Crypto Corner: BTC Underperforms Silver & Gold, BTGO IPO's Wall Street Significance

• Crypto legislation faces delays due to a lack of bipartisan agreement, particularly on stablecoin rewards, with the Senate Banking and Agriculture Committees releasing separate drafts.
• Bitcoin has underperformed gold and silver, acting more like a high-beta risk asset than a store of value, influenced by global liquidity, institutional adoption, and a lack of 'crisis' conditions.
• BitGo, a crypto custodian focused on infrastructure and compliance, went public with a $2 billion valuation, marking a significant IPO in the crypto infrastructure space and aligning with the trend of tokenizing traditional financial assets.

This 'Crypto Corner' episode discusses recent developments in crypto legislation, highlighting a lack of bipartisan support in the Senate, which may delay new bills. It also analyzes Bitcoin's underperformance compared to gold and silver, attributing it to macro factors, institutional trading, and its 'identity crisis.' Finally, it covers BitGo's IPO, noting its focus on crypto infrastructure and compliance, and the growing trend of tokenization in traditional finance.