🔐 Deutsche Bank Is Quietly Buying Bitcoin Infrastructure | Roxom Report London

Brief Summary

This episode of the Roxom Report London covers a range of topics including market trends, institutional investments in Bitcoin, and the evolving narrative around Bitcoin and digital assets. Stefania Barbalio joins the show to discuss her Financial Fox platform, the challenges and rewards of interviewing figures in the crypto space, and her insights on current trends such as tokenization and the role of traditional banks in the crypto world.

• European stocks are generally positive, while US tech stocks are down.
• Bitcoin's price is showing positive change with strong trading volume.
• Institutional demand and ETF inflows are driving Bitcoin's price.
• A "super majority" of Bitcoin holders are holding onto their assets, expecting higher prices.
• Deutsche Bank plans to offer cryptocurrency custody accounts, signalling traditional banks' increasing involvement in digital assets.

Bitcoin and Deutsche Bank: What’s Happening?

The show opens with a brief overview of the topics to be discussed, including Deutsche Bank's entry into Bitcoin custody, the passage of Trump's bill in the Senate, Visa and Mastercard's response to stablecoins, and a look at Bitcoin Beach in El Salvador. Stefania Barbalio joins the show to provide insights on these stories.

EU Markets Rise, US Tech Slips—Why It Matters

European stock markets are performing well, with France's CAC 40, Germany's DAX, Euro stocks 50, and the UK's Footsie 100 index showing positive trends. In contrast, US stocks are mixed, with the Dow Jones Industrial Index up but the NASDAQ composite, S&P 500, Coinbase, Micro Strategy, Nvidia Corp, and Tesla Inc. all experiencing declines.

Bitcoin Price Trends and Volume Patterns

Bitcoin's price has fluctuated between approximately $105,44 and $107,900 over the last 24 hours, currently priced at $107,859, showing a positive change of about 1.99%. The trading volume is robust, close to $47.8 billion, indicating strong market activity. Factors influencing the price movement include geopolitical tensions, institutional demand, ETF inflows, the macro environment of rate cuts and increased liquidity, and technical factors.

Institutional Inflows: Quiet but Powerful

Significant institutional buying pressure, including corporate treasury purchases and strong inflows into Bitcoin ETFs, is outpacing minor supply, creating upward price pressure. The global environment of rate cuts and increased liquidity is encouraging investors to seek alternative assets like Bitcoin. Technical indicators suggest a potential breakout if Bitcoin surpasses resistance levels around $109,200 to $110,500, potentially leading to new highs near $115,000 in the coming weeks.

Stephanie Papaleo Joins Live in Studio

Stefania Barbalio, founder of Casiopia Services and host of the Financial Fox YouTube series and podcast, joins the show. She discusses the evolution of Financial Fox, which started as a YouTube channel in 2018, interviewing CEOs and later focusing on blockchain technology and Bitcoin. Stefania highlights the value of podcasting for learning, making connections, and providing a platform for guests.

How Podcasts Build the Bitcoin Narrative

Stefania shares her experiences with Financial Fox, noting that it was initially challenging to attract guests, but over time, the platform gained recognition. She emphasises the importance of guests wanting to share their stories and the shift in narrative within the Bitcoin space.

The Problem With Fake Crypto Influencers

Stefania recounts a disappointing interview with a well-known gold proponent who was inauthentic and dry on the show. She contrasts this with positive experiences, such as interviewing Charles Hoskinson, whom she finds intelligent and insightful. Stefania also mentions a Bitcoin series that helped her team learn about Bitcoin, featuring interviews with OGs in the Bitcoin space, including Bobby Lee.

Ordinals vs Maxis: The Battle Inside Bitcoin

Stefania discusses the changing narrative around Bitcoin, noting the initial dichotomy between Bitcoin maxis and those exploring developments like ordinals (art on Bitcoin). She explains that ordinals, similar to NFTs on Bitcoin, created pressure on the Bitcoin blockchain, leading to innovation and experimentation.

Art and Pressure on Bitcoin's Blockchain

The rise of ordinals put pressure on the Bitcoin blockchain, increasing fees and spurring innovation in layer-two solutions. Stefania observes that the voice of Bitcoin maxis has been diluted as Bitcoin has been adopted by more stakeholders, including institutions and nation-states. She notes that the media now focuses more on Bitcoin treasury companies.

Still HODLing: The Long-Term Thesis

Data from Glassnode indicates that a "super majority" of Bitcoin holders are sitting on unrealised profits of around $1.2 trillion and are choosing to hold. The average short-term holder bought in at around $98,000, and despite the price hovering above $107,000, most are not cashing out, suggesting they expect even higher prices.

Glassnode Insights: Nobody’s Selling

Onchain indicators show realised profits are dropping, while the supply held by long-term investors has hit a record high. A sharp drop in short-term selling after Bitcoin hit its all-time high in May suggests traders expect the price to keep rising. Some analysts suggest long-term holders may be selling off to Wall Street firms since Bitcoin ETFs launched.

Timing the Market vs Conviction Holding

Stefania advises that investment decisions depend on individual circumstances and investment strategies. She notes that trying to time the market is difficult and that many people view Bitcoin as a long-term investment. The introduction of ETFs and support from figures like Trump have reinforced the idea that Bitcoin is a long-term asset.

Volatility and Fear—Why People Stay in

Stefania shares her personal experience of initially buying and selling Bitcoin without making money, then gradually buying back in. She recommends dollar-cost averaging as a good strategy and suggests using stablecoins during uncertain times. Stefania emphasises that Bitcoin has matured and is a great asset for those who believe in its long-term potential.

DCA Strategy: How Real People Survive

Dollar-cost averaging involves investing a fixed amount of money at regular intervals, regardless of the asset's price. Stefania suggests setting up a direct debit to automatically invest in Bitcoin regularly. She also mentions that some companies are exploring paying employees in Bitcoin and including Bitcoin in pension schemes.

Deutsche Bank’s Ethereum Crypto Play

Deutsche Bank plans to offer cryptocurrency custody accounts starting in 2026, partnering with Bit Panda and Taurus. This move signals traditional banks' increasing involvement in digital assets. Deutsche Bank is also exploring stablecoins and payment solutions using tokenized deposits. Stefania believes this is great for mainstream adoption, as banks need to offer Bitcoin to their customers or risk becoming obsolete. She also discusses Robin Hood's launch of tokenized stocks in Europe, which allows for 24/7 trading.