When Shift Happens Podcast

E109: Meltem Demirors: Why Speculation Drives Crypto (And How To Win The Game)

11 snips
Feb 22, 2025
In this engaging discussion, Meltem Demirors, an early crypto investor and founder at Crucible, delves into the driving force behind the crypto market: speculation. She sheds light on how speculative cycles fuel everything from memecoins to NFTs, highlighting that greed is inherent to the ecosystem. With insights on self-custody and the importance of secure asset management, Meltem also humorously explores crypto's playful side, including froggy coins and Ether Rocks. Her journey from finance to crypto offers a unique perspective on navigating this rapidly evolving landscape.
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ANECDOTE

The Bitcoin Mansplainer

  • Meltem Demirors let a man explain Bitcoin to her for two hours, even though she worked in crypto.
  • He later called her an "asshole" for letting him make a fool of himself, but she thought it was cute.
INSIGHT

Knowledge to Alpha

  • Meltem Demirors is motivated by knowledge and enjoys translating it into alpha.
  • She finds crypto a great space due to its diverse disciplines and deep rabbit hole.
INSIGHT

Cult of Innovation

  • In crypto, technical innovation is not enough; narrative and attention capture are crucial for success.
  • Meltem Demirors seeks founders who are also aspiring cult leaders, able to create compelling narratives.
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