I saw first hand how this team managed this crisis and saw the steps they put in place last year in the event something like this would occur. Execution was first class in my opinion
We talk about 4 year cycles โ
But the reality is that model is based on a bygone era of crypto.
Since the launch of the Bitcoin ETFs and new administration, we've entered a new market structure: new players, new dynamics, new reasons people buy and sell.
I think there's a pretty good chance that we've been in a bear market for almost 6 months now and are almost through it.
The setup for crypto right now has never been stronger.
1/8 Exciting news ๐
We have tokenized the first US Treasury bills (HUST) on leading Bitcoin Layer 2s: @Stacks, @Coredao_Org, and @build_on_bob!
Hamilton is building the first #RWA on #Bitcoin. Weโre bringing financial independence on Independence Day ๐๐บ๐ธ๐ง
We're thrilled to announce $3m in funding to build the world's first incentive layer for zero knowledge proofs that run everywhere.
NovaNet enables local verifiable computation and privacy-preserving applications at scale.
@luigidemeo Agree, but it's impossible to hatch an egg and expect it to be beautiful. The ugly duckling comes before the swan. Positive incremental steps are a good thing imo
@josephwang Joe, if rates come down, do you have any thoughts about the impact it would have on tbill and money market holdings? Would the govt need to backfill?
@1MainCapital@JerryCap@chernobelskiy yea, maybe its a little bit of everything? ABNB didn't really exit 10 years ago, PE didn't really play a big role and foreigners have been big buyers in recent years.
https://t.co/wyNPdkrBN2
@1MainCapital@JerryCap@chernobelskiy there are 140m homes in the US and 123m households. aside from metro specific issues, housing should not be a problem so there must be a reason imo
@chernobelskiy I don't think its structural undersupply. There are 140m homes, 7.5m are secondary homes (big increase in the last decade) and 1.6m are owned by private equity. There are only 123m households. The rich took out the homes.
https://t.co/ilorIdPCYy.
https://t.co/HMuOfBctF9
@hiddensmallcaps I agree. It's the demand side if the equation that is more important imo. I can see how freelancers are more attractive right now, but budgeting can't be good for a lot of the categories up on $upwk's board