Why value accrues to deployers and user aggregators, not infrastructure?

Gm! This week, we're joined by founder of Inversion Capital Santiago Roel Santos to discuss Bitcoin breaking $95k, why crypto valuations are struggling, how AI and traditional markets offer better value and clearer cash-flow stories, and why the next era of winners will be real applications, not infrastructure. Enjoy!

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peaq, the Machine Economy Computer, proudly sponsors the 1000x podcast. 

peaq is home to 60+ apps across 20+ industries and millions of onchain devices, machines, and robots. 

It powers the world’s first tokenized robo-farm in Hong Kong and has launched the Machine Economy Free Zone in Dubai as an innovation hub for Web3, Robotics, and AI.

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Timestamps:

(00:00) Introduction

(00:58) Crypto’s Valuation Problem

(04:37) Crypto vs the Stock Market

(07:51) Crypto’s Valuation Problem Cont.

(12:45) Ads (Kraken OTC, Peaq)

(14:10) Is This Time Different?

(18:25) Valuations vs Active Users

(21:39) Future of Blockchain

(25:18) Bitcoin vs Crypto

(29:13) Crypto Needs Cash Flows

(32:31) Ads (Kraken OTC, Peaq, Katana)

(34:34) Underwriting New Chains

(41:48) Western Union Thesis

(44:54) Equity vs Token Holders

(47:26) The Future of Blockchain Investments

(50:42) Missing the Forest for the Trees

(55:02) Still Bullish Bitcoin

(59:17) Institutional Interest in Crypto

(01:05:23) Final Thoughts

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Disclaimer: Nothing said on 1000x 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. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.