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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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Binance CEO Richard Teng attributes Bitcoin’s recent 35% slide to a broader risk-off deleveraging across asset classes, saying the cryptocurrency's volatility mirrors moves in stocks, bonds and commodities rather than being an isolated event.
The episode explores the ongoing debate over Bitcoin’s correlation with traditional markets, discusses investor implications, and highlights differing views on Bitcoin’s long-term prospects as blockchain adoption grows.
Overall, Teng urges calm—framing the decline as a market correction and a reminder for investors to research, manage risk and stay disciplined amid volatility.
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