Crypto | Michael Anderson & Vance Spencer

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This episode was published on January 21, 2026.

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This week, Michael and Vance discuss recent market volatility, crypto legislation,interest rate and housing market outlooks, Tom Lee and BitMine developments, AI industry consolidation, and emerging onchain business models. Thanks for tuning...

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