CRYPTO 101 Ep. 650 The Current State of Crypto & What is Next
Apr 15, 2025
In this engaging discussion, Kyle Reidhead, co-owner of Milk Road and co-founder of Impact3, shares his journey into the crypto world. He emphasizes the significance of long-term investing and understanding network effects in an unpredictable market. Kyle dives into mainstream crypto adoption and the need for patience amid volatility. The conversation highlights the evolving relationship between traditional finance and digital currencies, along with the resilience of decentralized finance in overcoming macroeconomic challenges. Get ready to rethink your investment strategies!
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Deplatforming Sparked Crypto Journey
- Kyle explains how being deplatformed from Facebook led him to understand and embrace Ethereum and crypto as a way to own your data.
- This personal crisis pushed him from web2 to building businesses in the crypto space starting around 2019.
Long-Term Crypto Investing Advice
- Kyle advocates for a long-term investment approach focused on network effect leaders like Bitcoin and Ethereum.
- He warns against chasing quick gains from speculative tokens and urges building conviction in solid projects.
Network Effects Drive Blockchain Value
- Adoption should be measured by active developers and businesses using a blockchain, not just user counts.
- Network effects are critical; layers 2 depend on Ethereum, showing Ethereum's central role despite shifting value accrual.