We're peeking at the end of the interest-rich cycle. How much more are they figuring out? It's 25 max. But in a melt-up, what's the incentive to buy Coinbase if you know that they have no downside protection against people stopping people getting uninterested in crypto again? Like, where does an institutional investor ever want to buy? I think fewer coins onCoinbase lists would improve liquidity. And give some downside protection for transaction - because I don't need to make much money on all the other coins anyway. That's about my thesis. Right now, literally, my entire thesis is based upon the fact that we're on the verge of a crypto so melt
Vinny Lingham joins Jason to break down the state of crypto’s de-platforming by the US government. They discuss recent happenings with Coinbase (2:13), Balaji’s Bitcoin bet (20:00), Binance (38:23), SBF (44:07), and more! Then, they wrap with a discussion about the coming balkanization of AI (52:54).
(0:00) Jason tees up today’s topics
(2:13) Coinbase’s Wells notice & the state of crypto