Empire Finding Crypto's Next Big Trade | 1000x
May 31, 2024
Topics discussed in this podcast include the recent ETH comeback trade, picking potential winners in the crypto cycle, finding the next big trade, the impact of regulatory changes in DC, the debate between picking winners vs losers in the market, and the influence of figures like Elon Musk and Trump on crypto trends.
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Episode notes
Coinbase Trade
- Consider Coinbase stock as a trade due to the regulatory shift.
- Deregulation could be good for Coinbase, but increased TradFi exchange competition poses a risk.
Robinhood Meme Coin Volume
- Robinhood saw $4.5 billion in meme coin trading volume over two weeks.
- This suggests a possible investment opportunity in Robinhood as a meme coin proxy.
Altcoin Risk/Reward
- The bar for altcoin investments is high due to the strong thesis for benchmark L1s (Bitcoin, ETH, Solana).
- Consider the risk of altcoins tanking while the market rallies or missing out on potential 1000x gains in niche sectors.