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Reflections on the Crypto Market Cycle, With David Hoffman

The Breakdown

00:00

DeFi Summer 2020

I think it's pretty inarguable to me that the crypto bear markets or the crypto bull market specifically started to take shape with DeFi summer, right? And then there was even more divergence though in terms of, you know, splitting off into kind of NFTs and things like that. We always thought they're like, oh, this thing called maker. Oh, Uniswap, Compound and Ave, D-Y-D-X. This is clearly a step order function improvement on money and finance. This is where the next bull market is going to be. But the NFT bull market just put the DeFi bull market to absolute shame.

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