Tom Schmidt

Tom Schmidt, a Partner at Dragonfly, shares his insights on the evolving cryptocurrency landscape. He discusses how crypto is becoming a legitimate institutional asset by 2025 and the unique challenges facing venture capital in this space. Schmidt highlights the shift from price-driven token models to application-based usage, emphasizing innovation over hype. He also explores new customer acquisition strategies and the potential recovery of the market, signifying a promising future for crypto startups.

Tom Schmidt, a general partner at Dragonfly Capital and former product manager at Instagram, dives into the world of crypto startups. He shares insights on trends in decentralized finance and consumer applications, emphasizing the user experience. The conversation highlights regional differences in crypto innovation, notably between Western and Asian markets. Schmidt discusses the impact of regulation on opportunities and advises on navigating the evolving venture capital landscape. He also reveals valuable lessons from his investments and the qualities needed in successful founders.

Tom Schmidt, Managing Partner at Dragonfly, discusses slowing ETF inflows, Hong Kong ETFs, inflation, and rate cuts in the crypto market. They highlight the impact of regulatory endorsement on Bitcoin, the importance of regulatory compliance, and potential conflicts between the SEC and CFTC. The conversation also touches on liquidity mining, bootstrapping networks, and the future of points in the industry.

Tom Schmidt, Managing Partner at Dragonfly, discusses the disappointing performance of Hong Kong ETFs, slowing inflows in both HK and the US, conflicting views on inflation and rate cuts, importance of regulatory compliance, potential turf war between SEC and CFTC, and the future of liquidity mining in crypto.

The podcast covers Bitcoin's new all-time high above $69K, the impact on traditional assets, upcoming Havening event, meme coin surge, market misconceptions, asset pricing dynamics, macro environment influence on crypto markets, and asset class institutionalization.