Navigating Investment Dynamics in Private and Liquid Markets

In this episode, Santi & Jason talk with Avi and Ro about the current state of the crypto market cycle in both private and liquid markets. They discuss Avi's "bearish" outlook driven by diminishing ETF inflows and stablecoin market caps, Ro's perspective on crywpto venture investing, and how this cycle compares to the last one. The conversation dives into the Solana IOUs auction, the upcoming Ethereum ETF catalyst, and the (un)productive nature of assets like Eigen Layer's restaking product and Bitcoin DeFi. Avi and Ro also outline their framework for crypto portfolio construction and the key indicators they watch. The episode concludes with their 12-month price predictions for BTC, ETH and SOL.

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Follow Avi: https://twitter.com/AviFelman

Follow Ro: https://twitter.com/roshunpatel

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Timestamps:

(00:00) Introduction

(04:28) Avi's Bearish Take

(09:41) Ro's Private Market Perspective

(16:42) Ethereum's Bull Case

(27:42) Private & Liquid Ratio

(36:49) Arbitrum Ad

(37:26) Aura Ad

(38:25) Marinade Ad

(39:29) SKALE ad

(40:46) Solana's Trade

(45:44) Cycle Timing & Comparison

(54:23) Fundamentals of DeFi

(01:01:06) What Everyone is Missing?

(01:11:14) Price Predictions

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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.