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#107 Anatoly Yakovenko: Crypto Isn’t for Everyone (And That’s a Good Thing)

90 snips
Jul 11, 2025
Anatoly Yakovenko, co-founder of Solana, dives into the evolving world of cryptocurrency and technology. He discusses the 'punks, hoodies, suits' cycle and how crypto is a movement, not just a product. Anatoly shares predictions about stablecoins potentially reaching $1 trillion and explains the vision behind the Solana phone to challenge app store monopolies. He argues that the future of crypto lies in serving a niche of high-value users rather than mass adoption, offering insights into the shifting dynamics of digital finance and innovation.
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ANECDOTE

Solana's Founding Story

  • Anatoly Yakovenko shared how he founded Solana after a late-night eureka moment in San Francisco.
  • Within six months, he was pitching to investors for what became a major blockchain platform.
INSIGHT

Crypto's Evolution Cycle

  • Crypto follows the "punks, hoodies, suits" cycle of tech movements.
  • Punks innovate, hoodies commercialize, and suits institutionalize the industry.
INSIGHT

Stablecoins Disrupt Legacy Finance

  • Stablecoins represent a clear product in crypto that works well due to programmability and backing by real assets like treasuries.
  • They disrupt legacy fintech built on outdated systems and show strong promise for global adoption.
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