In this episode of Empire, Hal Press joins Mike and Jason to discuss his investment thesis. It's no secret that Hal is an ETH super bull, and this episode makes it clear why. He explains ETH's unfair advantage, how L2s will serve as free marketing for Ethereum, the liquidity staking derivative trade, the mechanics behind token rallies, token value accrual and the deflationary outlook! Get ready, this is one of my favorite podcasts yet.

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Timestamps:

(00:00) Introduction

(00:54) What Caused This Rally?

(10:46) The ETH:BTC Ratio

(13:14) How Shanghai Will Affect ETH Sell Pressure

(18:32) The LSD Trade

(20:30) Blockworks Research Ad

(30:30) The Real Yield Thesis

(32:36) Has ETH Won?

(44:28) Aptos’ Rally & Learnings

(54:40) The L2 Landscape

(59:10) Where Will Value Accrue?

(1:07:36) Bullish on dYdX

(1:10:34) Macro and Deflation

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Resources

North Rock Digital

https://northrockdigital.com/

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Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.