Crypto expert Ryan Selkis shares his 2024 predictions for stablecoins, investment themes, and people to watch in the industry. He discusses the potential approval of a Bitcoin ETF, institutional adoption of Ethereum, and the dominance of Bitcoin, Ethereum, and stablecoins. The podcast also explores the impact of policy and personnel on the crypto industry, including the stance of regulators and key individuals, as well as the potential consequences of political changes.
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Quick takeaways
Investment trends for 2024 include potential approval of a Bitcoin spot ETF and positioning of Ethereum amid competition from layer one solutions.
Notable individuals to watch in 2024 include Kathy Wood, Larry Fink, and Elizabeth Warren for their potential influence on the crypto industry.
Grayscale, led by Sonny Singh, is an important company to watch due to its impact on institutional adoption and potential involvement in the next market cycle.
The development of new crypto products and rise of stablecoins, along with regulatory policies, are anticipated trends for 2024.
The influence of crypto policies and potential centralized control through central bank digital currencies are important factors to monitor in 2024.
Deep dives
Investment Trends for 2024
The investment trends for 2024 include the potential approval of a Bitcoin spot ETF, the performance and positioning of Ethereum amidst competition from alternative layer one solutions, the importance of sticking to well-established crypto assets for investors, and the challenges and potential underperformance of private crypto investment funds compared to the public markets.
People to Watch in 2024
Notable individuals to watch in 2024 include Kathy Wood from ARK Invest, Larry Fink from BlackRock, and Elizabeth Warren due to their potential influence on the crypto industry and financial policy.
Grayscale and Sonny Singh
Grayscale, led by Sonny Singh, is highlighted as a company to watch due to its significant impact on institutional adoption and potential involvement in the next crypto market cycle. Sonny Singh's leadership is seen as important in navigating and addressing challenges faced by the broader DCG empire.
Barry Silbert's Resilience
Barry Silbert is seen as unkillable and underestimated in his ability to navigate challenges within his empire, such as the Genesis investigation, which is expected to be resolved given the resurgence of the market and potential for increased revenue.
Future Product Developments and Cryptomoneys
The future of crypto products and the emergence of new cryptomoneys are anticipated trends in 2024. The development of new financial and decentralized products, as well as the rise of stablecoins and potential influence from regulatory policies, are important areas to monitor.
Crypto Policy in 2024
Crypto policy and its impact on the industry is a key area of focus in 2024. The influence of policymakers like Elizabeth Warren and the potential for centralized control of the financial system through central bank digital currencies are identified as important factors to watch.
Importance of Political Competition in the US
Political competition in the US, particularly in the Senate, is crucial for the future of the crypto industry. If the Democrats maintain control of the Senate, it could have a negative impact on the industry, especially with key figures like Elizabeth Warren and Sherrod Brown, who are known for their strong positions against crypto. On the other hand, if there is a change in control and the Republicans take over, it could lead to more favorable policies and appointments of individuals who are more supportive of the industry. The outcome of the 2024 election will play a significant role in shaping the future of crypto in the US.
Existential Threat to Crypto in the US
If the Democrats win both the Senate and the presidency, it could be detrimental to the crypto industry in the US. Figures like Elizabeth Warren and Sherrod Brown, who have been critical of crypto, could hinder progress and allow financial regulators to impose strict regulations. This could lead to a decline in innovation and cause many crypto companies to seek opportunities abroad. The lack of a supportive environment could stifle growth and limit the industry's potential in the US.
Hope for the Future of Crypto
Despite the challenges, the growth and development of crypto technology cannot be stopped. Time is on the side of the industry, and it is inevitable that crypto will continue to evolve and gain mass adoption globally. While the US may face obstacles, other countries may become leaders in crypto adoption, which could eventually push the US to adopt more favorable policies. Additionally, as younger leaders who understand the potential of crypto come into power, the industry may find allies and supporters within the government. It is a matter of time before crypto becomes an integral part of the global financial landscape.
00:00:00 Intro 00:05:11 Recapping 2023 00:07:50 Are We In A Bull Market? 00:12:09 Investment Trends 00:16:48 BTC ETF Winners 00:20:03 Ether 2024 Predictions 00:26:57 BTC Security Model 00:33:06 Investment Strategy 00:36:56 VC and Private Markets 00:42:28 IPO's and M&A's 00:45:04 People To Watch 00:50:56 Why Does Elizabeth Warren Hate Crypto? 00:57:54 Grayscale 01:04:55 Products to Use in 2024 01:07:00 USDC Flips USDT? 01:11:32 Coinbase and BASE 01:15:46 Crypto Money 01:21:17 Privacy 01:27:54 How Crypto Wins In The US 01:40:07 The Political Bull Case 01:44:42 What's Most Exciting
