3. Crypto has never had the “cover fire” of its two biggest, most Lindy, most headline assets having a free walk to ATHs. You combine that view with the view of many crypto market participants that both BTC and ETH “don’t have enough meat left on the bone”. Up 55% and up 100%?… Show more
3. Crypto has never had the “cover fire” of its two biggest, most Lindy, most headline assets having a free walk to ATHs. You combine that view with the view of many crypto market participants that both BTC and ETH “don’t have enough meat left on the bone”. Up 55% and up 100%?… Show more
There's no doubt that this situation has been influenced by our recent past, with the seemingly endless stream of calamity and political strife. It's also influenced by how we see the future - and many people think the future is generally bad. I guess the crypto enthusiasts are just trying to maximize their bottom line or take refuge in ideologies ... See more
Alex Klos • The Crypto Community Is a Mess
For those who want more risk than public equity markets provide, a long tail of speculative assets are exploding – digital collectibles, DeFi, Bitcoin. Bitcoin grew more than 5x YoY. Collectibles like NBA Top Shot did $60m in sales in a week. DeFi (decentralized finance), the infrastructure powering the casino of crypto, had a $40b influx in the pa... See more
John Luttig • Finance as culture
Eric Peters at One River Capital, he argued that we live in a period of social upheaval, where young people are keen to invest in technologies that disrupt (and potentially bankrupt) older generations’ preferred institutions, while pushing investments that benefit themselves at the expense oF the old guard. The best part about being young and broke... See more