The Milk Road Show

Why the Next 18 Months Could Be Crypto’s Biggest Opportunity Yet w/ Avichal & Jesse Eckel

Nov 26, 2025
Avichal Garg, co-founder of Electric Capital and a crypto policy advocate, joins Jesse Eckel, a crypto investor and analyst, to explore the bullish potential for the next 18 months in the crypto market. They discuss how bearish sentiment may mislead market perceptions, the shift from retail to institutional investment dynamics, and the importance of developer activity as an investment signal. They also highlight the intersection of crypto and AI, practical innovations in the field, and long-term macro drivers shaping the market's future.
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INSIGHT

Macro Plumbing, Not Crypto Failure

  • Market weakness in 2025 stems from macro plumbing issues and late-stage tightening, not crypto's demise.
  • Jesse Eckel expects liquidity and policy shifts to make 2026 structurally bullish for crypto.
INSIGHT

Crypto As Long-Term Venture Allocation

  • Avichal Garg frames Bitcoin and ETH as long-term venture-style holds with huge asymmetric upside over 10+ years.
  • Currency debasement and fiscal pressures make crypto an attractive hedge in his view.
INSIGHT

Institutional Flows Rewrite Crypto Cycles

  • ETF-driven institutional demand changes market structure and creates a slow, persistent bid rather than retail-style pumps.
  • Institutional allocations will likely DCA over 12–24 months, muting classic four-year cycle volatility.
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