On The Brink with Castle Island cover image

On The Brink with Castle Island

Matthew Le Merle and Mitch Mechigian (Blockchain Coinvestors) on 2024 Predictions (EP.496)

Jan 8, 2024
Matthew LeMerle and Mitch Mechegian from Blockchain Coinvestors discuss their 2024 predictions including the growth of stablecoins, factors influencing the price of Bitcoin, the potential impact of ETF approval on the RIA channel, the regulatory landscape of the cryptocurrency industry, and the intersection of blockchain and artificial intelligence.
55:47

Podcast summary created with Snipd AI

Quick takeaways

  • Investors should not overlook the potential of blockchain technology due to negative sentiments and should learn from missed opportunities in the past.
  • Blockchain innovation is at an inflection point with the rise of layer twos and the improvement in performance and scalability.

Deep dives

Prediction 1: The dot com crash provides insights for 2024

The longer the discussion went on about the outlook for 2024, the more optimistic the experts became. They believe that investors sometimes miss the big picture when negative sentiments overshadow the potential of a technology. Drawing from the dot com crash in 2001, where the entire world turned negative about the internet, the experts highlight that this led to missed opportunities for tech investments. They argue that the best innovations in the blockchain industry are yet to come, and investors should take a second look before dismissing blockchain's potential.

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