Seeking out the latest, high-tech, consumer products from around the World. Also follow @ukdronezone @rocuav
London UK
Joined November 2014
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Cam works at Bitwise on the research team. You should follow @CamKhosravi. Fantastic insights.
If you wonder why people say the 60/40 portfolio is dead, here's why: Bonds have been a slowly deflating balloon for decades.
The Fed is citing stablecoin demand as an offset for China selling Treasuries.
The entire stablecoin ecosystem is going much, much higher.
Extraordinarily proud to be featured in the @NakamotoProjct series in The Wall Street
Journal.
If you've ever been skeptical of bitcoin, please read my piece in the WSJ today:
partners.wsj.com/the-nakamot…...
We've run the Gensler-Warren playbook. It netted us FTX, Terra Luna, and Three Arrows Capital.
We've also run the "sensible regulation" playbook.
It netted us low-cost ETFs, regulated futures, and institutional investment.
Why not double down on what's working and pass
Clarity?
This is one reason I think the Clarity wobble will
fade. From a regulatory perspective, crypto was in a "heads we win big / tails we still win" situation.
I gave a speech this morning at the Barron's 100
Summit, a gathering of the top 100 financial advisors in America.
X
The speech focused on tokenization, and covered everything from SETH and SSOL to SHYPE, SUNI, SMORPHO and many other assets.
Cam works at Bitwise on the research team. You should follow @CamKhosravi. Fantastic insights.
Pretty wild to see everything not just crypto trading down, particularly in the face of the strong employment numbers. Also interesting to see value holding up well.
It feels like there's a real worry that these upcoming mega-IPOs will mark the top of the recent tech rally.
Stripe
Tether
Revolut
Binance
Ramp
Citadel Securities
Kalshi
Ripple
Polymarket
There is real disruption coming for finance.
A surprising number of the 50 most valuable private companies in the world are financial services firms:
The inflation news was fully priced in a month ago.
Here are the odds of a rate hike/cut in December, courtesy of the CME. Note that they have not moved at all on the CPI print.
Hyperliquid started onchain and is expanding to TradFi.
Robinhood started TradFi and is expanding onchain.
They are telling the same story from two different starting points.
Aggregate spot volumes are driven by crypto majors. I'm not sure the majors will lead us out of the bear market.
Spent my morning reading this recent speech from @SecScottBessent. It lays out a new and defining vision for America's role in the economy for the next 100 years. @elerianm calls it a "remarkably important speech."
Bessent organizes his vision around five principles..
Principle 3 is, "America will write the rules of the next economy." He gives one example of what this means:
"Digital assets, stablecoins, tokenization, and new payment systems will help to shape the future of money.