Making Markets
Quarterly Market Recap - (Making Markets, EP.14)
Jan 26, 2024
In this podcast, the hosts discuss the Bitcoin ETF approval, Ethereum ETF prospects, Eric's transition from crypto to traditional markets, transferable skills from niche markets, top market performers living in paranoid states, and general outlook on venture capital speculation.
45:19
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Quick takeaways
- The approval of the Bitcoin ETF signifies a milestone in the adoption and acceptance of cryptocurrencies, highlighting the importance of allowing innovation and risk-taking in the market.
- The venture capital market is experiencing a shift in investment criteria, with a greater emphasis on stewardship of capital and demand for founders with unique insights and subject matter expertise.
Deep dives
Bitcoin ETF Approval and its Implications
The recent approval of the Bitcoin ETF is seen as a significant moment for various reasons. While people may focus on its impact on the price of Bitcoin, the approval itself is long overdue and represents the importance of allowing innovation and risk-taking in the market. The Bitcoin ETF has been compared to pickleball, loud and obnoxious, but it marks a step towards progress and growth in the market. Additionally, the approval of the ETF has led to changes in the market, with the Grayscale Bitcoin Trust experiencing a significant discount collapse as it transformed into an ETF. Overall, the approval of the Bitcoin ETF signifies a milestone in the adoption and acceptance of cryptocurrencies.
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