The blocmates Podcast Everything Wrong With the Market, VCs and Tokens and (Maybe) How To Fix It
Dec 3, 2025
Join Alex and Grant as they reflect on their experiences at Devconnect in Argentina. They dive into the challenges of the market, discussing everything from networking fatigue to the dynamics of career-driven attendees. The conversation covers the gap between strong fundamentals and sluggish token prices, while introducing MetaDAO as a potential solution for fair token launches. They also explore the pitfalls of VC expectations and the effects of market dynamics on token performance, all wrapped up with entertaining anecdotes about collectible trends.
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Noise Versus Genuine Builders
- Conferences attract surface-level self-marketers who fill rooms while authentic builders cluster privately.
- This creates a visibility bias where loud promotion outshines genuine technical progress.
Corporate Bitcoin Positions Create Fragile Signals
- MicroStrategy's NAV pressure exposes fragility when corporate balance sheets lean on volatile BTC holdings.
- Public statements about selling BTC to meet obligations amplify market fear and systemic risk.
Fundamentals-Price Dislocation
- There's a stark disconnect between strong industry fundamentals and weak token price action.
- Institutional backstops and regulatory clarity haven't yet translated into sustained market rallies.