Bankless Crypto Thesis for 2023 | Ryan Selkis
19 snips
Dec 22, 2022 Ryan Selkis, Founder of Messari and renowned for his annual crypto theses, dives into the future of cryptocurrency in 2023. He emphasizes Bitcoin's resilience and discusses Ethereum's smart contracts versus emerging competitors. Selkis breaks down the recent CeFi credit crisis and its market implications, while encouraging listeners to learn from past mistakes. The discussion also touches on the pivotal role of institutional capital, evolving crypto regulations, and the integrity of crypto journalism amidst a challenging landscape.
AI Snips
Chapters
Transcript
Episode notes
Disappointment in Crypto
- Ryan Selkis mentions observing David's disappointment over the crypto events of 2022.
- This disappointment reflects the emotional impact of the market downturn on long-term builders.
Crypto's Inevitability
- Despite market downturns, the fundamental thesis of crypto remains strong due to generational shifts, talent influx, and available capital.
- Innovation in DeFi, NFTs, DAOs, and layer-two scaling contributes to this positive outlook.
Building in Bear Markets
- Bear markets offer a chance to build with fewer distractions and clearer product-market fit.
- Focus on building during bear markets because weaker contributors wash out, and real value emerges.