Bloomberg Talks Atlas Merchant Capital CEO Bob Diamond Talks Cryptocurrency, Bitcoin
Feb 3, 2026
Bob Diamond, former Barclays CEO and now leading Atlas Merchant Capital, gives a concise tour of crypto infrastructure. He compares Bitcoin and Hyperliquid, explains Hyperliquid as a layer-one exchange platform and Hype token mechanics. He highlights on-chain trading of silver, equities and metals, TradFi’s move into blockchain, and upcoming prediction-market upgrades.
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Different Roles: Store Of Value Vs Business Token
- Bitcoin behaves like a volatile store of value while Hyperliquid functions like an operating business token.
- Bob Diamond contrasts supply-and-demand price swings with Hype's revenue-driven valuation.
Silver Trade Demonstrates Real-World Volume
- Silver trading on Hyperliquid generated the single-largest day for silver volume in recent memory, with Trade XYZ responsible for 2% of that volume.
- Bob Diamond uses this example to show real-world assets are already trading on-chain and driving Hype value.
Banks Are Embracing Blockchain Infrastructure
- Major banks are investing in blockchain infrastructure and use cases, not just retail crypto plays.
- Diamond expects blockchain to become core financial infrastructure over the next five to ten years.