Latif Peracha, General Partner at M13 with expertise in Bitcoin, and Mark Grace, M13 Principal focused on early-stage crypto investments, dive into the complex world of liquid tokens. They discuss the balancing act crypto founders face between immediate liquidity and long-term project potential. The conversation also touches on the volatility of tokens, opportunities within CeFi versus DeFi, and the necessity of regulatory clarity for innovation. Both guests share insights on evolving investment strategies amid the dynamic crypto landscape.