According to @MilkRoadDaily, Coinbase Head of Research David Duong calls the debasement trade the trade of the decade, spotlighting gold, BTC and real-world assets as beneficiaries of a regime shift, which frames a macro-driven playbook for crypto allocation. Source: @MilkRoadDaily post featuring David Duong (Coinbase Head of Research), Oct 16, 2025. The interview assesses post-crash market sentiment and the expected recovery timeline, giving traders context for risk positioning after the recent drawdown. Source: @MilkRoadDaily post featuring David Duong (Coinbase Head of Research), Oct 16, 2025. It examines whether ETH can set a new ATH this year and what ETH needs to break ATH, highlighting the conditions traders should watch for an ETH-led rally. Source: @MilkRoadDaily post featuring David Duong (Coinbase Head of Research), Oct 16, 2025. The Coinbase Q4 survey contrasts retail versus institutional views and behavior, providing a read on which cohort may drive the next leg in flows. Source: @MilkRoadDaily post featuring David Duong (Coinbase Head of Research), Oct 16, 2025. An outlook on RWA and tokenization into 2026 is discussed, underscoring timeline and segments that could capture TVL and liquidity rotation. Source: @MilkRoadDaily post featuring David Duong (Coinbase Head of Research), Oct 16, 2025. Coverage of Polymarket and prediction markets, plus who is driving TVL, guides traders to monitor on-chain activity and capital concentration as leading indicators. Source: @MilkRoadDaily post featuring David Duong (Coinbase Head of Research), Oct 16, 2025. The conversation weighs whether gold or ETH reaches 5K first, framing a relative value lens for macro allocation between hard assets and large-cap crypto. Source: @MilkRoadDaily post featuring David Duong (Coinbase Head of Research), Oct 16, 2025. It reiterates crypto as a macro asset, questions if the bull run is still on, and explains the debasement trade mechanics, aligning crypto with inflation-hedge and liquidity-cycle exposures. Source: @MilkRoadDaily post featuring David Duong (Coinbase Head of Research), Oct 16, 2025.