DeepSummary
In this episode, Jason and Santiago discuss the surprising political shifts in the US regarding crypto. They analyze Trump's vocal support for Bitcoin and self-custody, as well as Biden's campaign ramping up outreach to the crypto industry. The hosts break down how these developments, along with the approval of Bitcoin and Ethereum ETFs, signal a significant shift towards the US becoming more crypto-friendly.
They also unpack the recent trend of celebrities launching meme coins, expressing skepticism towards those who have no prior interest or involvement in crypto. However, they acknowledge that as crypto goes mainstream, celebrity involvement is inevitable, and the industry should aim to educate and guide them rather than dismiss them outright.
Additionally, the hosts reflect on the different types of hard work that contribute to success, with Santiago emphasizing the importance of being opportunistic and focused in the rapidly evolving crypto space. Jason shares his perspective on the various phases of a bull market cycle, suggesting that the industry may be nearing the euphoria stage based on recent developments.
Key Episodes Takeaways
- The US political landscape is shifting towards being more crypto-friendly, driven by Trump's support for Bitcoin and self-custody, as well as Biden's campaign outreach to the crypto industry.
- The approval of Bitcoin and Ethereum ETFs is a significant milestone, legitimizing crypto as an asset class and paving the way for further institutional adoption.
- While celebrity involvement in crypto through meme coins is often met with skepticism, the industry should aim to educate and guide celebrities rather than dismiss them outright as crypto goes mainstream.
- Different types of hard work contribute to success in crypto, with Santiago emphasizing the importance of being opportunistic and focused, while Jason highlights pure effort, consistency, and resilience as key factors.
- Jason's analysis of the current phase in the bull market cycle suggests the industry may be nearing the euphoria stage based on recent developments, but cautions against disconnection from reality.
- The US culture of celebrating success and failure, as well as the accessibility to high-caliber individuals and institutions, fosters an environment conducive to entrepreneurship and success.
- Innovative and meaningful approaches to NFTs, such as "earned NFTs" and novel concepts beyond just collectible collections, present an opportunity for the industry to evolve.
- Crypto's increasing mainstream adoption and involvement from various sectors, including politics, finance, and entertainment, signifies its growing legitimacy and influence.
Top Episodes Quotes
- βI mean, I would be lying if I didn't tell you. I have reconsidered holding punks in the way that I do. I will always keep the one that I have. 9159. Some of the others, could I let them go? I'm not, like, as I said, I don't. I've come in the pod saying that I don't necessarily, like. Collecting and investing is two different sports for me.β by Santiago Roel
- βThe world is a very malleable place, and if you know what you want and you go for it with maximum energy, drive, and passion, the world oftentimes reconfigures itself around you much more quickly and easily than you would originally think.β by Marc Andreessen (quoted by Jason Yanowitz)
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Episode Information
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Jason Yanowitz & Santiago Santos | Blockworks
5/31/24