Empire

Crypto's Euphoria, Mass Stablecoin Adoption, and What Santi's Buying | Roundup

22 snips
Nov 22, 2024
Despite Bitcoin soaring to $98K, crypto Twitter is surprisingly muted. The discussion includes Trump’s involvement in pro-crypto policies and the underestimated potential of stablecoins. The hosts examine the current market dynamics, contrasting retail and institutional behaviors, while exploring the rise of AI agents. They also touch on recent Bitcoin purchases by MicroStrategy and the vibrant Solana community. Listeners are encouraged to stay engaged for updates on future events and community activities.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Lack of Euphoria

  • Crypto doesn't feel euphoric, despite Bitcoin's price increase, because seasoned investors already believe in its potential.
  • Current market behavior reflects not euphoria, but deep excitement and a sense of responsibility for scaling the technology.
INSIGHT

Meme Coins' Impact

  • Meme coins, while beneficial to some, have negatively impacted other sectors by absorbing capital and attention.
  • This has stalled innovation and narrative development, as price often dictates narratives in crypto.
ADVICE

Focus on What Works

  • Focus on existing successful narratives in crypto instead of constantly searching for new ones.
  • Stablecoins and Bitcoin alone offer substantial growth potential and are gaining traction with major players like PayPal and Stripe.
Get the Snipd Podcast app to discover more snips from this episode
Get the app