Is 2025 Crypto's Dot-com Moment? | Weekly Roundup

Dec 19, 2025

The hosts explore if 2025 could signal crypto's moment akin to the dot-com bubble. They analyze the connection between crypto adoption and falling prices, comparing the current landscape to the post-dot-com era. Discussions include token versus equity exposure, the future of stablecoins, and Coinbase's new product launches. Predictions about market winners and losers, shifting investments towards AI, and the emerging role of traditional finance in crypto are highlighted. Finally, the debate on stablecoin issuers and their market strategies adds depth to the conversation.

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INSIGHT

Adoption Can Outpace Token Prices

Adoption can rise even while token prices lag because sentiment is a lagging indicator of real-world usage.
Networks may be overvalued today while corporates quietly integrate crypto infrastructure.

INSIGHT

Crypto Could Repeat Dot‑Com Pattern

Post-dot-com, user adoption exploded even as public prices stayed depressed for years.
Crypto could mirror that: user growth with a multi-year price choppy period.

INSIGHT

Tokens Lose To Private Equity Without Clarity

Traditional allocators are favoring private equity over public tokens due to unclear token economics and rights.
Tokens need clearer regulatory treatment and economic purpose to regain broad institutional demand.

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This week, we discuss whether 2025 marks crypto’s dot-com moment. We deep dive into how to allocate capital as crypto and fintech continue to merge, crypto’s token-vs-equity dilemma, Coinbase’s recent product releases, who wins the stablecoin race and more. Enjoy!

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Timestamps:

(00:00) Introduction

(04:06) Is 2025 Crypto’s Dot Com Moment?

(13:12) Crypto’s Token vs Equity Dilemma

(28:30) Ads (VanEck, Uniswap)

(30:12) Coinbase’s Product Releases

(35:25) Who Wins The Stablecoin Race?

(46:58) Vaults

(56:50) Content of The Week

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.