180 - Top 5 Bear Market Bets with Avichal Garg & Sanjay Shah of Electric Capital

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Jul 17, 2023

Avichal Garg, founder of Electric Capital known for his insights into crypto investments, and Sanjay Shah, an investor shaping the firm’s strategy, share their top bets in this bear market. They tackle the value of Layer 2 tokens and debate if 'ETH killers' will rise again. The discussion unfolds on whether a multichain universe will thrive or if a few giants will dominate. They also assess the buzz around restaking and identify distinct alt-coins poised for a comeback. Their insights offer a fresh perspective for crypto investors navigating challenges ahead.

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INSIGHT

L2 Token Value

Layer 2 tokens can generate real cash flow, like traditional businesses.
They empower global participation in open systems outside single jurisdictions.

INSIGHT

L2s as Digital States

Layer 2s are like digital states generating revenue, similar to California's tax base.
They offer network effects, brand value, and specialized services, attracting users.

INSIGHT

Rollup Revenue Streams

Rollups generate revenue from MEV and transaction fees, similar to businesses.
Harmful MEV (sandwich attacks) will likely be mitigated; good MEV (arbitrage) will generate revenue.

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