Weekly Rundown - May 4, 2025

Are Russian oligarchs the new "Wall Street and institutions"?

Author

Mark Helfman
May 04, 2025 • Estimated Reading Time: 5 minutes

🌟 This week’s note

🗓️ What you missed this week

Market Update

In it, we figured out what drove the recent price action and what we should do about it. We also found some key metrics and signals to look for in the coming weeks.

April Recap

For a summary of key charts from last month and notable bits you may have missed, catch the April Recap: Charts That Steal Your Hearts.

All charts and summaries came from last month’s market updates, ICYMI!

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Bottom line: Russia wants to build a state-sponsored crypto exchange and ban common transactions outside of this exchange.

My take: Is this Putin’s version of the US’s “institutions will pump the market,” except with oligarchs taking the place of Wall Street? Any Russians here want to comment? It would be crazy if the next narrative revolves around Russian tokens—or better yet, if Putin launches a memecoin.

Why we care: Russian oligarchs may provide a new source of inflows.

Russian Central Bank to Launch Crypto Exchange for “Super-Qualified Investors”

The Russian Central Bank and the Finance Ministry have teamed up to launch a local cryptocurrency exchange aimed exclusively at the country’s “super-qualified investors.

🔥 Test your fake news and trading skills

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After you finish that, play the Elm Coin Flip game to test your strategic and tactical thinking about risk/reward decisions.

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If you play that game and lose, read the educational content on the Elm website for risk/reward and bankroll management concepts that you can apply to crypto (and all games of chance).

😧 The End of Bitcoin as We Know It Is Near…

I found an interesting video about Bitcoin’s evolution from anti-establishment financial technology to a legacy financial asset.

What does this mean for our portfolios?

Watch the video.

Wall Street and legacy financial institutions will build the bridges the rest of the world needs to put money into crypto. In doing so, they will use money, regulators, and insider networks to take a cut of your profits.

Good? Bad?

We shall see.

I looked at the topic in a series of essays for Bitcoin or Bust: Wall Street’s Entry Into Cryptocurrency. While the names and faces have changed since 2019, the topics remain as important and relevant now as ever. Please pick up a copy anywhere books are sold (premium subscribers get it free).

Make sure you watch the video first!

Let’s connect! 

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Relax and enjoy the ride!

— Mark

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