Some new market thoughts as we rip higher:
Its likely we see a 10x in quantity of new stablecoin issuers, which are very investable for VCs and will be sustainable. Lower rates makes the biz model less appealing though.
The AI sector is interesting but better builders in Web2, for now. Crypto x AI is still a ways out from mattering, yet I'm super bullish on this crossover still. Lots of scams washed out.
Everyone with a suit on in NYC wants to talk RWAs, RWAs, RWAs. This is a good thing. Tokenization & payments are unsexy but drive a ton of meaningful value. More of this is healthy for the spa