Not Investment Advice 174: ETH ETF Launches, Trump’s Crypto Pitch, The Dollar’s Decline & Building Hardware Unicorns
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Jul 24, 2024 The podcast covers topics such as ETH ETF launches, Trump's crypto pitch, the dollar's decline, and building hardware unicorns. They discuss the challenges of raising money for innovative ventures, exciting Bitcoin events, the impact of ETF launches on prices, and the contrasts between hardware and software businesses.
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Ethereum ETF Launch Insights
- Ethereum ETF volume on launch day tracked about 25% of Bitcoin ETF inflows.
- This roughly matches Ethereum’s market cap ratio to Bitcoin, suggesting healthy initial demand.
Ethereum's Complex Narrative
- Ethereum narratives are far more complex than Bitcoin's digital gold.
- Its core story is a decentralized computer powered by ETH, allowing vast possibilities beyond a store of value.
Crypto's Political Influence
- Politicians court crypto due to its emergent capital and influence, rivaled mostly by AI.
- Crypto laws and narratives are shaped by political incentives to gain crypto community votes.