The Right Tail of Negative Distributions Is OK for Crypto

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Coinbase is our champion on the front lines. And I think everyone in crypto is rooting for them, probably even their competitors. We just need to clip the left tail of negative distributions and we'll be fine. That's all we need to continue in a multi year poll market. But my base case is like a painful volatile detente. that's okay for crypto.

Matt Hougan and Ryan Rasmussen from Bitwise join us to discuss their views on Coinbase, L2 valuations, the institutional investor landscape and more! And as usual, we start the episode with our analyst bullpen to discuss Ethereum's client failures, Pulse Chain's ponzi, Lido's new update and Tether's attestation report.

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Timestamps:

(00:00) Introduction

(01:05) Hot Seat/Cool Throne

(26:10) Interview Start: Institutional Investor Sentiment

(37:23) Regulation Outlook

(40:59) The Coinbase Bull Case

(49:26) L2 Valuations: Arbitrum vs Optimism

(51:49) Implications of USDC’s Depeg

(57:11) The Decoupling of Equities and Crypto

(1:00:42) DEX Market Share and Brand Moats in Crypto

(1:05:02) LST Baskets

(1:06:46) Returning Protocol Revenue to Token Holders

(1:08:48) BRC-20s, High Fees and L2 Volume Growth

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Resources:

Tether's Q1 Report

https://bit.ly/42UOYzY

Bitwise's website

https://bitwiseinvestments.com/

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Dan, Sam, and our guests may hold positions in the companies, funds, or projects discussed.