Nothing tests your conviction like a bear market. This is an opportunity to test what you think you know, refine your thesis, and make your bets for the next leg up.
Avichal and Sanjay are long time crypto investors and at VC fund electric capital. What are they betting on during the bear market?
We discuss 5 of the most pressing questions facing crypto investors during the bear market including…
1) L2 tokens - Are L2 tokens they worth something or they just worthless governance tokens?
2) AltL1s…Will the ETH killers make a comeback?
3) Multichain world - Millions of L2 chains or a few big winners?
4) Restaking - big deal or overhyped?
5) What Avichal things are this cycle’s alt-coins.
Episodes like this are an opportunity to sharpen your insights as a crypto investor. Don’t take these ideas as gospel. Wrestle with them. Test them. Make them your own. We’ll have other Bear Market Bets episodes with other perspectives, so this isn’t the last.
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Timestamps
0:00 Intro
8:00 L2 Value Capture
15:12 How Rollups Make Money
20:20 Harmful vs. Good MEV
25:00 Transactions Fees & L2s
38:05 Are L2s Valueable?
40:00 Multichain L2s or Few Winners?
43:05 Multichain Applications
49:09 Multichain Friction
59:02 Are NFTs Dead?
1:06:45 Investing in NFTs
1:10:00 RSA’s Worst Fear
1:15:10 Ethereum Killers & Modular/Monolithic Chains
1:19:22 L1s Playing the Monetary Premium Game
1:22:00 RSA vs. Avichal Moneyness Debate
1:24:30 Is Restaking Overhyped? Risky?
1:29:35 Crypto’s Antifragileness & Are We Lost?
1:33:40 Closing & Disclosures
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Resources
Avichal Garg
https://twitter.com/avichal
Sanjay Shah
https://twitter.com/sanjaypshah
Read
https://mirror.xyz/electriccap.eth/SD0wT7qSSfis9gLT_Ki1gY6_oTYEqgwcGE0hDw7kMDY
https://www.developerreport.com/developer-report
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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures
