Kendrick, the doyen of digital assets research, declares that by the end of 2008-good heavens, what a year to choose!-$500 billion may flee U.S. banks as customers, ever so chic, plug their capital into the crypto ecosystem. Bloomberg reports, of course, with all the drama of a society gossip column.
“Bitcoin, with its mouth agape in silent repose, bears a resemblance more to quiet Chapayev Square than to the bustling bazaar of one moonless dreamscape. Upside momentum demands volatility like peas demand carrots in a beloved samovar.”
In the grand theater of currency markets, the U.S. dollar, that once invincible titan, is now limping on stilts, its majesty fading with every policy blunder and macroeconomic catastrophe. The illustrious Devere Group, the wise arbiters of financial doom, sounded the alarms on January 28, 2026-an ominous date, indeed-declaring the dollar’s reign a relic of a bygone era, cracked and crumbling under the weight of its own hubris.
Yes siree, the hub is live, built right into the bedrock of the network, not slapped on like barn paint. It’s supposed to let developers build, deploy, and manage smart contracts without needing to hitch their wagons to Ethereum or one of those flashy upstarts with gym-toned whitepapers and influencer endorsements. This was meant to be the golden ticket, the thing that’d send DOT soaring like a jackrabbit with a jetpack.
From sea to shining sea, Americans may wager on politics, sports, entertainment, and the weather of the macroeconomy, all while their crypto and equity holdings murmur in the background. The news arrived through X, after first hinting in November 2025, as if fate kept whispering and the market finally listened.
On the vast stage of markets, money drifts away from the reckless dreams and into the old, heavy things-industrial metals and the like-hailed as the champions of the AI parade. The crowd applauds the clang of steel while the street laughs in the shadows.
It appears that progress on the esteemed legislation, known most grandly as the CLARITY Act, has been suspended like a lady’s fan in the presence of unwarranted scandal, chiefly owing to the growing discord between those who deal in cold coin and those who whisper sweet nothings to blockchain. The occasion promises to be as lively as a ball, with the White House’s own crypto council orchestrating the discourse among industry trade’s darlings and dissidents alike.
On Tuesday, those financial gladiators from JPMorgan, Citadel, and SIFMA huddled with the SEC’s crypto task force, grappling with the imminent fallout from a plan that sounds like a script straight out of a dystopian novel: broad exemptions for tokenized securities and certain decentralized dreams of finance.
According to Reuters’ keen-eyed Polina Devitt, Tether CEO Paolo Ardoino, with the seriousness of a man who’s just discovered his favorite toy, announced plans to allocate a princely 10% to 15% of its own investment portfolio to good old-fashioned gold by the close of 2026. Because what could possibly go wrong, right?
According to Geoffrey Kendrick, the bank’s head of digital asset research (fancy title, much?), the real issue is that payments and other banking activities are going all “on-chain”. Because who needs traditional banks when you can have blockchain, right? Kendrick also predicts stablecoins could hoover up $1 trillion from emerging markets in the same timeframe. That’s a lot of zeros, folks. The overall stablecoin market? Oh, just $2 trillion by 2028. Casual.