Bankless ROLLUP: Blobs Arrive | BTC New High | ETH ETF? | Bankless 4th Birthday
Mar 15, 2024
The discussion kicks off with the intriguing role of 'blobs' in Ethereum, enhancing Layer 2 efficiency. Bitcoin makes headlines reaching a new all-time high, sparking reflections on market dynamics and investor sentiment. The rise of meme coins among retail investors and their potential for institutional interest is examined. Various innovations in Layer 2 solutions are highlighted, including new technologies promising fee-less transactions. The podcast celebrates its fourth birthday with humorous anecdotes, adding a touch of lightheartedness to the serious conversations.
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Bitcoin's Long-Term Outperformance
- Bitcoin outperformed traditional investments, like gold and S&P 500.
- Dismissing Bitcoin as a "meme" or "scam" has cost many people potential gains.
Bull Market Driven by ETF Flows
- The current bull market's frothiness is driven by ETF inflows.
- Remain bullish until ETF flows wane, potentially lasting 3-6 months.
Retail Interest in Meme Coins
- Retail investors are now interested in meme coins like Dog with Hat, not Bitcoin or Ether.
- Dog with Hat's Vegas Sphere advertisement might signal the cycle's top.