5min chapter

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Crypto Thesis for 2023 | Ryan Selkis

Bankless

CHAPTER

Cryptocurrency Is a 'Voting Machine' Versus a Winning Station

Ryan: Bitcoin proving its you know bona fides as a very censorship resistant digital commodity that can be a form of money for people. stablecoins which continue to have record months month over month right so both the kind of derivatives that sit on top of crypto rails and then any of the crypto primitives themselves have just continued to see pretty tremendous growth cycle over cycle. He says in addition to eating big paper or real losses you'll see people having breakdowns go bankrupt due to over leverage or poor tax planning quit otherwise promising projects turn nasty depressed or apathetic and generally lose sight of the longer term potential of crypto at the same time the grassroots crypto herd will thin out because it's tougher to wage

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