Real Vision’s Friday segment features Sergio Sergito Silva arguing that crypto has room to catch up to other assets, helped by improving liquidity and a potentially friendlier Fed backdrop. The conversation then shifts into a detailed defense of Mi Bits’ NFT/IP strategy around the upcoming World Cup and the broader maturation of NFTs from speculative bubbles to community- and art-driven products.
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The episode opens with host Bjan Mleki introducing Sergio Sergito Silva, CEO of Mi Bits, and asking for his market read. Sergio says his vibe is constructive: he thinks crypto has an opportunity to close the gap versus other assets already at highs, especially after the sharp hit crypto took around October 10. He says the worst period was January/early February, and that a few risks have faded from the top of mind, particularly unless there is a major change in Iran. He also points to the possibility of a new Fed chair and says the DOJ stopping its investigation of Powell could clear the path for a more crypto- and risk-friendly Fed regime. From there, Sergio explains how he navigates black swans as a mostly long-term investor: he keeps his position set, only reassesses if something becomes materially out of place, and avoids overtrading unless leverage is involved. …
Near term, the setup is constructive for crypto if liquidity stays loose and geopolitical shocks stay contained. The biggest tactical risk is that any Iran-related escalation or policy surprise can quickly unwind the risk bid.
Over the next few months, the base case is a gradual catch-up in crypto and other risk assets if liquidity improves and macro data like manufacturing and trucking keep stabilizing. Confirmation would come from sustained strength rather than a one-day reflex rally; a renewed conflict shock or a more hawkish policy surprise would change the view.
Structurally, the transcript argues for a world where digital assets remain a high-beta but persistent part of the risk-asset complex, with value tied to ownership, identity, and network effects. The long-run market regime depends on whether institutions keep validating the space and whether monetary policy remains credible enough to support risk without breaking confidence.
Crypto looks like an opportunity to catch up with other assets that are already at highs or making new highs.
Sergio says crypto is lagging after the October 10 move and sees room for a catch-up trade.
The October 10 selloff created a large dislocation in crypto relative to other risk assets.
He cites the chart gap versus the Nasdaq and says the move left a big impact.
The worst period for crypto and risk assets was January into early February.
He explicitly identifies that window as the worst part of the move and says the market felt scary and caught him flat-footed.
How are you feeling about the market right now?
Sergio says his vibes are good and sees an opportunity for crypto to catch up with other assets that are at or near highs. He also thinks the worst of the recent drawdown may have passed and that a friendlier Fed regime could help risk assets.
What is Mi Bits building right now, and what is the roadmap for the rest of the year?
Mi Bits is turning five and is celebrating with events in New York and Lisbon. Sergio says the project is using Mi Bits as an IP platform, launching MiTits Football and digital collectibles tied to the World Cup, with games, brackets, predictions, and mini fantasy soccer features coming next month.
How do you see the NFT space developing from the previous bull market to where we are now?
The guest explains the previous market was a bubble where you made money just from existing. He sees different playbooks emerging — Asuki going into trading cards, Bored Apes leaning into the Yacht Club IRL, some projects going full animation studio. For his project (MeeBits), they focus on the art foundation from Larvalabs while doing community-building activations like World Cup. He notes three or four elements holders value: paying attention to the NFT itself (not just floor price), taking communities along as you build, being clear about direction, and not forgetting the NFTs. Projects that got big outside NFTs and forgot about their NFTs are now being left behind.
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